GORDON PARSONS recommends an entertaining account of the years between Germany’s defeat in WWI and Hitler’s seizure of power
Too Much Stuff: Capitalism in Crisis
by Kozo Yamamura
(Policy Press, £7.99)
KOZO YAMAMURA’S starting point in this short book is the parallel existence of two seemingly contradictory realities of modern economic life in the developed world.
Low growth rates since 1980 evidence what he calls the “sickness” of these economies, especially since the “great recession” of 2008. This low growth, he argues, has created stagnant wages, frequent recessions which drive up unemployment, a reduction in the capital available for socially necessary investment and a growing inequality which is threatening political stability and even democracy itself.
A sharp rise in public-sector investment is required to kick-start the economy, argues MICHAEL BURKE
Critics of UBI underestimate both its political significance and its economic potential, writes BERT SCHOUWENBURG
Only an ambitious programme of state-led investment can restore growth and improve living standards, argues MICHAEL BURKE
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



