The end of Neo-Liberalism?

Grenfell Tower

The Neo-Liberal obsession with cutting ‘red tape’ (fire regulations, building regulations, building inspectors etc) contributed to the disaster at Grenfell Tower.

Since the Thatcherite revolution of 1979 a neo-liberal ideology has dominated politics. Rolling back the state, low tax, low regulation unrestricted capitalism have been the central tenets of this worldview. Wealth has trickled up, further enriching the very rich while the majority have seen living standards stagnate or fall. Levels of inequality have risen dramatically. It was an ideology that was especially dominant in UK and USA, and Trump, May and the Brexiteers are the real extremists of this policy direction. The tide seems to be turning. The need to build stronger social and environmental legislation seems more apparent than ever.

The Grenfell tower block fire has brought into sharp focus several of these issues. The obsession with cutting red tape included watering down fire regulations and cutting back on building inspectors and other council services. The fact that flammable cladding materials were used rather than fire resistant ones just to save a tiny amount of money has cost the lives of many people. David Lammy and Jeremy Corbyn have shown empathy and leadership entirely lacking from May and her cabinet.

Poor air quality causes much illness and death and it is an issue which can be greatly helped with the right legislation, but this government continues to drag its feet and is only spurred into action by the legal challenges of ClientEarth and the European Union. The same can be said for the banning of dangerous agricultural chemicals such as glyphosate and the neonicotinoids where this government seems to be on the side of corporate interests at the expense of public safety. On climate change Trump, May and the neo-liberal extremists always line up on the side of the fossil fuel industry and against the interests of people and planet.

Many cities, regions and countries are realising the benefits of stronger environmental, safety and human rights regulation in stimulating a new cleantech economy which prioritises the needs of the many and not the few, the planet and not the polluter. A new worldview is emerging that has not yet got a name. It is pluralistic, pragmatic, cooperative and collegiate, socially and ecologically responsible. Corbyn taps into a part of it, Macron and Merkel to other aspects of it, perhaps in many ways the Greens fit best, but no one group has all the answers: we must work together to overcome the destructive dominance of neo-liberalism and create something very much better.

In much of Europe, particularly in Scandinavia, neo-liberalism never held such dominance, and they have more socially and ecologically responsible governments. We should withdraw article 50 and remain in the EU. Together we can repair the damage that 38 years of neo liberalism has created and that the Brexiteers will only make worse.

2 thoughts on “The end of Neo-Liberalism?

  1. susana piohtee

    Hi Richard, As always, your blog is appreciated. Totally support all you say, and would like to add a couple of comments: This new worldview that you refer to has been expected for a long long time and it is absolutely uplifiting to feel and hear and see it actually happening NOW. Sometimes is is referred to as New Earth; or I like Charles Eisenstein’s expression ‘the more beautiful world our hearts know is possible’.
    And, two words to add to your list: love and compassion. Bestest, Susana

    Reply
    1. Richard Post author

      Hi Susana
      Thanks for your encouragement. Many struggles ahead, but I think a growing number of people are united in a sense of hope, peace and collaboration.

      Reply

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