Another economy is possible – from corporate control to economic democracy

Type: Campaign briefings
Date: 2 September 2014
Campaigns: General

The financial crisis of 2008 made the greed, recklessness and inequality at the heart of our economy clear for all to see. But since 2008, the banks and financial institutions that caused the crisis have grabbed even more power over our society.

Meanwhile, governments have slashed hard-won regulations and social policies designed to protect our rights and wellbeing. And the very basics of life – our health, our education, our environment – are being turned into products for sale and transferred to corporate hands.

The ideology of corporate power that has come to be known as neoliberalism is alive and well. At its heart, neoliberalism is about transferring power from public to private hands by privatising state enterprises, reducing public spending, and removing social and environmental regulations and standards.