Published on Nov 14, 2019
Grace Blakely, author of “Stolen: How to Save the World from Financialisation,” in conversation with Jacobin founding editor Bhaskar Sunkara.
Recorded at Verso Books in Brooklyn on November 5, 2019.
“Stolen: How to Save the World from Financialisation” is available from Repeater Books: https://repeaterbooks.com/product/sto…
In the decade leading up to the 2008 financial crisis, booming banks, rising house prices and cheap consumer goods propped up living standards in the rich world. Thirty years of rocketing debt and financial wizardry had masked the deep underlying fragility of finance-led growth, and in 2008 we were forced to pay up.
The decade since has witnessed all kinds of morbid symptoms, as all around the rich world, wages and productivity are stagnant, inequality is rising, and ecological systems are collapsing.
“Stolen” is a history of finance-led growth and a guide as to how we might escape it. We’ve sat back as financial capitalism has stolen our economies, our environment and even the future itself. Now, we have an opportunity to change course. What happens next is up to us.
Grace Blakeley is economics commentator at the New Statesman and research fellow at the Institute of Public Policy Research (IPPR).
Bhaskar Sunkara is the founding editor of Jacobin magazine and author of “The Socialist Manifesto,” available from Verso Books: https://www.versobooks.com/books/2939…