Andii אַנדִֽי''North Sea oil and gas revenues surged just as what looked like a government-generated recession hit. Rather than being used to modernise British manufacturing, rebuild infrastructure, or create sovereign wealth for future generations, oil and gas revenues were channelled into funding mass unemployment, cutting taxes for the wealthy, .... Britain burned its future to fund the anti-socialist neoliberal project. "
https://www.taxresearch.org.uk/Blog/2025/11/23/britains-oil-gas-and-finance-curses/
#monetarism #UKpolitics #neoliberalism
https://www.taxresearch.org.uk/Blog/2025/11/23/britains-oil-gas-and-finance-curses/
#monetarism #UKpolitics #neoliberalism
Britain’s oil, gas and finance curses
In 1993, the economist Richard Auty coined the term “resource curse” to describe the paradox that countries with abundant natural resources often grow more slowly and less equitably than those without. The United Kingdom is not usually placed in that category. In my opinion, it should be. What happened to Britain...