How Britain’s political economy became locked into asset-driven growth and self-imposed austerity—and why escaping it demands reimagining both democracy and the state. Introduction In the middle decades of the twentieth century, Britain built a mixed economy: one that combined industrial production, collective bargaining, and an expanding welfare state. Today, that settlement feels remote. For many … Continue reading Britain’s “Zombie Austerity”: Financialisation, Fiscal Rules, and the Long Arc from Thatcher to Today