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Book review: Economics For The Many, edited by John McDonnell
Left economists outline a future Labour government's platform to radically transform society
For the many: A People’s Assembly demonstration against austerity

IN HIS introduction to 16 essays by more than a score of contributors, shadow chancellor John McDonnell points to how the 2007-8 great financial crash shattered the core myths of neoliberalism, namely that markets are the best possible basis on which to organise an economy and that wealth would trickle down from the top once barriers to corporate profit-making — notably state regulation and trade-union strength — were removed.

What has happened since then, he argues, is that company profits have soared while problems of poverty and homelessness have grown as a consequence of austerity.

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