Mass indebtedness and sky-rocketing unemployment, show that capitalism, or at least the market fundamentalist variant of it peddled first by Thatcherism and then copied by New Labour, cannot serve the needs of ordinary working people.
The three decades of market fundamentalism (1979-2009) are ending as they began; i.e. with mass unemployment and human misery.
The Labour Party at one time sought reform: to bring about greater equality and security for ordinary working people. Tony Blair and New Labour betrayed that goal and turned the Labour Party into a vehicle for market fundamentalism – and a servant of business interests.
People today are left without hope.
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