The Age of Insecurity
We live in an era in which the culture and values of big business are dominant. The riptides of capital swirl around the globe ruining entire economies overnight. Directors and chief executives cash in stock options for unimaginable fortunes while whole workforces are "downsized" as companies relocate at a whim. Environmental degradation escalates as the earth's resources are looted. The dream of worldwide prosperity and peace is given the lie from Kosovo to the Congo, from the drug baronies of South America to the criminal empires of the former Soviet Union. Welcome to the Age of Insecurity.
In the face of this slow-motion global coup d'etat by untrammelled finance, traditionally left leaning parties now in power have abandoned their concern with regulating business for a compulsive and self-righteous moralism; the Blair government stands as a perfect exemplar in this trend. In the coruscating argument the authors make a plea for government to turn strictures concerning ethics away from the citizen and on to a financial system that is making our society ever more precarious.
Since the publication of the hardback of he Age of Insecurity in May 1998 events have conspired to validate the author's argument. In a new preface and afterword Elliott and Atkinson draw out the lessons to be learned from the hedge-fund crisis, the disintegration of the rouble and the spreading of economic turmoil in Latin America.
The Age of Insecurity is, more than ever, a vital and radical tract for our times.
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Age of Insecurity American bank Basil Fawlty big business Britain British left capital cent central centre Chancellor Charter 88 Clinton companies Conservative constitutional reform consumer corporate crime crisis cultural decade declared demand democracy Downing Street economic economist election employees Europe European Union example federal film free-market global growth Harold Wilson idea income individual industry inequality inflation interest Keynes Keynesian Labour laissez-faire liberal litde living London Maastricht Margaret Thatcher middle class million monetary union moral hazard multinational Norman Lamont once party Passport to Pimlico political post-war system Prime Minister rates rise seemed seen single currency social democrats society sort Thatcher tion Tony Benn Tony Blair Tory trade unions traditional unemployment United values wages welfare West workers workforce
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