1. new economics foundation
the 1% economy
new economics foundation

2. why are we all in this room?

3. the economy isn’t working
national income per person still 13% below pre-crisis levels
income inequality growing faster in UK than any other rich country
highest youth unemployment on record

4. no one is spending, so no one is earning
tracing the story back
recession
no one is spending, so no one is earning

5. tracing the story back
the credit crunch

6. tracing the story back
the credit crunch
household debt as % of income

7. tracing the story back
wage squeeze

8. tracing the story back
collapse of keynesianism

9. tracing the story back
collapse of keynesianism

10. core elements of neoliberalism
roll back frontiers of the state
wage squeeze
expansion of credit

11. the neoliberal bargain
rising house prices
low tax
cheap food
privatisation of state industries
FOR
pensions
wage squeeze
light touch regulation
cheap consumer goods
cheap credit

12. problems with the bargain
rising debt
UK debt liabilities

13. problems with the bargain
environmental pressure
global emissions of fossil fuels

14. problems with the bargain
widening inequality
average income over time

15. problems with the bargain
widening inequality
average property wealth after mortgage

16. problems with the bargain
widening inequality
average property wealth after mortgage

17. problems with the bargain
stagnant well-being
life satisfaction and gdp over time

18. the neoliberal bargain
rising house prices
low tax
cheap food
privatisation of state industries
FOR
pensions
wage squeeze
light touch regulation
cheap consumer goods
cheap credit

19. everything is back on the table

20. people are asking fundamental questions about the economy