Privatising British Railways was meant to bring innovation, efficiency, competition and therefore lower fares but the reality, well it’s been very different. The former British Prime Minister and devout neo liberal Margaret Thatcher was in favour of mass privatisation but even she claimed that privatising the British Rail System was ‘a privatisation too far’ but this didn’t stop her successors. So on this program we ask. Was the neoliberal dream of rail privatisation actually the great British train robbery?
The principal objective of the UK tax system, in which the poor pay a higher proportion of tax than the rich, is not to improve the collective well-being of society, but to funnel cash – largely through tax cuts – to the corporate elite. This isn’t free-market capitalism in the formal sense, but socialism for the rich – a form of state capitalism – no different in principle to the old statist economies of the former Soviet Union.