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Economic Crisis

BRITAIN’S BROKEN ECONOMY – AND HOW TO MEND IT

The New Political Economy Network

FREE TO DOWNLOAD

There is no cast-iron law that states that crises of capitalism end in victories for the left – and certainly not in Britain. And yet this is not a Conservative moment – it is clear that the Coalition has no viable plan for rebuilding the economy. The problem is that Labour does not have one either. The task for Labour now is to come up with a vision of a moral economy based on decent jobs, good homes, stable pensions and fair finance. This e-book is the story of how Labour might begin to do this.

Foreword by Larry Elliott
Afterword by Jon Cruddas MP

The following contributed to the e-book:
Aditya Chakrabortty, Tom Clark, Ismail Eturk, Julie Froud, Sukhdev Johal, Stewart Lansley, Adam Leaver, Toby Lloyd, Mick Moran, Richard Murphy, Howard Reed, Jonathan Rutherford, Duncan Weldon, Karel Williams

Published by Soundings and supported by The Guardian and the Barry Amiel Norman Melburn Trust

Details at: http://www.lwbooks.co.uk/ebooks/BritainsBrokenEconomy.pdf

For more information on Soundings visit our website

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

Rikowski Point: http://rikowskipoint.blogspot.com

One Comment

  1. _______________________________

    Tract on Monetary Reform
    _______________________________

    Our economy is slowly dying, your job, lifestyle are dominated by anxiety.

    The economy is kept alive artificially.

    No one is proposing a solution because no one has the slightest idea of why it is happening and many have vested interest in the present system.

    However an objective observation of the phenomenon can help us understand it and provide us with an innovative solution.

    Of course we can’t solve the problem with the tools that brought us there in the first place and we need a new ideology.

    _______________________________

    – Do you feel that your ideology pushed you to make decisions that you wish you had not made?

    – Well, remember that what an ideology is, is a conceptual framework with the way people deal with reality. Everyone has one. You have to — to exist, you need an ideology. The question is whether it is accurate or not. And what I’m saying to you is, yes, I found a flaw. I don’t know how significant or permanent it is, but I’ve been very distressed by that fact.

    – You found a flaw in the reality…(!!!???)

    – Flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak.

    – In other words, you found that your view of the world, your ideology, was not right, it was not working?

    – That is — precisely. No, that’s precisely the reason I was shocked, because I had been going for 40 years or more with very considerable evidence that it was working exceptionally well.

    _______________________________

    In order to alleviate those economic woes wee need to create, as fast as possible, a new credit free currency that will solve the credit crunch and bring incremental jobs, consumption and investments to the present system.

    An Innovative Credit Free, Free Market, Post Crash Economy
    A Tract on Monetary Reform

    It is urgent if we want to limit social, political and military chaos.

    _______________________________

    Is the fulfilment of these ideas a visionary hope? Have they insufficient roots in the motives which govern the evolution of political society? Are the interests which they will thwart stronger and more obvious than those which they will serve?

    I do not attempt an answer in this place. It would need a volume of a different character from this one to indicate even in outline the practical measures in which they might be gradually clothed. But if the ideas are correct — an hypothesis on which the author himself must necessarily base what he writes — it would be a mistake, I predict, to dispute their potency over a period of time. At the present moment people are unusually expectant of a more fundamental diagnosis; more particularly ready to receive it; eager to try it out, if it should be even plausible.

    But apart from this contemporary mood, the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.

    Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.

    Not, indeed, immediately, but after a certain interval; for in the field of economic and political philosophy there are not many who are influenced by new theories after they are twenty-five or thirty years of age, so that the ideas which civil servants and politicians and even agitators apply to current events are not likely to be the newest. But, soon or late, it is ideas, not vested interests, which are dangerous for good or evil.

    _______________________________

    Credit Free Economy
    More Jobs, No Debt, No Fear.
    Prosperous, Fair and Stable.

    _______________________________


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