Mick Brooks is a lifelong socialist and activist in the labour movement and this commitment shows through in this book. He is no mere ranter, however, for this is a tightly-argued and coolly measured examination of the dynamics of capitalism and how a variety of conflicting forces create internal contradictions that lead to crises that ultimately it cannot avoid.
Brooks points out that even the most robust protagonists for capitalism do not understand the economic system they so vehemently advocate. These pundits were caught totally unawares by the onset of the Great Recession in 2007 for they had previously been arguing passionately that such events could never occur again. Other economists with disarming candour actually admit that they don’t know the first thing about economics and cannot explain what causes recessions under capitalism or the speculative bubble which was the obvious manifestation of deep-seated problems.