Skip to main content
Advertise Buy the paper Contact us Shop Subscribe Support us
Centrism is dead: welcome to the world of state-backed corporatism
The left must call out the fact that BlackRock and private billionaires have merged with the state apparatus as our leaders abandon any pretence of there being a ‘free market’ for direct and overt corporate control, writes JOE GILL

FOR many years, socialists have been predicting the imminent death of neoliberalism — the system of finance capitalism that has dominated the world since the late 1970s and ’80s.

Today, Donald Trump is promising tariffs across the board against Canada, Mexico, China and Europe. Keir Starmer’s Labour is going to renationalise trains and launch GB Energy, a state-backed energy company. Far-right populism is on the march across Europe.

Have we finally arrived when the era of liberalised global markets, privatisation and anti-union laws can be declared over?

Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
More from this author
Features / 14 October 2024
14 October 2024
A Tory-lite Labour Party is clearly unpopular with the electorate who are desperate to see actual improvement to Britain’s decimated public services, writes JOE GILL
Features / 27 August 2024
27 August 2024
Last week’s Democratic National Convention showed Harris is offering more of the same war agenda as Biden, writes JOE GILL
Features / 5 February 2024
5 February 2024
The analysis of the pioneering anti-colonial writer is still relevant in today’s war in Gaza. The parallels between the Algeria liberation war and the West’s conduct today are many, writes JOE GILL
Features / 16 November 2023
16 November 2023
In light of the brutal onslaught on Gaza, we cannot expect Palestinians to accept a two-state solution, writes JOE GILL
Similar stories
Features / 4 December 2024
4 December 2024
CLAUDIA WEBBE argues that Labour's recent love-in with BlackRock and LinkedIn amply demonstrates that privatisations are on their way and in their wake comes more pain and misery
Features / 2 December 2024
2 December 2024
Undaunted by Big Oil success, ALAN SIMPSON looks at alternatives to lack of courage and imagination stifling the Labour government and it policies
Features / 2 July 2024
2 July 2024
This new plan may be one of Starmer’s avowed priorities in government, but he and Scottish Labour leader Anas Sarwar have given conflicting accounts of how it will actually work. COLL McCAIL reports
Features / 15 March 2024
15 March 2024
SOLOMON HUGHES warns Reeves’s proposed national wealth fund hands City financiers control over billions in public money for big business — and we get... to pay!