Can ‘ethical investing’ save the world?
reviewed by Michael Roberts
Canadian born Mark Carney was formerly the governor of the Bank of England – the best paid governor ever at £680,000 a year plus £250,000 housing expenses. Carney recently commented that “You don’t get rich in public service”!
Before that Carney was governor of the Bank of Canada, becoming the youngest central bank governor in the G20 nations. And before that he was 13 years at, guess where, Goldman Sachs, where he played a prominent role in advising the black majority government of South Africa on issuing international bonds and he was active for the company during the Russian debt crisis of 1998. Goldman Sachs made billions from these activities as the South African and Russian economies dived. And Carney made a fortune at Goldman Sachs.Read More »
The Letters Of Rosa Luxemburg
Rosa Luxemburg occupies a complex place in our history partly because there are several different Rosa’s one can find scattered across the world; the feminist activist, revolutionary Marxist, economist, journalist, essayist literary and critic all have been picked up in coopted by different movements at different times. While this speaks to her versatility as a thinker, writer and person, it also reflects the fragmented way in which her writing has been collected, edited, translated and published. A pamphlet here, an essay there, a book or 2 and several collections of letters but little effort has been made to present her in a thorough, well organized format. Luckily that is changing with the ongoing efforts to publish the entirety of her output in English translation, the vast majority of it being translated now for the first time by Verso. Read More »
WRITING SOCIAL – DEMOCRACY
The main title for my Drums of Armageddon came from an article in the Clarion by its editor Robert Blatchford soon after the start of the the 1914 war. In a way the book was a piece of opportunism. The Sussex University library had the three longest established socialist papers of the period – Justice. The Clarion, and Labour Leader -on microfilm at least up to the end of the fateful year when war broke out. So the book was to some extent just taking advantage of this for a relatively straightforward bit of research which unlike my ILP book did not involve any travelling – apart from to the university. That’s not to say that I don’t think the book is a useful addition to our knowledge of attitudes on the Left to the outbreak of the war. I certainly do.
I decided to begin by writing about the final peacetime month –July 1914 – to bring out the way the war was a disaster that set everything back – especially for those on the Left – and then the remaining months of the fateful year of 1914. I set out to examine attitudes and actions it in some detail through the prism of the three papers.Read More »
Manchester University Press, Manchester, 2020. 236 pp., £9.99 pb
The title signals it succinctly: this book is an urgent exhortation to avert ‘the deliberate destruction of our natural environment’ (2). It pulls no punches, but is carefully argued, with abundant historical, political-economic and socio-legal evidence that the capitalist corporation is ‘killing the planet’. David Whyte makes his argument admirably accessible, in language leavened with sometimes dark and sometimes biting humour.
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