The social obligations and reciprocity that once bound together the elites and the people, the better off and the poor, have broken down. [...] The process of gentrification in the cities makes housing unaffordable, pushing out the children of the local population and further eroding a sense of community and belonging. [...] The English regions outside of London and the south have productiv- ity levels akin to poorer regions in central and eastern Europe or the southern US states.5 The uneven shift from a manufacturing to a service-based economy, globalisation and technological change have underpinned the long-term growth of regional inequalities in the UK. [...] The US’ trade war with China, the UK’s attempt to leave the European Union, and the ongoing deadlock in interna- tional institutions like the World Trade Organisation are all 34 Taking on the system clear signs that the world is moving away from the model of liberal globalisation pursued since the 1980s. [...] The most obvious indicator of financialisation in the UK is the dramatic increase in the size of the finance sector itself.
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