Perfectly Sensible Ideas From The ‘Radicals’ Sanders And Corbyn (Part 1): Making The Minimum Wage A ‘Living Wage’

For years, the major parties on the left in the anglophone world have adopted a policy of “neoliberal lite” in the economic arena. Serious challenges to the neoliberal paradigm of deregulation, privatization, tax breaks for corporations and the wealthy, and (alleged) “free” trade have been less than forthcoming. That is, until recently. The presidential campaign of Bernie Sanders in the United States, on the one hand, and the election of Jeremy Corbyn as leader of the UK Labour party, on the other, represent a serious challenge to this prevalent neoliberal orthodoxy in those countries, with economic policies which would move their countries substantially toward the left.

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