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Revenge of the Rich - The Neoliberal Revolution in Britain and New Zealand (Paperback)
Loot Price: R296
Discovery Miles 2 960
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(24%)
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Revenge of the Rich - The Neoliberal Revolution in Britain and New Zealand (Paperback)
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List price R392
Loot Price R296
Discovery Miles 2 960
You Save R96 (24%)
Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.
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Austin Mitchell's book is the first comprehensive study of the
rise, fall and consequences of neoliberalism in Britain and New
Zealand, the two countries which adopted the new economics most
enthusiastically, became its poster boys in the eyes of right-wing
economists and media AND suffered the most severe consequences.
Growing up in the affluent years of a post-war settlement which
brought full employment, economic growth and a welfare state to
both countries, Mitchell entered Parliament in 1977 as Labour MP
for Grimsby, just as the Settlement was failing. It fell apart
because of balance of payments problems and the industrial
struggles of what was becoming a zero-sum competition between
social groups. This began the long march down dead-end street,
first in Britain under Margaret Thatcher, then in New Zealand under
Roger Douglas and the 1984 Labour government. Monetarism, the
triumph of markets, the pruning of the state and particularly its
welfare provisions and the belief in tax cuts to incentivise the
wealthy all combined to turn Mitchell's long service in Parliament
into a fighting retreat. The social balance of both countries was
shifted to wealth and finance, away from industry and the people.
The rich took their revenge. Mitchell chronicles the consequences
in low growth, zero-sum politics, growing poverty and increasing
inequality. He demonstrates how neoliberalism has failed to deliver
on its promises and how wealth has trickled upwards not down. He
concludes with the turning of the tide by a peasant's revolt
leading to governmental and policy changes in both Britain and New
Zealand. Ultimately he finds useful lessons in the failure of
neoliberalism and points to a society and an economic policy which
will be fairer for all.
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