What do critics of the Washington Consensus, such as the anti-globalization movement, argue?

Critics of the Washington Consensus, including those from the anti-globalization movement, contend that the policies associated with it often prioritize corporate interests over the broader needs of society. The Washington Consensus advocates for a neo-liberal economic framework, emphasizing free markets, deregulation, and privatization. Proponents argue that these policies drive economic growth; however, critics point out that they can lead to increased inequality and social displacement. They argue that by centering corporate profitability and market efficiency, the needs of marginalized communities and social welfare are frequently overlooked. This can result in detrimental impacts on public services, environmental issues, and overall societal well-being, as resources and policy focus shift towards benefiting corporations rather than addressing the fundamental needs of people. In this context, the critique centers on the notion that an unfettered market, while potentially leading to economic gains, often does so at the cost of social equity and justice.