How Neoliberalism Broke Britain (2023)
8 hours ago
- #economic decline
- #social breakdown
- #neoliberalism
- Neoliberal policies have led to the decline of Britain's economy and public services.
- GDP growth pre-2008 was built on shaky foundations, including debt and asset inflation.
- The 2008 financial crisis exposed systemic issues, with austerity worsening inequality.
- Post-crisis, productivity stagnated, wages fell, and corporate profits soared.
- The pandemic and cost-of-living crisis further highlighted systemic failures and corporate greed.
- Public services and infrastructure are underfunded, leading to social breakdown.
- The state prioritizes capital over social welfare, exacerbating inequality and instability.
- Chronic stress and poor health are widespread due to economic pressures and lack of support.
- Social bonds are eroding, leading to anger and alienation, with unpredictable consequences.