Blackwell’s are delighted to be hosting economics commentator Grace Blakeley, in conversation with Aaron Bastani, on her new book Stolen, a readable polemic on the growing dominance of the finance industry over the UK economy, and what the left can do to challenge it.
For decades, it has been easier to imagine the end of the world than the end of capitalism.
In the decade leading up to the 2008 financial crisis, booming banks, rising house prices and cheap consumer goods propped up living standards in the rich world. Thirty years of rocketing debt and financial wizardry had masked the deep underlying fragility of finance-led growth, and in 2008 we were forced to pay up.
The decade since has witnessed all kinds of morbid symptoms, as all around the rich world, wages and productivity are stagnant, inequality is rising, and ecological systems are collapsing.
Stolen is a history of finance-led growth and a guide as to how we might escape it. We’ve sat back as financial capitalism has stolen our economies, our environment and even the future itself. Now, we have an opportunity to change course. What happens next is up to us.
Grace Blakeley is economics commentator at the New Statesman and research fellow at the Institute of Public Policy Research (IPPR). She has written on economic issues for, amongst others, the Independent, and Novara Media, and has appeared on BBC News, the Today Programme, ITV Granada Debate, and Newsnight.
Aaron Bastani is a Senior Editor and co-founder of Novara Media. He has a PhD in media and politics and his new book Fully Automated Luxury Communism was published by Verso earlier this year.
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