The Star's critic MARIA DUARTE recommends an impressive impersonation of Bob Dylan
Illusions of the Ponzi circus
WILL PODMORE takes issue with a faulty analysis of capitalist crisis that cannot see the wood for the trees
The Star's critic MARIA DUARTE reviews Here, Vermiglio, William Tell and Wolf Man
New releases from Thorpe and Morrison, Daria Kulesh, and Will Finn and Rosie Calvert
RINA ARYA confronts the brutal operation of Francis Bacon’s approach to portraiture
Emphasising his continuous engagement in labour movement struggles, ALISTAIR FINDLAY salutes John Foster’s contribution as activist, strategist, intellectual and defender of the Morning Star
ANDY MIAH advocates the use of AI to assist people by expanding access to global literature and culture
EWAN KOTZ relishes a veteran Glasgow band that have lost none of their verve for live performance
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.
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WILL PODMORE is intrigued by a study the British ruling class that follows statistical analysis with totally inadequate proposals for change
WILL PODMORE welcomes a demonstration of the incomparable virtues of rail travel, and the political obstacles to realising its potential
WILL PODMORE welcomes a well-written and pacey account of the run-up to the 2024 general election
WILL PODMORE applauds a stunning survey of the devastation wrought by the English state over four centuries
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