Sumner on neoliberalism and growth

This week's EconTalk is Scott Sumner talking about why some countries grow faster than others. His basic argument is that starting around 1980 (and maybe a little before) there was what he calls an embrace of neoliberalism–a movement toward privatization, lower tax rates, and deregulation. He argues that while growth slowed in the United States in this period, it slowed worldwide and slowed less than in other countries that failed to liberalize or that liberalized less.  (I speculate in the p...