Recommendations based on "Political Cleavages and Social Inequalities A Study of Fifty Democracies, 1948Ð2020"

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By Daron Acemoglu, James A. Robinson

Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine?Is it culture, the weather, geography? Perhaps ignorance of what the right policies are?Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence?Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities.The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories.Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including:- China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West?- Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority?- What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions?Why Nations Fail will change the way you look at—and understand—the world.

By Alice Ross

'This book presents a salient truth: every investor - no matter how large or small - has the power to help address our climate crisis and build a more sustainable world. Together, we can and must act now' Al Gore, former Vice President of the United States'Everyone's savings account and pension can meaningfully contribute. Ross tells us how in this clear, easy to understand yet transformative book' Christiana Figueres, Founding Partner, Global Optimism and Former Executive Secretary, United Nations Framework Convention on Climate Change'I can't imagine a more important book at the moment. A detailed, action-oriented guide on how to make our money matter and save us and the planet we live on' Richard Curtis, Writer, Director, Co-Founder of Red Nose Day and UN Sustainable Development Goals AdvocateInvesting responsibly is one of the most powerful ways that you can fight climate change.No longer a niche sector for rebel fund managers, conscious investing has the potential to raise huge sums of money to the companies and organisations on the front line fighting the climate crisis and make investors positive returns in the process.In this essential introduction to green investing, Alice Ross shows you how you can turn your savings and pensions, however big or small, into a force for change. You will learn:- Which sectors are leading the charge by developing cutting-edge solutions; from smart farming to renewable energy- How to cut through 'alphabet soup' jargon and identify 'greenwashing'- The ways you can maximise your economic power and hold those you're investing in to account'Changing the way that we invest is one of the most powerful levers we have for solving climate change. This hugely interesting and immensely practical book not only explains why changing how we invest is so critically important but also provides a set of powerful tools for actually doing it' Rebecca Henderson, John and Natty McArthur University Professor at Harvard University and author of Reimagining Capitalism'Explains the power you have, through your investment choices, to accelerate the path toward a sustainable clean energy future. Read this book and be empowered to create a better future for the planet' Michael Mann, Distinguished Professor, Penn State University, author of The New Climate War

By Daniel Ammann

Billionaire oil trader Marc Rich for the first time talks at length about his private life (including his expensive divorce from wife Denise); his invention of the spot oil market, which made his fortune and changed the world economy; his lucrative and unpublicized dealings with Ayatollah Khomeini's Iran, Fidel Castro's Cuba, war-ravaged Angola, and apartheid South Africa; his quiet cooperation with the Israeli and U.S. governments (even after he was indicted for tax fraud by Rudy Guiliani) and near-comical attempts by U.S. officials to kidnap him illegally.This sure-to-make-headlines book from Daniel Ammann is the first no-holds-barred biography of Rich, who was famously pardoned by Bill Clinton, and resurfaced in the news during the confirmation hearings of Attorney General Eric Holder. The King of Oil sheds stunning new light on one of the most controversial international businessmen of all time, charting Rich's rise from the Holocaust, which he fled as a young boy, to become the wealthiest and most powerful oil and commodities trader of the century. From his earliest trading days to the present, Marc Rich's story is astonishing and compelling.

By N. Chomsky

'If I were a voter in Britain, I would vote for [Jeremy Corbyn]' - Noam Chomsky, 2017Who Rules the World is the essential account of geopolitics right now - including an afterword on President Donald TrumpNoam Chomsky: philosopher, political writer, fearless activist. No one has done more to question the hidden actors who govern our lives, calling the powers that be to account. Here he presents Who Rules the World?, his definitive account of those powers, how they work, and why we should be questioning them.From the dark history of the US and Cuba to China's global rise, from torture memos to sanctions on Iran, this book investigates the defining issues of our times and exposes the hypocrisy at the heart of America's policies and actions. The world's political and financial elite are now operating almost totally unconstrained by the so-called democratic structure. With climate change and nuclear proliferation threatening our very survival, dissenting voices have never been more necessary.Fiercely outspoken and rigorously argued, Who Rules the World? is an indispensable guide to how things really are.

By Andrew Fisher

How to focus anti-hunger efforts not on charity but on the root causes of food insecurity, improving public health, and reducing income inequality.Food banks and food pantries have proliferated in response to an economic emergency. The loss of manufacturing jobs combined with the recession of the early 1980s and Reagan administration cutbacks in federal programs led to an explosion in the growth of food charity. This was meant to be a stopgap measure, but the jobs never came back, and the “emergency food system” became an industry. In Big Hunger, Andrew Fisher takes a critical look at the business of hunger and offers a new vision for the anti-hunger movement.From one perspective, anti-hunger leaders have been extraordinarily effective. Food charity is embedded in American civil society, and federal food programs have remained intact while other anti-poverty programs have been eliminated or slashed. But anti-hunger advocates are missing an essential element of the problem: economic inequality driven by low wages. Reliant on corporate donations of food and money, anti-hunger organizations have failed to hold business accountable for offshoring jobs, cutting benefits, exploiting workers and rural communities, and resisting wage increases. They have become part of a “hunger industrial complex” that seems as self-perpetuating as the more famous military-industrial complex.Fisher lays out a vision that encompasses a broader definition of hunger characterized by a focus on public health, economic justice, and economic democracy. He points to the work of numerous grassroots organizations that are leading the way in these fields as models for the rest of the anti-hunger sector. It is only through approaches like these that we can hope to end hunger, not just manage it.

By Quinn Slobodian

'An essential read to understand the times in which we live' - Lea Ypi A revelatory exploration of how today's rightwing authoritarianism emerged not in opposition to neoliberalism, but from within it After the end of the Cold War, neoliberalism, with its belief in the virtues of markets and competition, seemed to have triumphed. Communism had been defeated - and Friedrich Hayek, the spiritual father of neoliberal economics, had just about lived to see it. But in the decades that followed, Hayek's disciples knew that they had a problem. The rise of social movements, from civil rights and feminism to environmentalism, were now proving roadblocks in the road to freedom, nurturing a culture of government dependency, public spending, political correctness and special pleading. Neoliberals needed an antidote. In this illuminating new book, historian Quinn Slobodian reveals how, from the 1990s onwards, neoliberal thinkers turned to nature, in an attempt to roll back social changes and to return to a hierarchy of gender, race and cultural difference. He explores how these thinkers drew on the language of science, from cognitive psychology to genetics, in order to embed the idea of 'competition' ever deeper into social life, and to advocate cultural homogeneity as essential for markets to truly work. Reading and misreading the writings of their sages, Friedrich Hayek and Ludwig von Mises, they forged the alliances with racial psychologists, neoconfederates, ethnonationalists that would become known as the alt-right. Hayek's Bastards shows that many contemporary iterations of the Far Right, from Javier Milei to Donald Trump, emerged not in opposition to neoliberalism, but within it. As repellent as their politics may be, these supposed disruptors are not defectors from the neoliberal order, but its latest cheerleaders.

By Henry Kissinger

In World Order, Henry Kissinger - one of the leading practitioners of world diplomacy and author of On China - makes his monumental investigation into the 'tectonic plates' of global history and state relationsWorld Order is the summation of Henry Kissinger's thinking about history, strategy and statecraft. As if taking a perspective from far above the globe, it examines the great tectonic plates of history and the motivations of nations, explaining the attitudes that states and empires have taken to the rest of the world from the formation of Europe to our own times.Kissinger identifies four great 'world orders' in history - the European, Islamic, Chinese and American. Since the end of Charlemagne's empire, and especially since the Peace of Westphalia in 1648, Europeans have striven for balance in international affairs, first in their own continent and then globally. Islamic states have looked to their destined expansion over regions populated by unbelievers, a position exemplified today by Iran under the ayatollahs. For over 2000 years the Chinese have seen 'all under Heaven' as being tributary to the Chinese Emperor. America views itself as a 'city on a hill', a beacon to the world, whose values have universal validity. How have these attitudes evolved and how have they shaped the histories of their nations, regions, and the rest of the world? What has happened when they have come into contact with each other? How have they balanced legitimacy and power at different times? What is the condition of each in our contemporary world, and how are they shaping relations between states now?To answer these questions Henry Kissinger draws upon a lifetime's historical study and unmatched experience as a world statesman. His account is shot through with observations about how historical change takes place, how some leaders shape their times and others fail to do so, and how far states can stray from the ideas which define them. World Order is a masterpiece of narrative, analysis and portraits of great historical actors that only Henry Kissinger could have written.HENRY KISSINGER served in the US Army during the Second World War and subsequently held teaching posts in history and government at Harvard University for twenty years. He served as National Security Advisor and then Secretary of State under Richard Nixon and Gerald Ford, and has advised many other American presidents on foreign policy. He received the 1973 Nobel Peace Prize, the Presidential Medal of Freedom, and the Medal of Liberty, among other awards. He is the author of numerous books and articles on foreign policy and diplomacy, and is currently Chairman of Kissinger Associates, Inc., an international consulting firm.

By Liaquat Ahamed

THIS HAS HAPPENED BEFORE. The current financial crisis has only one parallel: the Wall Street Crash of 1929 and subsequent Great Depression of the 1930s, which crippled the future of an entire generation and set the stage for the horrors of the Second World War. Yet the economic meltdown could have been avoided, had it not been for the decisions taken by a small number of central bankers. In Lords of Finance, we meet these men, the four bankers who truly broke the world: the enigmatic Norman Montagu of the bank of England, Benjamin Strong of the NY Federal Reserve, the arrogant yet brilliant Hjalmar Schacht of the Reichsbanlk and the xenophobic Emile Moreau of the Banque de France. Their names were lost to history, their lives and actions forgotten, until now. Liaquat Ahamed tells their story in vivid and gripping detail, in a timely and arresting reminder that individuals - their ambitions, limitations and human nature - lie at the very heart of global catastrophe.

By Ingrid Robeyns

'The best case I've read for putting an upper limit on the accumulation of wealth' Richard Wilkinson 'One of the most talked-about books to the moment ... Limitarianism floats the heretical idea that fixing society isn't just about saving the poorest from destitution, but about putting a cap on how much the richest are able to own' Spectator No-one deserves to be a millionaire. Not even you. We all notice when the poor get poorer: when there are more rough sleepers and food bank queues start to grow. But if the rich become richer, there is nothing much to see in public and, for most of us, daily life doesn't change. Or at least, not immediately. In this astonishing, eye-opening intervention, world-leading philosopher and economist Ingrid Robeyns exposes the true extent of our wealth problem, which has spent the past fifty years silently spiralling out of control. In moral, political, economic, social, environmental and psychological terms, she shows, extreme wealth is not only unjustifiable but harmful to us all - the rich included. In place of our current system, Robeyns offers a breathtakingly clear alternative: limitarianism. The answer to so many of the problems posed by neoliberal capitalism - and the opportunity for a vastly better world - lies in placing a hard limit on the wealth that any one person can accumulate. Because nobody deserves to be a millionaire. Not even you. *Shortlisted for the Socrates Philosophy Prize*

By Michael Dove

The “Hikayat Banjar,” a native court chronicle from Borneo, characterizes the irresistibility of natural resource wealth to outsiders as “the banana tree at the gate.” Michael R. Dove employs this phrase as a root metaphor to frame the history of resource relations between the indigenous peoples of Borneo and the world system. In analyzing production and trade in forest products, pepper, and especially natural rubber, Dove shows that the involvement of Borneo’s native peoples in commodity production for global markets is ancient and highly successful and that processes of globalization began millennia ago. Dove’s analysis replaces the image of the isolated tropical forest community that needs to be helped into the global system with the reality of communities that have been so successful and competitive that they have had to fight political elites to keep from being forced out.