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Rule by the rich: Western governments are oligarchies, not democracies

Geopolitical Economy Report

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Neoliberal Austerity and Oligarchy

This chapter critiques the effects of neoliberal austerity measures in Western democracies, particularly in the UK and France, highlighting how policies favoring the wealthy have exacerbated poverty and inequality. It argues that current political systems function as oligarchies, driven by elite capitalist interests rather than serving the needs of the general populace.

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