Neoliberalism or neo-liberalism[1] refers primarily to the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism.[2]:7 Such ideas include economic liberalization policies such as privatization, austerity, deregulation, free trade,[3] and reductions in government spending in order to increase the role of the private sector in the economy and society.
Benn equates it to modern day slavery. Industry is run by a small wealthy elite for profit. We are all put into debt so that we have no option but to serve the machine.
This is a great little speech.
I saw Tony Benn about ten years ago and he was brilliant. This sums it up for me.