The New Capitalism
How and why the economic world has changed forever - and how it affects us all
By Robert Peston
Political Editor for ITV News and bestselling author, Robert Peston, surveys the wreckage of the world economy and asks - what is the future of global capitalism?
Robert Peston, ITV News' political editor, questions the future of global capitalism amid 21st century economic wreckage.
It's been the worst financial and economic crisis since the 1930s and we're not through it yet. For banks, it's been a debacle like no other. To keep banks alive, $15 trillion of financial aid has been pledged to them by taxpayers - that's more than $2000 for every person on the planet. But believe it or not, it could all have been even worse, an economic Armageddon.
If the old capitalism failed, have we really learned anything? Or are we frantically trying to return to our bad old business ways? In the West, we've been living beyond our means for years. Do any of us in the US and UK really understand the painful implications of the new economic reality, that we can no longer borrow as much as we'd like to maintain our living standards?
In Who Runs Britain, Robert Peston warned that there was a serious economic storm on the way. Now, in The New Capitalism, he exposes the naiveté and complacency of bankers and the authorities when confronted with the unmistakable signs that calamity was on the horizon. Peston will also show how the onset of that storm has changed the economic landscape forever and what that means for all of us - the jobs that will be available, the skills we'll need, how we'll save, how our banks and big companies will be run, the new compact between the public and private sectors. Just like Who Runs Britain, this is a book we can't afford to ignore.
Robert Peston is Political Editor for ITV News. Until the end of 2015 he was the BBC's Economics Editor; and from 2006 to 2013, he was BBC Business Editor. As a journalist for more than 30 years, he has been Political Editor and Financial Editor of the Financial Times, City Editor of the Sunday Telegraph and a columnist for the New Statesman and Sunday Times (inter alia). Peston has won more than 30 awards for his journalism, including Journalist of the Year and Scoop of the Year (twice) from the Royal Television Society, Performer of the Year from the Broadcasting Press Guild, Broadcaster of the Year and Journalist of the Year from the Wincott Foundation and Business Journalist of the Year from the London Press Club. Peston has published three critically acclaimed books, How Do We Fix This Mess? The Economic Price of Having It All, and the Route to Lasting Prosperity, Who Runs Britain?, his best-selling account of who is to blame for the economic and financial crisis of 2007-9, and Brown's Britain, a biography of Gordon Brown and analysis of the New Labour government. He is the founder of Speakers for Schools (www.speakers4schools.org), an education charity which organises free talks from inspirational speakers for students at state schools. He was married to the writer Siân Busby who died in 2012. You can read, watch and follow Robert at itv.com/peston and facebook.com/pestonitv and twitter.com/peston
- Other details
- Publication date:
13 Jun 2018
- Page count:
Hodder & Stoughton
A compelling portrait of early 21st century casino capitalism ... essential reading. — Howard Davies, The Times on WHO RUNS BRITAIN?
Fluent, incredibly up to the minute look at Britain ... Peston, in relaxed, conversational style is a great travelling companion along the highways of finance. — Observer on WHO RUNS BRITAIN?
This lucid and timely guide to the world of turbo-capitalism ... absorbing book, essential reading for anyone who wants to know how the British economy now operates. — Peter Wilby, Guardian on WHO RUNS BRITAIN?
starkly lucid — Polly Toynbee, Guardian on WHO RUNS BRITAIN?
Peston catches the zeitgeist of Britain and the paradox that is Gordon Brown. — Financial Times on WHO RUNS BRITAIN?
engaging — Harry Mount, Telegraph on WHO RUNS BRITAIN?
Peston is our rock... The triumph of Robert Peston makes me proud of my old paper, the BBC and of journalism in general. — Sarah Sands in Independent on Sunday
This remains the most riveting book on finance you may ever bother to read. — Evening Standard on WHO RUNS BRITAIN?
wonderful clarity — Sunday Telegraph on WHO RUNS BRITAIN?
Book of the year — Financial Times on WHO RUNS BRITAIN?