“In the age of new consensus financial policy stabilization,” one US economist wrote, “the economy has witnessed the largest transfer of income to the top in history.”44 A sobering 2016 report from the International Monetary Fund warned of instability, concluding that the global trends toward neoliberalism “have not delivered as expected.” Instead, inequality had significantly diminished “the level and the durability of growth” while increasing volatility and creating permanent vulnerability to economic crisis.45
