Posts Tagged ‘Why nations fail’

Sunday Review: my best books of the year

23/12/2012, 08:00:07 AM

by Anthony Painter

A sense of crisis is good for the world of thought it would appear. 2012 has been dominated by a continuing economic crisis – most particularly in Europe. There is not yet a sense that out of the wreckage of the old will emerge the new. And yet, in some of the books that have been published this year – some of which I have reviewed on Labour Uncut – there are fresh approaches that may provide hope.

The worldview of both the centre-left and the centre-right in the UK is astonishingly narrow. In many ways our political culture has become incredibly indulgent: narrow, short-term, parochial, interest driven, transactional and tactical. We only have to look at the debate about our future membership of the European Union to see that – it completely disregards the fact that we are hurtling towards irrelevance. Equally, the debate about our economic future is mired in the politics of the moment. Much of what is dressed-up as economic analysis is simply political positioning.

So it has been with relief that in our increasingly global market in ideas, research and debate, there are new ideas and perspectives if we choose to look for them. Other than fighting all the cuts on the left and fighting the EU on the right – both misguided in their own ways – where is the domestic vision for national recovery? If there is a defining feature of the UK’s politics in 2012, it is that we are embracing smallness and irrelevance with seeming self-righteous glee.

In modern times the political challenges have never been so great and the response from our leaders so poor. Perhaps more than anyone else, this is epitomised by the current chancellor of the exchequer who seems to think that national recovery is a political game. The game-players are not only on the government benches. But he, more than anyone else, symbolises the age of small politics in the midst of great challenges. Unless he and our political leaders shift course decisively then an era of British decline awaits. It is entirely avoidable.

In these books of the year, let’s hope that pathways to a bigger politics present themselves. I hope that Santa brings you enough book tokens to enjoy one or two of the following gems (in no particular order).

1. Why nations fail by Daron Acemoglu and James Robinson

The future will be defined by the institutions we build. Acemoglu and Robinson take us a tour of economic development across six continents and unlock the key to development at “critical junctures.”.Breathtaking in scope and consequential.

2. The price of Civilization by Jeffrey Sachs

Sachs has established himself as a leading critic of the new centre-left Keynesian orthodoxy. Good for him – someone has to push back against the use of Keynes to avoid real choices while conveniently ignoring the potential unforeseen consequences of much of what is proposed. But that’s not the strength of the book. The strength of this book is that he actually includes a costed plan for recovery and elimination of the primary deficit while investing in science, education, childcare, infrastructure etc.
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