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Review: “Money and Government: A Challenge To Mainstream Economics” Robert Skidelsky

Posted by in Development, Economics, History, Politics, Reading

This is an excellent, if dry book, but it suffers in comparison to the more politically focused books reviewed above because it aims for a new understanding of Keynesian economics as an antidote to failed neoliberalism. Reading economics, even good economics, just reminds me how general economics is, how easy it is for models to be more linked to currently fashionable ideologies then the messy complexity of our real world. Still, someday perhaps economics departments may again include significant sections which are not dependent on consultancy to business and which…read more

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Review: “The End of Alchemy: Money, Banking And The Future Of The Global Economy” Mervyn King

Posted by in Development, Economics, History, Politics, Reading

King wrote his book immediately after retiring as governor of the Bank of England. He sets the tone on page one with an evocative quote: “Where is the wisdom we have lost in knowledge?/ Where is the knowledge we have lost in information?” (TS Eliot). Despite – or because? – he was so close to the London financial sector’s undermining of corporate productivity and pillaging of global government tax revenues, his proposals for new central bank approaches are both practical and egalitarian. Changing The Banking Rules A central recommendation is…read more

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Review: “The Production of Money: How To Break The Power Of Bankers” Ann Pettifor

Posted by in Activism, Development, Ecology, Economics, Feminism, History, Politics, Reading

This is a short and unusual book, very down to earth, while aiming to provide a concise and coherent explanation of today’s complex global banking system. For political analysts, her comparative analysis of the UK’s many weird alternatives proposals for quantitative easing is particularly interesting – it seems that in the UK everyone would like a piece of the “free” money. And she manages to connect banking reform to global development, feminism and climate change! Pettifor begins with this summary: “So what is to be done by the forces of…read more

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Review: “Bean Counters: The Triumph Of The Accountants And How They Broke Capitalism” Richard Brooks

Posted by in Development, Economics, History, Politics, Reading

This book will really open your mind to the fragility and corruption of modern corporations. Brooks traces the path of today’s Big Four accounting firms – who audit nearly all of today’s top 100 UK-listed firms –  from their humble origins as honest external auditors for business to today’s role as the drivers of corporate tax avoidance, shareholder wealth maximisation, and the race to the bottom called national competitiveness. The first western ancestor of today’s accountants was the Italian mathematician Fibonacci, who brought Arabic counting methods to the west in…read more

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Review: “The Crash” Photos by Stephen McLaren

Posted by in Activism, Culture, Economics, History, Politics, Reading

Seeing these photos of real life in the City of London puts faces to the complex story of global financial takeover by focusing on England’s financial centre between 2008 and 2012. In the author’s words: “It’s the summer of 2008 and whispers of an impending financial meltdown carry in the wind. Walking from home in Bethnal Green to the City of London with a camera and a newspaper feels like a posting to the front lines. Skirting Paternoster Square I notice the stockmarket’s scrolling LEDs have RBS and Lloyds shares…read more

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Where did Brenton Tarrant come from?

Posted by in Activism, Comment, Culture, Development, History, Politics

From a complex mix of 1) mainstream acceptance of racist attitudes in Australia 2) poor prospects for young people in an increasingly unequal world 3) travel through europe funded by bitcoin-related speculation, where he misunderstood France’s migrant history (confusing french colonialism’s long history of foreign-born citizens with recent refugee inflows). I’m not sure the push to suppress his manifesto is a wise one. Good people like New Zealand’s prime minister Jacinda Ardern (who relatively-speaking is on the side of a more egalitarian future) say we must clearly proclaim this type…read more

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