Showing results by publisher "Allen Lane" in Money & Finance

The economic ground is shifting beneath our feet. The world is becoming more volatile, and people are understandably worried about their financial futures. In this urgent and accessible guide to the crises and opportunities that lie ahead, economist and former Governor of the Bank of Canada Stephen Poloz maps out the powerful tectonic forces that are shaping our future, and the ideas that will allow us to master them.

During the pandemic, government deficits skyrocketed to record highs while central banks primed the printing presses—and the time has come to pay for it. The ramifications of international COVID-19 spending could potentially last for decades, and inevitably one of the first consequences will be that central banks will lose control of interest rates, and subsequently, growth and inflation targets. The genie will be out of the bottle.

We live under an ideology that preys on every aspect of our lives: our education and our jobs; our healthcare and our leisure; our relationships and our mental well-being; the planet we inhabit—the very air we breathe. It is everywhere. Yet for most people, it has no name. It seems inescapable, like a natural law. But trace it back to its roots, and you see that this ideology is neither inevitable nor immutable. It was conceived and propagated—and then concealed—by the powerful few. Our task is to bring it into the light—and to build a new system that is worth fighting for. Neoliberalism.