Tag Archives: Barack Obama

An ideology that undervalues the common good

In a recent speech Barack Obama talked about “an ideology that undervalues the common good.” He is referring to an ideology that came to prominence in the UK and the US and has underpinned politics and economics in Britain and America for the past 35 years. Its concepts have become mainstream ideas and it is now the dominant economic theory taught in universities. This post is a brief outline of the development and impact of the ideology, followed by some examples of its renewed influence in Britain in recent years.

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