guardian   38343

« earlier    

Britain fell for a neoliberal con trick – even the IMF says so | Aditya Chakrabortty | Opinion | The Guardian
Opinion
Privatisation
Britain fell for a neoliberal con trick – even the IMF says so

Aditya Chakrabortty
The fund reports that Britain’s finances are weaker than all other nations except Portugal, and says privatisation is to blame

@chakrabortty
Wed 17 Oct 2018 06.00 BST Last modified on Wed 17 Oct 2018 13.34 BST
Shares
14,571
Comments
2,623

‘Pundits will say that neoliberalism is about markets and choice – tell that to any commuter wedged on a Southern rail train.’ Photograph: Alamy Stock Photo
Columnists usually proffer answers, but today I want to ask a question, a big one. What price is paid when a promise is broken? Because for much of my life, and probably yours, the political class has made this pledge: that the best way to run an economy is to hack back the public realm as far as possible and let the private sector run free. That way, services operate better, businesses get the resources they need, and our national finances are healthier.

It’s why your tax credits keep dropping, and your mum has to wait half a year to see a hospital consultant – because David Cameron slashed public spending, to stop it “crowding out” private money. It’s why water bills are so high and train services can never be counted on – because both industries have been privatised.
guardian  news  UK  politics  economics 
yesterday by ndf
Podcasts | The Guardian
All the Guardian's podcasts collected.
Guardian  podcasts 
yesterday by realjimbob

« earlier    

related tags

2018  activism  advertising  america  analysis  angst  art  article  au  babylon  banksy  benefits  blog  brain  brexit  capitalism  carbon  cause  climate  climatechange  co2  cognition  comedy  commodification  commodity  compromise  concentration  consumerism  counted  criticism  critique  culture  dada  data  democracy  design  dj  documents  drinks  dup  economics  editorial  environment  fic  film  food  future  githubeg  global  growth  guide  hardbrexit  health  himtoo  honesty  iceland  immigration  important  internet  investigative  ipcc  isssues  issue  italy  journalism  keto  kombucha  language  linguistics  london  marketing  maytheresa  metzger  monbiot  money  news  norway  opendata  opinion  parliament  podcasts  police  politics  pork  poster  pret  productivity  protest  psychology  ptsd  race  recipe  report  research  risks  running  shen.wei/yunlan  shredder  smartphones  society  t  tech  technology  temperature  temperatures  theatre  travel  trends  uk  update  us  usa  veneto  venice  warming  wealth  weilan  zhao/shen 

Copy this bookmark:



description:


tags: