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After a blizzard of atheist polemic comes a devastating assault on the faith-based thinking that really does poison everything – the delusion that markets can, unaided, create heaven on earth...In Britain and the United States a very strange sect has seized power. They believe that we can all reach financial paradise, if only certain sacrifices are made. There must be deregulation, there must be privatization, and markets must be left unmolested, the better to perform their magic. Democratic governments, unions and professionals will all have to accept that there is no alternative. Meanwhile job security, affordable houses and decent public services must wither away in the white heat of financial engineering. A new class has been presiding over this wonderland – the New Olympians. Since the late forties they have been planning their next move in mountaintop meetings that would make Ian Fleming blanch. Now private jets take them where they want to go as they tell the world the good news. But, in the wake of the Northern Rock collapse and the credit crunch, good news is in short supply. In this hilarious and shocking expose Elliott and Atkinson reveal the dogma that has brought us to the brink of disaster, and show us how to escape from the coils of faith-based thinking. The New Olympians have already done huge damage on both sides of the Atlantic. Miners, farmers and industrial workers have so far suffered most. But as market forces bear down on health, education and the professions, the middle classes are starting to feel the squeeze.Markets are not magic. Debt is not freedom. The Gods have failed. It is time to live without them.
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The gods that failed: how blind faith in markets has cost us our future
2008, Bodley Head
in English
1847920306 9781847920300
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The gods that failed: how blind faith in markets has cost us our future
2008, Nation Books
in English
1568586027 9781568586021
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The gods that failed: how blind faith in markets has cost us our future
2008, Bodley Head
in English
1847920306 9781847920300
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A devastating assault on the delusional, faith-based thinking that markets can, unaided, create heaven on earth. Since the late Sixties, control of our economy has passed into the hands of a new elite of super-rich free-market operatives and their colleagues in national and international institutions. These New Olympians, so named because of their remoteness from everyday life and their lack of accountability, are unconcerned with — in fact, hostile to — job security, social tranquility and the traditional middle-class aspiration for both the good life and the quiet life. This group has sought to insulate itself from democratic challenge and to make "irreversible" the legal changes from which it has profited so enormously. Aside from the obnoxious principles involved, the rule of this financial elite has brought not prosperity but sluggish growth in living standards, a debt explosion, and now a major crisis of international proportions as a vast borrowing bubble starts to deflate. Elliott and Atkinson argue that the coming crisis will shatter all remaining faith in the empty dogmas of "shareholder value" and "labour flexibility".
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November 18, 2022 | Edited by ImportBot | import existing book |
November 18, 2022 | Edited by ImportBot | import existing book |
August 31, 2013 | Edited by VacuumBot | Updated format 'E-book' to 'eBook' |
February 3, 2013 | Edited by VacuumBot | Updated format 'eBook' to 'E-book'; Removed author from Edition (author found in Work) |
June 23, 2010 | Created by ImportBot | Imported from marc_overdrive MARC record |