NICK MATTHEWS welcomes the return of Samuel Coleridge-Taylor’s music to the repertoire of this years’ Three Choirs Festival
Illusions of the Ponzi circus
WILL PODMORE takes issue with a faulty analysis of capitalist crisis that cannot see the wood for the trees
BRIDGE OVER TROUBLED WATERS: Farmers have parked their tractors on a small bridge over a highway in Frankfurt, Germany on January 26 2024
LEO BOIX reviews a caustic novel of resistance and womanhood by Buenos Aires-born Lucia Lijtmaer, and an electrifying poetry collection by Chilean Vicente Huidobro
MATTHEW HAWKINS applauds a psychotherapist’s disection of William Blake
New releases from Christina Alden and Alex Patterson, Odette Michell, Clementine Lovell
JOHN GREEN is fascinated by a very readable account of Britain’s involvement in South America
Strip cartoons used to be the bread and butter of newspapers and they have been around for centuries. MICHAL BONCZA asks our own Paul Tanner about which bees are in his bonnet
GORDON PARSONS acknowledges the authority with which Sarah Kane’s theatrical justification for suicide has resonance today
You always hurt the one you love: central banks and the murder of capitalism
Bernard Connolly
Unicorn, £30
BERNARD CONNOLLY is the excellent economist who wrote the brilliant critique of the euro, The Rotten Heart Of Europe. In this fine book, he analyses what he calls “the global Ponzi scheme” that is present-day capitalism.
He acknowledges that “there has been extractive behaviour (what Marxists would call exploitation) on a massive scale... What has happened in Western economies in this century in terms of financial crises and massive inequalities of income and particularly, wealth, can appear to validate Marxist predictions.”
As he notes, Marx believed that crisis was inherent in the nature of capitalism and wanted the crisis to be resolved by instituting a socialist system. Friedrich von Hayek, by contrast, believed that recurrent crises in capitalism were caused not by the nature of private property but by monetary mismanagement, and wanted crises to be resolved in a way that preserved capitalism.
More from this author
WILL PODMORE peruses a new history of the opening weeks of conflict between Nazi Germany and Soviet Russia
WILL PODMORE recommends an excellent and useful introduction to a lesser-known giant of the scientific revolution in Britain
WILL PODMORE is enthralled by the convincing case that guilds of Islamic craftsmen were responsible for the European gothic style
WILL PODMORE is intrigued by a study the British ruling class that follows statistical analysis with totally inadequate proposals for change
