The Cost of Inequality
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'Compelling.... the central arguments of Lansley's book - and the solutions he proposes - deserve a wide hearing and an urgent place on the policy agenda.' Times Higher Education Supplement 'Stewart Lansley's The Cost of Inequality exposes the truth about the economic catastrophe that afflicts the western world: neoliberalism has created consumer societies in which millions are so poor that they cannot afford to consume.' Peter Wilby - Book of the Year New Statesman 'Essential reading for anyone who wants to understand the reasons behind the astonishing growth in inequality in the UK and US over the past 30 years and why it helped to bring about the unprecedented economic crisis we are all now facing. Readable, well-argued and a devastating critique of neo-liberal laissez-faire economics that has allowed the growth of a new generation of super-rich Robber Barrons by economist and financial journalist Stewart Lansley.' Nial Cooper, Church Action on Poverty 'Lansley's new work belongs on every people's library shelf in an Occupy movement encampment. Your bookshelf, too.' Too Much --1
Product Description
Why does the modern economy consist of two tracks: a fast one for the super-rich and a stalled one for everyone else? What decisions led to this split three decades ago, and were their goals realised? What is the cost of a two-track economy? Have the real solutions to the 2008-9 crisis been missed? This ground-breaking book, based on years of research, seeks to answer these questions and provide the hard evidence: - for the economic case for dismantling the economy for the super-rich; - that deregulation failed to deliver innovation and economic revival; - for new policies that avoid the looming permanent recession. At a time when top investors such as Warren Buffett call for an end to the coddling of billionaires, this urgent, provocative book provides a radical new way of thinking for ending the economic deadlock.
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Most Helpful Customer Reviews
8 of 8 people found the following review helpful:
5.0 out of 5 stars
A Must Read,
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This review is from: The Cost of Inequality: Three Decades of the Super-Rich and the Economy (Paperback)
This is a must read book. Beautifully written, the author has made economics enjoyable and easy to understand. The book demonstrates that excessive profits over wages and vice-versa will result in an imbalance in the fragile working of the western economic model and lead to the dire consequences of the 1930s, the 1970s and more recently since 2007. The book has many examples of how the greedy 1% seek to invest in high risk financial instruments, despite their wealth generating the highly volatile speculation which the City of London facilitates to the detriment of the other 99%. Whether you agree of disagree with the arguments in this book, it is a great read and highly recommended to anybody who is at all interested in the current state of world economics.
5 of 5 people found the following review helpful:
5.0 out of 5 stars
the cost of inequality --stewart lansley.,
By
This review is from: The Cost of Inequality: Three Decades of the Super-Rich and the Economy (Paperback)
A superb review of the power and importance of money in the world today.As someone curious, but almost totally ignorant of the factors involved, it has given me real understanding of the current global economic crisis. Credible measures to try to tackle the crisis are suggested. A compusory read for all thinking people.
4 of 4 people found the following review helpful:
5.0 out of 5 stars
Outstanding,
This review is from: The Cost of Inequality: Three Decades of the Super-Rich and the Economy (Paperback)
Having just finished this book, I wholeheartedly agree with previous reviewers. It is a must read in that it clearly and comprehensively explains the roots of the financial crises and what can be done. ( And - surprise - squeezing more blood out of the stone isn't the answer.)
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