Tony Blair and the Globalisation of British Capitalism (1997-2008)
Автор: The Global Political Economy (GLOPE) Lab
Загружено: 2026-01-12
Просмотров: 49
Описание: This episode analyzes the political economy of the Tony Blair's Labour era, arguing that the governments of the late 1990s and 2000s prioritized market stability over structural reform. Rather than dismantling the Thatcherite economic framework, Tony Blair’s administration chose to embrace globalization and financial deregulation to fund social initiatives through tax revenues. This strategy centered the City of London as Britain's primary growth engine, leading to an economy heavily reliant on private debt, rising property values, and financial services. While this approach initially produced a decade of perceived prosperity, the source suggests it created a fragile foundation that left the nation uniquely vulnerable to the 2008 financial crisis. Ultimately, it critiques New Labour for treating capitalism as a manageable tool rather than a system requiring fundamental transformation, resulting in a legacy of geographic and economic inequality.
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