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The forthcoming General Election will be one of the most decisive in British post-war history. If the Conservatives were to win again, it would confirm that British democracy is a sham - that we live in a one party state and the electorate will exact no penalty for broken promises and the abuse of power. Will Hutton argues that the tories can no longer be trusted: the recent economic 'growth' is little more than a catch-up from the lost recession years, while investment is still weak and inflation high; Black Wednesday revealed the Governments economic incompetence; and taxes have risen by a record in post-war Britain. Tony Blair has skilfully exploited the Tory divisions and successfully remodelled his party: New Labour is reformist, committed to social justice, solidarity and achievable levels of equality. The years of Tory Government have revealed the shortcomings of a free-market economy: a big shift of economic power to the employers and a sharp rise in in equality. Will Hutton urges Labour not to embrace a Conservative agenda in economic terms but to deal with the challenge of structuring the free-market economy to get the best balance of growth and a good society, and to make fundamental choices over the character of the capitalism we want to develop.
| ISBN | 0099778815 | | DEWEY edition | DC21 | | ISBN13 | 9780099778813
(What's this?) | | Pages | 80 | | Publisher | Vintage | | Co_publisher | "The Guardian" and "The Observer" | | Imprint | Vintage | | Weight (grammes) | 105 | | Format | Paperback | | Published in | London | | Publication date | 07 Apr 1997 | | Height (mm) | 197 | | Non-book description | B | | Width (mm) | 129 | | DEWEY | 330.941 | | Academic level | General, Professional / Scholarly |
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| | | Preface | | | | 1 | | The Strange Rebirth of Liberal England | | 1 | | | | The State We're in Now | | 5 | | | | The Ideology Behind It All | | 9 | | | | The Decline and Fall of Conservative England | | 12 | | 2 | | Why Markets Go Wrong | | 19 | | | | Why Contracting Gets in a Fix | | 24 | | | | The System in Action: The Labour Market | | 33 | | | | The System in Action: The Financial Markets | | 41 | | | | Some Evidence - from North Sea Oil to Building Societies | | 48 | | | | The Public Sector and the Welfare State | | 51 | | 3 | | The State to Come | | 54 | | | | The Stakeholder Economy and Society | | 62 | | | | The Central Importance of Employment | | 66 | | | | The Creation of an Investment Culture | | 68 | | | | Unemployment and Democracy | | 74 | | | | The Institutions of Government | | 77 | | | | Sharing the Risk | | 80 | | 4 | | And So to Europe | | 91 | | 5 | | Conclusion | | 103 | | | | Notes and References | | 111 |
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