From Hell, Hull and Halifax, good Lord deliver us
-16th Century beggars’ prayer.
Last week The Economist recommended that the government cease trying to revive declining northern towns and leave them to die. The main example of such a town, where further intervention was deemed to be useless, was Hull, but the magazine also mentioned a number of others, including Burnley. The Economist is the magazine of capitalist economic orthodoxy in this country. Its stance is consistently Neo-Liberal, and the policies it has always demanded are those of welfare cuts and the privatisation of everything that isn’t nailed down. It has loudly supported the IMF’s recommendations of these policies to the developing world. Some left-wing magazines and organisation like Lobster have pointed out that the IMF’s policies effectively constitute American economic imperialism, citing the IMF’s proposals to several South and Meso-American nations. These were not only told to privatise their…
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