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G**R
Welcome big ideas needing more powerful advocacy
Through a fascinating chronicle of social histories and personal anecdotes, James Plunkett critiques our contemporary social economy and sketches alternative big ideas. It’s a curious amalgam, starting with a critique of the high profit ‘FANG’ economy (though notably omitting Public Enemy No 1 Microsoft!), a lengthy discourse on price manipulation by smart algorithm, a deserved critique of the unemployment and poverty traps deriving from welfare benefit withdrawal tapers, an understated critique of the absolutely dreadful PIP system for disabled people which should have no place in any civilised society, and a commentary on the gig economy.Plunkett’s remedies run through basic income, an increased living wage, adult retraining which he likens to the post-war US GI Bill deployed in very different circumstances, a 4 day week, more holistic healthcare reconceived to be ‘relational, integrated, and empowering’ (p252), child votes, and civil service reform.This is all welcome creative stuff. The depth and interest of Plunkett’s various discourses at times rambles, and somewhat obscures his crucial points, which deserve a harder hitting summary. There are some inconsistencies in his argument. For example, a major rationale for basic income is that due to automation, work and wage are unavoidably no longer able to deliver income adequacy, and yet Plunkett still pushes for high wage and retraining solutions. He mutes his own proposal, stating that he has ‘switched from being a UBI sceptic to being a cautious supporter in principle’ (p131).He restricts his review of basic income to revenue neutral schemes, which, apart from the gain of eliminating intrusive humiliating means-testing, inevitably deliver no greater impact than some redistribution compared to targeted benefits. He cites the eminent but financially orthodox John Kay that a more radical UBI proposal is ‘arithmetically impossible’ (p127). This ignores the more radical case for UBI, that technology is sucking income out of the economy, forcing unsustainable levels of household and government debt, and generating an urgent twin need to get income to people and debt out of the economy. The only solution to this conundrum is a substantial UBI funded by debt-free sovereign money, which Plunkett doesn’t examine. The Covid economy has demonstrated the feasibility of such a structure by paying a £24,000 annual income to 3 million people, costing £72bn funded as part of the Bank of England’s purchase of £875bn of government debt, which is equivalent to debt-free issue of sovereign money since the Treasury owns its creditor. This more radical UBI proposal based on a heterodox economic analytic needs unequivocal advocacy.
S**E
Hope
If the news depresses you; if recent events appal; if the current state of global politics fills you with a sense of ominous dread and you're experiencing the creeping suspicion of impending doom, then this book is for you.Plunkett's writing radiates warmth and optimism. His roadmap for fixing society is meticulously researched, comprehensively evinced and startlingly logical. Historical, political and economic explanations are clear, succinct and presented in such a way as to engage even the most jaded of readers, while philosophical and sociological approaches are balanced by numerous personal anecdotes both humorous and heartbreaking.At this pivotal moment in history, as our rights are eroded and we seem to be slipping by degrees into a second Dark Age, Plunkett's book gives a much-needed injection of rationality, objectivity and humanity. A fine example of why, contrary to current fashion, we actually do need experts - and why we should listen to them.
O**T
From the past to the present to a better future; brilliant.
There are many moments in history when major developments have taken place: NHS, the weekend, benefits system, industrial revolution….This book examines the “why and how” and teases out the lessons that can be learned to help build a fairer, healthier, happier and more efficient future. Intertwined with real characters and personal stories it’s expertly researched, beautifully written and full of hope. A great read leading to “new beginnings”.
R**E
Familiar moments with the opportunity for continual reflection .
What an incredible read. From the first paragraph I was hooked. I am no politician ( nor really interested in politics) but this book details and clarifies my own unconscious thoughts over the past decade. It is well written and supports you through a journey of recognition and reflection. Brilliant!!!
N**N
Big ideas and inspiring and fun!
A really engaging, accessible big ideas book. Thoroughly recommend and it’s been great to take some of these ideas into conversation and debate with my friends and family. It actually reminds me a bit of Bill Bryson in terms of style and making these concepts accessible and fun to read.
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