Published: 29th Nov 2016

A derelict pub in the centre of Pontypool, recently restored as a co-working office and residential units We can no longer rely on mainstream economic thinking to solve the problems of places, says Dr Mark Lang There is something wrong with economic policymaking – its called ‘neoliberalism’. For years many people sought to deny its existence, but over the last 35 years it has become the dominant economic narrative across the UK and beyond. So ingrained has it become, that, until recently, it has been difficult to disaggregate it from broader understandings of capitalism. Since 2008 however, the harm and inequality that it causes has become more readily accepted, including within institutions like the International Monetary Fund. Figures from the OECD show the share of the top 1% of income earners in the UK grew from 6.1% in 1981 to 12.9% in 2011, and the JRF … (To read the full article, subscribe below)