Thursday, 15 June 2017

Neoliberalism with Reference to the UK and Jeremy Corbyn

In order to understand a situation, such as Jeremy Corbyn's rise and treatment, it is beneficial to see it in context.

Neoliberalism means unregulated capitalism and the privatisation of public services.

With neoliberalism individuals can accumulate more and more money because the state or government doesn’t have restrictions in place to evenly distribute a nation’s wealth. For example, billionaires can avoid paying tax easier under neoliberalism and public services are sold off to the wealthiest among us, who can then financially benefit from them.
Richard Branson, Alan Sugar, Rupert Murdoch and Donald Trump are examples of business-men who have benefited from neoliberalism, as they have been able to amass obscene amounts of money with few restrictions and have financially benefited from the privatisation of public services. Branson, for example, has made a lot of money from the privatisation of Britain's railways and healthcare system.

There is a clear reason why figures like Branson, Murdoch and Sugar are so vehemently opposed to Jeremy Corbyn becoming PM.

Corbyn and his party want to distribute wealth a little more evenly and are against the privatisation, the selling off, of public services.

Corbyn genuinely cares for the many and disagrees with high concentrations of wealth.

The Conservatives, on the other hand, were originated by and for the elite and (in spite of lies, rhetoric and spin) still are for the elite. This is why they have the backing of Murdoch and the billionaire-owned press. This point is abundantly, face-punchingly clear in the fact that David Cameron’s Conservative government started austerity.

Austerity takes desperately-needed money from our public services - healthcare, welfare, social care, education, police, armed forces - yet allows the rich to increasingly amass excessive amounts of money.

Corbyn wants corporations and the wealthiest 5% to pay a little more tax, wants to clamp down on tax avoidance and supports the Leveson report investigating corruption in the media. These are probably the main practical reasons that Murdoch and the billionaire-owned press despise Corbyn.

Neoliberalism hasn’t worked. It led to the financial crash of 2008, has heightened class inequality (more poverty and a higher concentration of wealth) and, because it is inherently individualistic, has engendered an unhappier, lonelier society.

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