I wrote about the end of neoliberalism and centrism, and what is replacing it. Clue: it's not better, it could be worse. Government by BlackRock and Elon Musk: morningstaronline.co.uk/article/cent... - ThreadSky

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joebythesea.bsky.social • 116 days ago

I wrote about the end of neoliberalism and centrism, and what is replacing it. Clue: it's not better, it could be worse. Government by BlackRock and Elon Musk: https://morningstaronline.co.uk/article/centrism-dead-welcome-world-state-backed-corporatism

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joebythesea.bsky.social•116 days ago

Today, Donald Trump is promising tariffs across the board against Canada, Mexico, China and Europe. Keir Starmer’s Labour is going to renationalise trains and launch GB Energy, a state-backed energy company. Far-right populism is on the march across Europe.

joebythesea.bsky.social•116 days ago

Whether it is a centrist like Keir Starmer or a populist nationalist like Trump, the kind of regime they are building shares common features.

joebythesea.bsky.social•116 days ago

It is authoritarian, with limits on democracy, repression of opposition using counter-terrorism laws, and a wholesale move to direct control of the state by massive private firms.

joebythesea.bsky.social•116 days ago

How is this any different from neoliberalism — the free market ideology that was ushered in with Margaret Thatcher and Ronald Reagan?

joebythesea.bsky.social•116 days ago

The new social contract of the 2020s no longer pretends that the state is a neutral arbiter of market forces. Instead, the state works directly with mega-businesses to invest in major infrastructure, new energy systems, public services and housing.

joebythesea.bsky.social•116 days ago

The state and market are fused into a new form of corporate rule. There is one massive flaw in this economic model. All the profits go to a handful of large companies and billionaire shareholders.

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