Neoliberalism and ruthless privatization has brought us dire inequality. The antidote lies in a strengthening of the social and economic rights that flourished in the postwar years
Ed Broadbent is former leader the New Democratic Party, founding president of Rights and Democracy, and founder of the Broadbent Institute. He is the co-author of Swith Frances Abele, Jonathan Sas and Luke Savage.
In our time of increasing inequality, the top 1 per cent have become even richer. Many of these affluent Canadians see this as the result of their personal virtue rather than what it is – the inevitable consequence of the neoliberal model of capitalism. Many members of the elite then call for further reductions in state regulation and taxation, claiming this leads to more freedom.
But in 1979 and 1980, Margaret Thatcher and Ronald Reagan launched four decades of a political movement that resulted in, among other things, the slashing of social spending and a program of ruthless privatization around the globe. Our current situation is the result.
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