Revenge of the Rich

Discover the profound insights of 'Revenge of the Rich' by Austin Mitchell, a critical examination of the neoliberal economic policies that have shaped our society over the past three decades. This engaging paperback, measuring 210 x 270 mm and comprising 116 pages, dives deep into the adverse impacts of neoliberalism on the welfare state and social equity. Written by a former Labour MP for Grimsby, Mitchell draws on his first-hand political experience to articulate a compelling argument about how these policies have disproportionately benefitted the wealthy while neglecting the needs of the average citizen. He critiques the so-called 'trickle-down' economics that promised prosperity for all but instead led to increased inequality in both New Zealand and the UK. Alongside providing a thoughtful analysis of Thatcherism and Rogernomics, Mitchell reflects on the lessons learned from this economic experiment and offers potential pathways to a more equitable society. Ideal for anyone interested in politics, economics, or social justice, this book provides essential perspectives that challenge the status quo and inspire change. By exploring this essential reading, you not only gain knowledge about contemporary economic issues but also empower yourself to advocate for a fairer society. Don't miss out on this essential critique that is perfect for scholars, activists, and anyone passionate about understanding the forces shaping our world today.

Author: Austin Mitchell Publisher: Canterbury University Press
Bind: paperback
Dimensions: 210 x 270 mm
Pages: 116
Publication Date: 01-06-2017

In his down-to-earth and lively style, Mitchell, who experienced politics first-hand as a long-serving Labour MP for Grimsby, denounces the economic policy of the last three decades as “a long march down Dead-End Street” - a neoliberal experiment that has benefitted the rich and eroded the “good society” with its welfare state and governments’ commitment to the betterment of the people. He charts the development of a neoliberal creed, market-driven and with governments devoted instead to efficiency, cost-cutting and austerity at the people’s expense, and draws parallels between Thatcherism in the United Kingdom, Rogernomics in New Zealand, and all that came after them. Mitchell observes how neoliberalism has failed to deliver on its promises, including that of the “trickle-down” effect, resulting in much greater inequality in both countries. Ultimately, he finds useful lessons in its failure and possible pointers to a fairer society for all.