This set the scene for legitimising subsequent decisions to authorize a massive transfer of public money into the private banking system, in exchange for almost a decade of severe welfare cuts and state retrenchment of
public services across Europe and around the world.
UK ministerial and shadow ministerial proclamations of working together to build a more ‘responsible’ (Miliband, 2013) and ‘moral’ (Cameron, 2012) form of capitalism were hastily redefined to include pushing forward an agenda that
understood establishing economic sustainability in the narrow sense of still more public sector cuts and privatisation…