Given the dramatic collapse of Britain's banking industry in Autumn 2008, I once again picked up Mr Hutton's work to re-appraise myself of its arguments and to see if its solutions really would have helped us avoid the present crisis.
I was amazed at how well Hutton's critique predicted the shambles caused by removing the regulatory breaks from the once-mighty financial sector. The book picks apart the so-called Thatcherite economic reforms laying bear the true originator of Britain's contemporary economic woes. The argument against laissez-faire capitalism is sharpened by recent events. And surely now there cannot be a voter left who still believes that Thatcher was anything but a very poor, and very damaging Prime Minister.
Hutton lays bear the yawning weaknesses in the British economy forged by both Parties when in government, but particularly by the peculiar COnservative brand post 1979.
Unlike many polemics, this work does not stop at pointing out blame. It provides detailed and workable solutions to even this credit crunch. Europe is key, as well as reclaiming the economy as a tool to benefit ordinary people, rather than allowing it to enrich the already rich and run amok as it has these last 30 years.
A book written in the nineties that is as contemporary today as it was then. A must-read for the economic and political historian.