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Liberalism has been equated with political freedom; neo-liberalism was equated with economic freedom. Of course, it could be questioned how free most of the peoples of the world really were under neo-liberal governance. Much of the developing world worked for companies based in the developed world, or to create goods and services for the developed world. Economic polarization between rich and poor grew, and political power shifted along with itin a lopsided manner, just as lopsided as the burgeoning growth of the wealthiest and poorest people at the opposite sides of the worlds economic continuum

Globalization was also a cornerstone of neo-liberalism, along with the bolstering of international institutions. But although this opened up new markets and made the world more interconnected or flatter, many nations found themselves less, rather than more in control of their economic fates. For example, the International Monetary Fund (IMF), the World Bank and the Inter-American Development Bank made loans and aid contingent upon developing nations pursuing neo-liberal policies, often to the detriment of many workers. Even in October 2009, the IMF pressured on the South African government to maintain a budget surplus; and to implement privatization for infrastructure and social needs, including electricity

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