chapter  9
The 2008 financial crisis
A crisis of neoliberalism or just another financial crisis?
BySuzanne J. Konzelmann
Pages 30

Fear – always an influence in the insecurity cycle – arose from the possibility that the 2008 crisis might cause a complete meltdown in the international financial system. Laissez faire policies have had generally consistent outcomes, as by extension do largely "free" markets. The European Union (EU) referendum may yet have further implications for the insecurity cycle, as well as perhaps contributing to Labour's distinctly ambivalent approach to the question of EU membership. Erika Uyterhoeven had been the national out-of-state organising director for Bernie Sanders's campaign; and at thirty, like many within Momentum, she was young. As during the nineteenth century, competition for lower-and semi-skilled employment has put downward pressure on wages and conditions, increasing employment insecurity. With the fall of the Soviet Union in 1992, not only was seventy-five years of communist threat removed. Free market capitalism could then argue that it had proven itself to be the only viable model of the economy.