Neoliberalism has failed: Labour’s ideas are the new mainstream – John McDonnell

Politics and Insights

One of Corbyn’s most important achievements is in extending national debate beyond the limits of neoliberal ideology and challenging the hegemony imposed by Margaret Thatcher. The sell by date of neoliberal dogma was last century, it ought to have expired in Pinochet’s Chile. Yet the Tories continue to flog a dead horse, selling England by the pound, while selling the public very short indeed.

The Tories have frequently shrieked, with vindictive and borderline hysterical relish, that Labour’s pro-social economic policies reflect “fiscal irresponsibility”, but that doesn’t resonate with the government’s calamitous economic record over the past seven years. Nor does it fit with historic facts and empirical accuracy. 

The Labour party were in power when…

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