Excerpt: /296/ Last-Gasp Neoliberalism (Trussonomics)


On Trussonomics.
Having stumbled upon a successful recipe under Boris Johnson which would see greater state intervention, Britain’s Tories then pivoted to a much more pro-market approach. But the markets haven’t liked it – they’ve hated it.
What does this say about neoliberalism and what the new orthodoxy is? Why did markets react so badly against a budget that featured things they normally like, such as lower rates of corporate taxes? And does this mean the market’s authority has been restored, but under a new guise?

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