Which income group has benefited the most from market fundamentalism?

Question

Quizplus · Accepted Answer

Market fundamentalism, or neoliberalism, advocates for free markets and minimal government intervention in the economy. This ideology has often led to policies that benefit the wealthy and corporations, such as deregulation, tax cuts, and privatization. As a result, the top 20 percent of households, who already have significant wealth and resources, have benefited the most from market fundamentalism. The bottom 40 percent of households, on the other hand, often have little to no wealth and rely on government programs and assistance, which have been targeted for budget cuts under neoliberal policies. The middle quintile of households may have seen some benefits from economic growth under market fundamentalism, but these gains have not been as significant as those for the wealthiest households.

Which Income Group Has Benefited the Most from Market Fundamentalism