The article reflects on the historical and ongoing consequences of neoliberal economic policies as advocated by the World Bank and the IMF, particularly the Washington Consensus. Initially protested in the global south, these policies are now evident in the UK, where governments have embraced privatization and foreign investment. The author highlights the alarming reality that 38% of Britain’s business turnover is now through foreign-owned companies, predominantly benefiting US multinationals. This shift has significant implications for national sovereignty and economic stability, echoing past concerns about inequality and external dependency.
In 1994, I joined a march protesting against how the World Bank and the International Monetary Fund backed by the US were forcing governments in the global south to follow...
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