Offering a critical analysis of the UK political system, Tragedy of
Riches argues that politicians over the past twenty years have
changed our economic destiny for the worse. The corresponding
demise of ideology means that there can be no great improvement in
the British economy without fundamental political change. Stephen
Barber introduces the concept of the `mixed economic settlement';
the argument that the policy mix in which Europe and the United
States operates is forged in three contrasting forms of liberalism
to have emerged in the post-war West: economic, welfare and social
liberalism. He describes how our single-minded pursuit of
prosperity has constrained politics from being a force for good.
The book argues that the present economic policies of the UK
government are unsustainable and, if they are to tackle the
difficult issues of modern society, politicians and communities
alike need to face up to this truth.
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