Neoliberalism is a real economic model – here’s how the left can overturn it

The replacement of a hyper-financialised system will require a radical reshaping of the state, new national and global institutions, and new treaties.

Neoliberalism is just a term of abuse, Ed Conway, the economics editor of Sky News tells us, thereby dismissing one of the key tenets of Corbynism. Ben Chu at the Independent thinks that, if the social market at the heart of the EU project can be described as “neoliberal”, the term is meaningless. Both writers take specific exception to my blog here last week, so, for the sake of edification, I will try to explain why they are talking nonsense.

First, let’s understand what...
source: New Statesman

2018-05-16 15:32
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