By William K. Black
Quito: May 17, 2015
One of the great ironies is that just as neo-liberal economics and “modern finance” were falsifying each of their core claims Tony Blair led New Labour to embrace both dogmas. The result was a double economic catastrophe and it also led to the defeat of New Labour at the polls. I have already explained how Blair’s and Gordon Brown’s embrace of the most criminal and corrupt elements of the City of London (and their dogmas) and their resultant unholy war on financial regulation caused the UK financial crises and the UK’s Great Recession.