Neoliberalism has utterly failed. In the UK, its fanatics pushed through a budget contained £36bn of tax cuts hailed by supporters as, "a true Tory budget". The budget cost UK economy upwards of £30billion and many saw their pension funds on the verge of collapse and requiring emergency intervention.
Truss lasted 44 days as Prime Minster. Her Chancellor Kwarteng was sacked after 38 days.
What did we expect allowing the elites to run an economic system for their own benefit?
#neoliberalism
Indy Richard 🏴 /
npub15r…jl0a6
2023-08-09 16:24:54
Author Public Key
npub15rdxl4fsdrc6yjku9c9th5vgjxg4wa7v9fmg7v8ewygtpgxvnsqsvjl0a6Published at
2023-08-09 16:24:54Event JSON
{
"id": "a205ad3962144b2f5b453781950480ef32990f9a7633eb6ca9b0e41be82b1a4d",
"pubkey": "a0da6fd53068f1a24adc2e0abbd18891915777cc2a768f30f97110b0a0cc9c01",
"created_at": 1691598294,
"kind": 1,
"tags": [
[
"t",
"neoliberalism"
],
[
"proxy",
"https://mastodon.scot/users/IndyRichard/statuses/110860585842468557",
"activitypub"
]
],
"content": "Neoliberalism has utterly failed. In the UK, its fanatics pushed through a budget contained £36bn of tax cuts hailed by supporters as, \"a true Tory budget\". The budget cost UK economy upwards of £30billion and many saw their pension funds on the verge of collapse and requiring emergency intervention.\nTruss lasted 44 days as Prime Minster. Her Chancellor Kwarteng was sacked after 38 days.\nWhat did we expect allowing the elites to run an economic system for their own benefit?\n#neoliberalism",
"sig": "ac02f4853e45cfcc0aed56edcbf0bffd54d5d2d9b1d82432db776c3d729365925911a8f87dc640c7280d571815f040c6c3704c851566c78fa1dd0fafbe617ee1"
}