For communities around the world, especially in the global south, it has been clear for decades that the neoliberal Washington Consensus, which emerged in the 1980s and focused on deregulation, privatization, austerity, and trade liberalization, was a predatory and destructive model.
The unfairness of this system was the message of the global justice movement that protested global north-controlled economic institutions, such as the World Trade Organization, World Bank, and International Monetary Fund, in the 1990s and early 2000s. The same ideas have powered multiple waves of global protest since then, including Occupy Wall Street. The system of
