New releases from Public Image Ltd, William Basinski, and John Luther Adams
Foundational Economy: The infrastructure of everyday life
by The Collective Foundational Economy
Manchester University Press £11.99
THE opening chapters of this book reminded me of president John F Kennedy’s trenchant and moving attack on the idea that a country’s progress can be judged by GDP figures. The Gross Domestic Product, he said “measures everything... except that which makes life worthwhile.”
Many proposals to re-focus economy theory and policy away from national income accounting have been published. In this case the focus is the “foundations” of an economy – consisting of zones “producing daily essential goods and services which are critical to citizens flourishing.”
There are three main areas: the “material” Foundational Economy (FE) consists of those pipes and networks “which continuously connect households to everyday life including water, electricity, food, transport and telecoms.”
PHILIP ENGLISH says military spending will not create the jobs young people need — instead, build an economy based around needs, not profit
In the second part of her critique of Wes Streeting’s TenYear Plan for Health, HELEN MERCER looks at the central planks of this privatisation blueprint
If the government really wanted to address public finances, improve living standards and begin economic recovery, it would increase its borrowing for investment, argues MICHAEL BURKE



