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Customer Reviews:
Avg. Customer Rating: 4.0 / 5.0
Overly Biased This is one of those books that preaches to the converted. There are many unspoken assumptions used within the books (commerce = bad, risk=bad, regulation=good, profit=evil).
If you agree with them it's fine, but you can see some significant examples of double standards in terms of challenging sources (believing lefty people more than righty people). Some good points, but overall quite difficult to read if you don't agree with the authors' original viewpoint.
Excellent analysis of a system in crisis In this brilliant book, Larry Elliott, the economics editor of the Guardian, and Dan Atkinson, the economics editor of the Mail on Sunday, explain why the economy is in such a mess. Previously, strong unions, progressive taxation, managed trade and controls on capital and immigration produced higher living standards for the majority. As the authors note, "A fifth factor, immigration controls, also contributed to rising real incomes of blue-collar workers." Now the opposite policies are producing... more info
Market meltdown coming to a town near you... Having read the authors' previous effort 'Fantasy Island', which was a well written, if devastating, critique of New Labour's failed agenda, I must admit to being a little disappointed with their latest book. Not so much in terms of what they are saying - which I believe to be another accurate assessment, this time of the the economic mess the Western World is in, indeed just how much worse things are likely to get - and it isn't looking good - but in terms of style. They have chosen to use metaphor instead... more info
Accurate diagnosis This is an important book. It's a follow on from Fantasy Island but this time it's a fantasy world. The book begins slowly with a forensic deconstruction of current problems. It's detailed, and not the easiest reading. However it summarises down to the fact that money has been created and lent beyond the worth of assets and incomes. The scale of this, and the hiding of it in obscure off balance sheet transactions, is a scandal, that will come home to roost. Inevitably there will be a devaluation from... more info