From the paleo-socialist left, Peter Wilby, writing in The New Statesman:
Financialisation is now unravelling, with the state striving desperately to shore it up. With financial institutions facing bankruptcy and credit markets frozen, it can no longer deliver prosperity - or the illusion of it - to the masses. Ruination, which capitalism so regularly visited on the Victorian middle classes and which was portrayed so often in the fiction of the period, threatens to envelop millions. The promises of neoliberalism are revealed for what they were: a sham. An ideology that seduced most of the population is broken. The psychic and political consequences are incalculable.
From the paleo-conservative right, Martin Kelly, writing on his blog:
We are living through one of those once-in-a-generation events, like the rise and fall of fascism, or the rise and fall of Keynesianism. This is the stuff, the bones and sinews, of what history is made of. We are seeing the end of neoliberalism.
Both Peter and Martin are right. It's game over for neoliberalism, the pernicious doctrine which has made the world a much less kind and much more dangerous place over the past thrity years. Neoliberalism has been a disastrous era in world history-a fundamentally regressive period in which only the very greediest members of society have benefited.
Ironic, isn't it, that in the week her daughter was sacked by the BBC, the extremist ideology that Mrs Thatcher first introduced to Britain exactly thirty years ago, draws its final breath.
Of course, the neoliberals will try all they can to cling to power and will continue writing their ludicrous oped and comment pieces on how the free movement of capital and labour and privatisation of our entire economy benefits us all, but no one is listening to them anymore.
It's also ironic that this week, the week that neoliberalism died in Britain, we've also seen the heaviest snowfalls for decades.
Now it's time to combine our splendid 1970s weather, with some splendid 1970s economic policies.
Financialisation is now unravelling, with the state striving desperately to shore it up. With financial institutions facing bankruptcy and credit markets frozen, it can no longer deliver prosperity - or the illusion of it - to the masses. Ruination, which capitalism so regularly visited on the Victorian middle classes and which was portrayed so often in the fiction of the period, threatens to envelop millions. The promises of neoliberalism are revealed for what they were: a sham. An ideology that seduced most of the population is broken. The psychic and political consequences are incalculable.
From the paleo-conservative right, Martin Kelly, writing on his blog:
We are living through one of those once-in-a-generation events, like the rise and fall of fascism, or the rise and fall of Keynesianism. This is the stuff, the bones and sinews, of what history is made of. We are seeing the end of neoliberalism.
Both Peter and Martin are right. It's game over for neoliberalism, the pernicious doctrine which has made the world a much less kind and much more dangerous place over the past thrity years. Neoliberalism has been a disastrous era in world history-a fundamentally regressive period in which only the very greediest members of society have benefited.
Ironic, isn't it, that in the week her daughter was sacked by the BBC, the extremist ideology that Mrs Thatcher first introduced to Britain exactly thirty years ago, draws its final breath.
Of course, the neoliberals will try all they can to cling to power and will continue writing their ludicrous oped and comment pieces on how the free movement of capital and labour and privatisation of our entire economy benefits us all, but no one is listening to them anymore.
It's also ironic that this week, the week that neoliberalism died in Britain, we've also seen the heaviest snowfalls for decades.
Now it's time to combine our splendid 1970s weather, with some splendid 1970s economic policies.
