I think we’ve got two things going on at once, resulting in an economy that has embraced the worst of both worlds: bad aspects of “neoliberalism”, or whatever you want to call it (privately/foreign owned utilities, critical industries, infrastructure etc.; virtually non-existent collective bargaining power outside the public sector; an over-reliance on financial/corporate/legal services; low levels of public [and private] investment; extremely open, low-wage, low-productivity economy addicted to imported cheap labour/FDI/imported essentials); AND bad aspects of “bureaucratic statism” or whatever you want to call it (in this case, excessive meddling in private sector on the basis on excessive judicial interpretation of equality law — an example of New Labour-era, legalistic, top-down progressivism rather than post-war social democracy/“socialism”, which was rooted in questions of ownership and institutionalised class power).