How North Sea Oil Shaped Britain’s Economy
When Thatcher’s government inherited the emerging riches of North Sea oil, it pioneered ‘carbon neoliberalism’ – a model of managing public goods for private interests that soon became the norm.
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Brett Christophers is a political economist and economic geographer. He is the author of Rentier Capitalism and The New Enclosure, which won the Isaac and Tamara Deutscher Memorial Prize.
When Thatcher’s government inherited the emerging riches of North Sea oil, it pioneered ‘carbon neoliberalism’ – a model of managing public goods for private interests that soon became the norm.