Monday, October 22, 2012

Mixed Economy vs Neoliberalism, updated

This is an updated version of the original Mixed Economy vs Neoliberalism article, created for Facebook. 


For reasons of space I had to leave out the post-1979 explosion of personal and private sector debt, the erosion of civil liberties, the rise in police brutality, the massively expanded prison population, the rise in political and financial sector corruption and the destruction of the UK manufacturing sector.

This is the conclusion from the original article:

Although there were still plenty of political and socio-economic problems during the Mixed Economy period, I'd say that overall this basic comparison makes a convincing case for a return to the mixed economy.

However the ruling Tory led coalition are insistent that the bankrupt
pseudo-economic "greed-is-good" neoliberal show must go on and that ordinary working people are going to have to pay through the nose for the huge economic failures of the establishment's orthodox neoliberal ideology via deliberately stagflationary economic policies that further intensify the upwards wealth redistribution, whilst the financial sector elite laugh all the way to the (taxpayer subsidised) bank.

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