Tragedy of Riches - New Book by Dr. Stephen Barber
Western economic prosperity has created a rich, complacent society that has, in pursuit of short-term interests, lost sight of its original goals. If vital lessons have not been learned, there is a real danger, thanks to entrenched political and economic dogmatism, that the system that generated the crisis will not be reformed. This book makes a passionate case that instead of accepting a status quo of dysfunctional modern economics we must now create a new, political settlement prepared to tackle the great issues of our age before it is too late.
That the world economy is still only shakily recovering from the credit crunch serves only to underline our misplaced faith in a system ill-equipped to deal with our real needs in the twenty-first century. Paradoxically, our riches are now the cause of our greatest problems.
Dr. Barber is a senior research fellow at the Global Policy Institute and a Senior Lecturer at London South Bank University where he is Associate Director of the Masters in Public Administration Programme.
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