By Daniel Margrain
The concept of a mixed capitalist social democracy is not what Theresa May had in mind when she described free-market capitalism as the “greatest agent of collective human progress ever created”. What the obsession with the prevailing socioeconomic orthodoxy of successive governments over the last 40 years illustrates, is that politicians like May proselytize, not on behalf of free-markets, but an extreme form of crony capitalism (neoliberalism) in which the publicly owned assets of the state are systematically stripped for the benefit of the rich.
Farm subsidies, public sector retrenchment, corporate tax avoidance and evasion, government share giveaways and housing benefit subsidies, are just some of the ways in which neoliberalism continues to greatly enrich the wealthiest in society. Figures reported in the Guardian indicate that the richest one per cent in Britain have as much wealth as the poorest 57 per cent combined. This contrasts with the…
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