Europe in the Iron Grip of Neoliberal Fiscal Discipline and Anti-Labor Measures http://www.truthout.org/europe-iron-grip-neoliberal-fiscal-discipline-and-anti-labor-measures60177

Under neoliberalism, politics has surrendered power to the wealthy elite and to the financial markets and institutions.Neoliberalism has allowed the liberalization of labor rules, privatization of state assets, budget cuts in social programs, public education and public health.

It as protected sharp tax cuts for the rich, real estate, banks and financial transactions. It has worked to strengthen the penal state. It has supported the penalization of poverty and criminalization of many social movements resisting the collapse of the public sphere.