Skip to main content
How the wealth of the few is maintained
WILL PODMORE is intrigued by an analysis of capital that emphasises the deadening impact of financialisation on the US and UK economies
WHERE ALL THAT IS SOLID MELTS INTO AIR: London HQ of HSBC, the largest Europe-based bank by total assets, 8 Canada Square, Canary Wharf, London [Pic: Michael Pead/CC]

Endgame: economic nationalism and global decline
Jamie Merchant, Reaktion, £15.95

 

JAMIE MERCHANT is media director for the Center for Progressive Strategy. He depicts the decline of capitalism, focusing on the US and British economies.

US real growth per head averaged 2.3 per cent from 1953 to 1973, 2 per cent from 1973 to 2007, and 0.7 per cent from 2007 to 2019. From 1950 to 1973, the world economy grew on average by 2.92 per cent per head, by 1.8 per cent from 1973 to 1990, then by 1.5 per cent, down to 1.2 per cent in 2019. 

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
People sit along the edge of an abandoned swimming pool across from a tanker terminal along the port of Matanzas, Cuba, March 30, 2026
Features / 4 April 2026
4 April 2026

CLAUDIA WEBBE says the US is tightening the noose to destroy Cuban socialism — the need for immediate, international solidarity is urgent

Members of trade unions shout slogans during a nationwide strike to protest an interim trade deal with the United States, saying the agreement undermines the interests of farmers, small businesses and workers in New Delhi, India, February 12, 2026
Workers' Rights / 25 February 2026
25 February 2026

The biggest strike in global history is a template for our future. The silence tells you all you need to know, writes CLAUDIA WEBBE

Cargo containers line a shipping terminal at the Port of Oakland on July 31, 2025, in Oakland, Calif.
Features / 2 August 2025
2 August 2025

It’s the dramatic rise of China with its burgeoning economy that has put the Trump administration into a frenzy – with major implications both at home and abroad, argues MICHAEL BURKE

A bus under construction at the Alexander Dennis bus manufacturers in Falkirk
Voices of Scotland / 17 June 2025
17 June 2025

As bus builder Alexander Dennis threatens Falkirk closure and Grangemouth faces ruthless shutdown by tax exile Jim Ratcliffe, RICHARD LEONARD MSP warns that global corporations must be resisted by a bold industrial strategy based on public ownership