After a decade of crisis and austerity, the neoliberal consensus has come to an end. In this video, James Kilby discusses the history of the failed capitalist models of neoliberalism and globalisation.
The Brexit vote and the election of Donald Trump are symptoms of the established world order breaking down. The centre ground has collapsed and the threat of protectionism looms.
Corbyn and Sanders, meanwhile, reflect the radicalisation that is taking place to the left. Austerity and privatisation have been discredited. Workers and youth are looking for an alternative to the neoliberal model.
In this talk from the 2017 October Revolution festival, James Kilby discusses the history of neoliberal ideas and policies, explaining how they came about following the 1970s world crisis and the end of the post war Keynesian consensus. One decade on since the 2008 crash, the neoliberal consensus is now broken also. The only alternative is socialist revolution.