Neoliberalism

The UK has had seven prime ministers in the past decade, most of whom assumed power through party selections rather than general elections. The average tenure is two years, with Andy Burnham becoming the seventh prime minister since David Cameron, highlighting a pattern of political instability.

A new book by John McDonough, 'America’s Wrong Turn: US Health Care in the Neoliberal Era,' argues that America's expensive and underperforming health care system resulted from neoliberal policies starting in the 1980s. The book examines how deregulation, market-driven approaches, and industry consolidation worsened health care outcomes, with private equity's financialization of health care as a key factor.

Andy Burnham becomes the UK’s new prime minister and prioritizes fixing the economy, which faces sluggish growth, high public debt, and elevated borrowing costs. He pledged to reverse four decades of neoliberalism and increase state involvement in housing, transportation, and public services, though financial constraints may limit his actions.

The article discusses the end of neoliberalism, attributing its downfall to the virtues of cosmopolitanism and competition it promoted.