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Podcast: Bungacast
Episode: Excerpt: /296/ Last-Gasp Neoliberalism (Trussonomics)
Description:
On Trussonomics.
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[Patreon Exclusive]
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Having stumbled upon a successful recipe under Boris Johnson which would see greater state intervention, Britain's Tories then pivoted to a much more pro-market approach. But the markets haven't liked it – they've hated it.
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What does this say about neoliberalism and what the new orthodoxy is? Why did markets react so badly against a budget that featured things they normally like, such as lower rates of corporate taxes? And does this mean the market's authority has been restored, but under a new guise?
Readings:
Liz Truss’s Britain Is a Morbid Symptom of the World’s New Era...