So many of the problems we face as a society stem from the way our economy works. But the economy is presented as something technical and dry, or even simply the ‘natural state of things’. It makes it hard for people to understand where power lies, or even to imagine how it could be otherwise. If we want things to be different – and we really need things to be different – we’ve got to find better ways of communicating what’s going on. I’ve chosen some books that do this – to explain how economic decisions are made. And always to point to the possibility of it all being very different and much better.
I wrote...
Pharmanomics: How Big Pharma Destroys Global Health
America’s opioid crisis has woken the world up to just how dangerous the pharmaceutical industry can be. But the problem goes deeper than one family’s ruthless profiteering from a highly addictive drug. In fact, ‘Big Pharma’ is failing nearly all of us. Addicted to sky-high profits, these corporations are not providing the medicines we need at a price we, or our health systems, can afford. Rather, the industry has become a cash machine for superrich investors, while many millions go without the medicine they need. But there are changes afoot, pointing the way to a very different and more democratic way of making medicines.
In the late 1990s, a new type of economy was being born, one dominated by massive corporations, whose logos were increasingly ubiquitous, and who were driving a culture of consumerism among young people.
Klein traced this corporate dominance to a new form of capitalism in which corporations were becoming ever less interested in the stuff they actually made, be it trainers, takeaway coffee, or jeans. Rather, they were selling a brand, and replacing our very notion of ourselves as citizens living in a democracy with one of consumers shopping in a marketplace.
Klein’s book looks at how companies like Nike and Starbucks transformed society – and what people were doing to challenge their dominance.
A Tenth Anniversary Edition of Naomi Klein's No Logo with a New Introduction by the Author
NO LOGO was an international bestseller and "a movement bible" (The New York Times). Naomi Klein's second book, The Shock Doctrine, was hailed as a "master narrative of our time," and has over a million copies in print worldwide.
In the last decade, No Logo has become an international phenomenon and a cultural manifesto for the critics of unfettered capitalism worldwide. As America faces a second economic depression, Klein's analysis of our corporate and branded world is as timely and powerful as ever.
We’ve been told ‘the market knows best’ for a long time, and we’re now seeing the economic, political, and environmental breakdown which comes from arranging society around the market’s diktat. Worse, we’ve been here before.
In Late Victorian Holocausts, the late historian Mike Davis documents the most shocking historical consequences of organising societies to please the market. In the heyday of the British Empire, London’s obsession with ‘leaving it to the market’ extended to letting profit dictate who should eat and who should starve.
After the British stripped away traditional social networks on which the majority could depend in times of crisis, people found that ‘the market’ demanded food be shipped from where it was needed, to where there was money. The loss of millions of lives to famine was not the result of ‘backwardness’ and ignorance, but of ‘modernity’ and the market.
Examining a series of El Nino-induced droughts and the famines that they spawned around the globe in the last third of the 19th century, Mike Davis discloses the intimate, baleful relationship between imperial arrogance and natural incident that combined to produce some of the worst tragedies in human history. Late Victorian Holocausts focuses on three zones of drought and subsequent famine: India, Northern China; and Northeastern Brazil. All were affected by the same global climatic factors that caused massive crop failures, and all experienced brutal famines that decimated local populations. But the effects of drought were magnified in each case…
“It happens that every man in a bank hates what the bank does, and yet the bank does it. The bank is something more than men, I tell you. It’s the monster. Men made it, but they can’t control it.”
Steinbeck’s epic novel follows a family of sharecroppers from Great Depression Oklahoma, thrown off their land by economic forces beyond their control.
He beautifully demonstrates the process of economic transformation through the journey of its protagonists as they suffer heart-rending setbacks but also defend themselves from the exploitation they face proving “repression works only to strengthen and knit the repressed.”
'I've done my damndest to rip a reader's nerves to rags, I don't want him satisfied.'
Shocking and controversial when it was first published, The Grapes of Wrath is Steinbeck's Pultizer Prize-winning epic of the Joad family, forced to travel west from Dust Bowl era Oklahoma in search of the promised land of California. Their story is one of false hopes, thwarted desires and powerlessness, yet out of their struggle Steinbeck created a drama that is both intensely human and majestic in its scale and moral vision.
It’s impossible to understand the modern economy without grasping the importance of debt, and no one understands debt better than Ann Pettifor.
Pettifor spent more than a decade campaigning to cancel the unjust and unpayable debt of African, Asian, and Latin American countries – debt that was causing mass impoverishment and robbing people of their rights and livelihoods. Then she turned her attention to the damage that debt was doing in the West, predicting the financial crash of 2007-8.
For Pettifor, the problem started in the early 1970s, when the financial system was ‘freed’ by politicians from the constraints which had forced it to behave in a more reasonable way up to that point. Pettifor argues that we won’t be able to deal with our economic problems until we constrain our banks once more.
In this book, Ann Pettifor examines the issues of debt affecting the 'first world' or OECD countries, looking at the history, politics and ethics of the coming debt crisis and exploring the implications of high international indebtedness for governments, corporations, households, individuals and the ecosystem.
“I hear people say we have to stop and debate globalization. You might as well debate whether autumn should follow summer.”
In 2005, Tony Blair told his party that a new, free-market, globalized form of capitalism was inevitable. Filipino theorist, activists and later politician Walden Bello begged to differ. He believed globalization was a political choice, and one that suited Western elites and their multinational corporations, at the expense of the mass of humanity.
In Deglobalization, Bello sets out to show how things could be different, imagining a more diverse international economy centred on the principle of being as democratic as possible.
How to manage the global economy - and, more fundamentally, whether humanity wishes it to go in an ever more market-oriented, transnational corporation-dominated, and capital-footloose direction - is the most important international question of our time. In this short and trenchant history of those bodies -- the World Bank, IMF, WTO, and Group of Seven -- which have promoted this economic globalization, Walden Bello:
- Points to their manifest failings;
- Examines the major new ideas put forward for reforming the management of the world economy;
- Argues for a much more fundamental shift towards a decentralized, pluralistic system of…
I write historical crime fiction, and my latest novel is set in a hospital, a real place, now closed. The South London Hospital for Women and Children (1912–1985) was set up by pioneering suffragists and women surgeons Maud Chadburn and Eleanor Davies-Colley (the first woman admitted to the Royal College of Surgeons) and I recreate the now almost-forgotten hospital in my book. Events take place in 1946 when wartime trauma still impacts upon a society exhausted by conflict, and my book choices also reflect this.
A historical thriller set in south London just after World War II, as Britain returns to civilian life and the men return home from the fight, causing the women to leave their wartime roles. The South London Hospital for Women and Children is a hospital, (based on a real place) run by women for women and must make adjustments of its own. As austerity bites, the coldest Winter then on record makes life grim. Then a young nurse goes missing.
Days later, her body is found behind a locked door, and two women from the hospital, unimpressed by the police…
One cold dark night, as a devastated London shivers through the transition to post-war life, a young nurse goes missing from the South London Hospital for Women & Children. Her body is discovered hours later behind a locked door.
Two women from the hospital join forces to investigate the case. Determined not to return to the futures laid out for them before the war, the unlikely sleuths must face their own demons and dilemmas as they pursue - The Midnight Man.
‘A mystery that evokes the period – and a recovering London – in…
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