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Pringle links ‘rise of extremism’ to ‘neoliberal capitalism’ and rising inequality
Derry Journal
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01/05/2024
Pringle links ‘rise of extremism’ to ‘neoliberal capitalism’ and rising inequality
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00:00
Fuel prices are only one aspect of the overall financial strains faced by families who come
00:04
to my offices in Donegal.
00:06
Put this alongside a massive increase in the cost of food, increased insurance costs, ever
00:12
increasing electricity, phone and internet charges and the inability to afford to rent
00:17
or buy their own homes, it is leaving so many people with a deep sense of helplessness and
00:22
despair.
00:23
Primarily it is driven by the policies pursued by successive governments under Fianna Fáil
00:28
and Gail, blindly praying at the altar of the false gods of neoliberal capitalism and
00:33
the free market racketeering fallacy that is rapidly increasing inequality in our society.
00:38
The rise of extremism across Ireland is a direct consequence of these policy decisions
00:42
by this government.
00:44
In Donegal and the other border counties, as well as pushing so many families to the
00:48
brink, it is having a secondary effect on many small businesses in the fuel retail sector
00:52
where, when I checked today on my way to Dublin, the cross-border divergence in prices at the
00:58
pumps was from 10 to 18 cents a litre.
01:01
Many of these businesses have written to the Minister directly and in cases that have come
01:04
across my desk have not received the courtesy of a reply until prompted by myself through
01:09
parliamentary questions or follow-up with the Minister's office.
01:13
The fact that he keeps constantly referring that we are on some sort of neoliberal agenda
01:17
really has to ask me has he actually even read anything about neoliberalism because
01:23
if I am a neoliberal my year spent studying political science was for nothing because
01:28
it is so wild but it's an easy trope to throw around a chamber with someone you simply don't
01:32
disagree with and when you'd want to diminish the very real factors of the inflation rate
01:36
Ciarán Hearlech fell to 1.6% in April, its lowest rate since June 2021.
01:42
An average inflation rate of 2.1% is expected for the year as a whole and key to this will
01:47
be continued decline in energy prices as wholesale gas cuts are passed through to consumers and
01:52
I think every deputy has to acknowledge that when it comes to wholesale gas cuts that there
01:56
is a lag.
01:57
If we fail to acknowledge, if we just take the wholesale price of today and say that
02:01
should be the price that people are receiving in their bills today we're not realistically
02:04
understanding how the energy market works and how it gets from the field to the house.
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