Bandit Capitalism

“Comparable with Michael Lewis’ The Big Short or indeed Ian Fraser’s Shredded, Bob Wylie has done a forensic job . . . a powerful book.” —Talk Media Podcast The collapse in January 2018 of the construction giant Carillion, outsourcer of huge Government building contracts, is one of the great financial scandals of modern times. When it folded it had only £29 million in the bank and debts and other liabilities adding up to a staggering £7 billion. When the total losses were counted it was established that the banks were owed £1.3 billion in loans and that there was a hole in the pension fund of £2.6 billion. That left British taxpayers picking up the tab to salvage the pensions owed to Carillion workers. On one level, this is a familiar story of directors who systematically looted a company with the aim of their own enrichment. But in a wider context the Carillion catastrophe exposes everything that is wrong about the state we are in now—the free-for-all of company laws which govern directors’ dealings, the toothless regulators, the crime and very little punishment of the Big Four auditors, and a government which is a prisoner of a broken model born of a political ideology which it cannot forsake. Through the story of Carillion, Bob Wylie exposes the lawlessness of contemporary capitalism that is facilitated by hapless politicians, and gives a warning for the future that must be heeded. Bandit Capitalism charts, in jaw-dropping detail, the rise and rise of the British Oligarchy. “An excoriating book on the corruption that can lurk within contemporary capitalism.” —Financial Times, “Best Books of 2020”

The collapse in January 2018 of the construction giant Carillion, outsourcer of huge Government building contracts, is one of the great financial scandals of modern times. When it folded it had only £29 million in the bank and debts and other liabilities adding up to a staggering £7 billion. When the total losses were counted it was established that the banks were owed £1.3 billion in loans and that there was a hole in the pension fund of £2.6 billion.That left British taxpayers picking up the tab to salvage the pensions owed to Carillion workers. On one level, this is a familiar story of directors who systematically looted a company with the aim of their own enrichment. But in a wider context the Carillion catastrophe exposes everything that is wrong about the state we are in now – the free-for-all of company laws which govern directors' dealings, the toothless regulators, the crime and very little punishment of the Big Four auditors, and a government which is a prisoner of a broken model born of a political ideology which it cannot forsake. Through the story of Carillion, Bob Wylie exposes the lawlessness of contemporary capitalism that is facilitated by hapless politicians, and gives a warning for the future that must be heeded. Bandit Capitalism charts, in jaw-dropping detail, the rise and rise of the British Oligarchy.

This important book critically addresses the `becoming West' of Europe and investigates the `becoming Modern' of the world. Drawing on the work of Derrida, Foucault, Levinas, Lyotard, Merleau-Ponty and Ricoeur, the book proposes that the question of postmodernity is inseparable from that of postcoloniality. The argument fully conveys the sense that modernity is in crisis. It maps out a new genealogy of the birth of the modern and suggests a new way of grounding the idea of an emancipation of being. Postcolonialism has emerged as a central topic in contemporary social science and cultural studies. This book informs readers as to the central strands of the debate and introduces a host of new ideas which will be a rich fund f

Examines the collapse of the Soviet Union in 1991 and the birth of the Russian state, focusing on Yeltsin's disastrous policies, which brought on an economic collapse almost twice as severe as America's Great Depression.

The democratic surge in the past twenty years has led many Americans to assume that all societies are, or should be, making progress toward becoming practicing democracies. Many in the United States approach countries such as China, Iran, and Vietnam with impatience and bewilderment. These seemingly intransigent holdouts are the subject of intense policy debates, not in the least because they also play important roles in U.S. security and economic policy. This book takes a fresh look at the prospects for political change in these countries and argues that immediate opportunities exist to advance political liberalization, with the possibility that democratization will follow in the mid to long term. But to encourage these trends, the United States must de-emphasize short-term human rights and democracy strategies to focus on more subtle attitudinal and institutional changes in both state and society, and develop new policy measures to enlarge political space.

This book reveals the layered effects of the corporatization of higher education, situated within the phenomenon of disaster capitalism. The authors argue that higher education administrators have seized on the Covid-19 pandemic as an opportunity to advance a corporate higher education agenda consistent with the principles of disaster capitalism. This crisis deeply impacts what and how students in the United States learn, who gets to learn, and the very mission of the academy. Chapters also address neoliberalism as a policy statement that has reshaped and continues to shape higher education in the United States and in much of Western societies.

During the 1990s, the "roving bandits", big business or the oligarchs, stole Russia. They gained influence over President Yeltsin and his government, and gradually shaped policy in their own interests. In this first comprehensive account to explain why Russia took the course it did, Martin McCauley examines the period through the prism of government, including Yeltsin's shadow government, and looks at the military, police, security and intelligence services. Relations between Moscow and the regions, industry, agriculture, social policy and foreign policy are also explored.

In this saga of brilliant triumphs and magnificent failures, David E. Hoffman, the former Moscow bureau chief for the Washington Post, sheds light on the hidden lives of Russia's most feared power brokers: the oligarchs. Focusing on six of these ruthless men— Alexander Smolensky, Yuri Luzhkov, Anatoly Chubais, Mikhail Khodorkovsky, Boris Berezovsky, and Vladimir Gusinsky—Hoffman shows how a rapacious, unruly capitalism was born out of the ashes of Soviet communism.