Graham Turner

This book argues that the current financial turmoil signals a crisis in globalisation that will directly challenge the free market economic model. Graham Turner shows that the housing bubbles in the West were deliberately created to mask the damage inflicted by companies shifting production abroad in an attempt to boost profits. As these bubbles burst, economic growth in many developed countries will inevitably tumble. The Japanese crisis of the 1990s shows that banks and governments may struggle to contain the fallout. The problem has not been limited to the US, UK and Europe: housing bubbles have become endemic across wide swathes of emerging market economies. As the West slides, these countries will see an implosion of their credit bubbles too, shaking their faith in the free market. Turner is an experienced and successful economic forecaster, whose opinions are sought by large international banks and top financial journalists. Drawing from his first hand experience of the Japanese property crash of the 1990s, he presents his analysis in a clear and persuasive style, showing that the end of housing market growth spells disaster for neoliberal globalisation.… (més)

This was quite useful in that while the importance of Walcheren is often bandied about in general accounts of the NW Europe campaign (usually as a way of bashing Bernard Montgomery's military competence), it was good to get a detailed accounting of what went into the battle in question. In particular, I was unaware about the amount of dike-busting that went into this operation and the amount of menace the local population was under. Also, the critics who wonder if this could have all too easily turned into another Dieppe probably have a point; in terms of manpower this looks like it was something of an economy-of-force operation and more motivation on the part of the Germans might have meant disaster.… (més)