the 1 economy new economics foundation why are

the 1% economy new economics foundation

why are we all in this room?

the economy isn’t working national income person still 13% below pre-crisis levels highest youth unemployment on record income inequality growing faster in UK than any other rich country

tracing the story back recession no one is spending, so no one is earning

tracing the story back the credit crunch

tracing the story back household debt as % of income the credit crunch

tracing the story back wage squeeze

tracing the story back collapse of keynesianism

tracing the story back collapse of keynesianism

core elements of neoliberalism roll back frontiers of the state wage squeeze expansion of credit

the neoliberal bargain rising house prices low tax cheap food privatisation of state industries FOR pensions wage squeeze light touch regulation cheap credit cheap consumer goods

problems with the bargain rising debt UK debt liabilities

problems with the bargain environmental pressure global emissions of fossil fuels

problems with the bargain widening inequality average income over time

problems with the bargain widening inequality average property wealth after mortgage

problems with the bargain widening inequality average property wealth after mortgage

problems with the bargain stagnant well-being life satisfaction and gdp over time

the neoliberal bargain rising house prices low tax cheap food privatisation of state industries FOR pensions wage squeeze light touch regulation cheap credit cheap consumer goods

everything is back on the table

people are asking fundamental questions about the economy