David Cameron’s speech this week revealed the neoliberal undercurrents of state austerity

David Cameron’s declaration that austerity should be a ‘permanent’ feature of the British political economy was made in a context that would have made even Marie Antoinette wince. It was a speech which seemed to reveal more the ideological dimension to the deficit reduction agenda. Stripping away the state support of the most vulnerable in society at a time of hardship constitutes the deterioration of welfare system at a time of heightened socio-economic turmoil, writes Dan Bailey.