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Tag Archives: neoliberalism

Trickle down extremism

Trickle-down economics

Trickle down is, perhaps, the greatest of the lies perpetuated by economists.  At its heart is the claim that when states conduit currency into the bank accounts of the very rich, it will – through investment and growth – make its way into the pockets of everyone else.  So, for …

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Thatcher’s legacy

Thatcher's legacy of debt

Twenty seven years ago today one of Britain’s most successful – and divisive – prime ministers left 10 Downing Street for the last time.  In her wake lay the ruins of Britain’s industrial past.  Coal, steel, shipbuilding, factory and rail towns had been reduced to a shadow of their former …

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Confidence: why it matters and why it shouldn’t

Business confidence

Business confidence is a big deal for the news editors… particularly when it slumps.  This is because – it is widely believed – a fall in business confidence reflects an economic slowdown at best or, worse still, the onset of a new recession.   With this in mind, the latest round …

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They promised a small state. They gave us a weak state

Corporate welfare

While the 2008 financial crash finally exposed the infantile economic theories behind neoliberalism, most of its political claims remain unchallenged.  Key among these is the belief that somehow successive neoliberal governments have been “rolling back the state.” Ripping up so-called “red tape,” cutting taxes and providing ready access to finance …

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