The British Economy: A Crisis of Anglo-Liberal Capitalism?
65 - 86 p.
Colin Hay’s book, The Failure of Anglo-Liberal Capitalism (2013), offers a powerful account of the origins and implications of Britain’s current economic malaise. Hay argues that the roots of the recent economic crisis lie in Britain’s complicity in the rise of an unstable Anglo-American model of capitalism that sustained consumption and economic growth via the acquisition of private debt. Critical of British governments of all parties, Hay outlines a new economic agenda for a more sustainable and inclusive model of growth. Renewal gathers here four reflections on the book, and a response from Colin Hay.