50 Shades of Neoliberalism

The Green Party’s 2015 Election Broadcast is spot on – David Cameron, Nick Clegg, Nigel Farage and Ed Miliband all singing to the same tune. And that tune is neoliberalism. Whilst having many definitions neoliberalism is a form of capitalism typified by a laissez faire approach to economics that prioritises privatisation, free trade and austerity. Neoliberalism is also underpinned by an adversity to state intervention, unless that state intervention is designed to facilitate privatisation, free trade and austerity.

The Green Party’s music video shows Ed Miliband being tempted to join the other ‘old boys’ reminding us that once upon a time Labour stood for a neoclassical  approach to capitalism – one that encouraged state intervention in economics and championed workers rather than bosses. Unfortunately for neoclassicalism New Labour happened and as Margaret Thatcher – arch neoliberal – once said, her greatest achievement was Tony Blair. He set the ball rolling for Labour’s adoption of neoliberalism.

So it seems that when we’re asked to vote on politics come May what we are inevitably voting on is economics. Be it Tory, Lib Dem, Ukip or Labour, all are just different shades of neoliberalism, with some making tokenistic gestures towards alleviating poverty whilst others roll back the state faster and harder. But the Greens aren’t grey and are questioning these economic paradigms. Paradigms that have been so embedded in our culture over the past few decades that they seem like immutable truths.

But just as one globally popular boyband will inevitably be  replaced by another so too can the economic status quo shift. It’s just that we’re the ones that are going to have to vote on it.

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