analysis

A postgraduate student at Sussex university assesses the future facing graduates.

Neoliberal ideology is a crock of shit and everyone left of Labour knows it. Critics have pointed out its flawed assumptions regarding perfect competition, consumer access to information, human nature and a host of other factors that nowhere apply in the real world. They’ve also pointed out that where neoliberal policies have been applied, the results have often been disastrous and rarely matched the promised outcomes of prosperity for the rich and trickle down for the poor. One famous example was the so-called J-curve model for transitioning the former USSR to Western-style capitalism. The ‘J’, a small downswing in transition followed by a long upswing when neoliberal policies worked their magic, turned into something more resembling an ‘L’, plunging millions into worse poverty than before.

And then there’s the cuts.

The Millbank riot and some of the subsequent student protests have been widely condemned in the media as the actions of a 'violent minority'. NUS president Aaron Porter infamously described the riot as ‘despicable’. Property destruction, we were told, undermined the message of the NUS’ peaceful protest. This was the behaviour of ‘anarchists’, outsiders hijacking what would otherwise be respectable political protest in a liberal democracy. But liberals would do well to reflect on their own glass house before casting such rhetorical stones.

After the failure at the polls, much attention from socialists and trade unionists has fallen upon the possibilities of working class political representation. While some talk of ‘reclaiming’ the Labour Party for the workers movement, others feel this party has had it’s day, and a replacement is needed. The Trade Unionist and Socialist Coalition (TUSC) can in many ways be seen as the springboard for the latest such attempt  – coming on the heels of past attempts, such as Arthur Scargil’s Socialist Labour Party.