Neo-liberalism has had its day.

There are points throughout history where established cultures near a breaking point. Today is one of those days.

£13 trillion ($21tn) is the rough size of the US’s and Japan’s economies combined. That same £13 trillion (and this actually a conservative estimation) has been hoarded and hidden from tax by a mere (estimated) 90,000 individuals.

I don’t think any one individual can truly comprehend what this £13 trillion could have been effectively used for. To find a cure for cancer, to vaccinate millions of vulnerable people in third world countries, to fund an almost infinite supply of scientific research or to provide free education for millions of children worldwide.

This is what has happened under the culture of neo-liberalism. The right has found it fitting to shift the blame onto “benefit scroungers”. What is apparent instead that this has been a mere smokescreen for a far wider problem. We have also been encouraged to not question and even idolise these “wealth creators”.

As Labour members we must accept that our party had helped facilitate such actions, we’re not innocent in all this.

I can only hope that one day soon, the established culture will finally break.

Max