Ownership Matters

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The Labour Party of United Kingdom is probably the first political party to oppose neo-liberalism because of “anaemic growth, stagnant wages and productivity, stark inequality, low investment, indebted consumer, frequently bubbling asset” and climate severity ( Lawrence, Pendleton and Mahmoud, 2018 ).  According the New Economic Foundation “The flaws in the neoliberal model came to a head 10 years ago during the great financial crisis and resulting economic crash. Since then, profound structural changes have been few and far between. Instead the broken economy has lumbered on zombie-like, leading to greater inequality and a growing political tension between a relatively narrow, elite group of winners and those whose living standards have stagnated.” Continue reading full post…

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