The world as we know it is coming to an end...
With a second recession looming, Britain is facing a moment of truth. In the hundred years from 1914 to 2014 Britain will have exchanged its superpower status for that of a 'developing country', and the syptoms are already apparent: chronic debt, volatile growth and painful vulnerability to external events.
The names may change with intellectual fashion - the Developing World, the Third World, Less-Developed Countries, Emerging Markets or simply the Global South. But the destination is the same.
We are going south - rapidly.
Read the review 'Britain's Economic Decline' in Socialism Today 166
The age of the quick fix is over and Britain now faces the challenging task of turning itself around. But are we willing to make the sacrifices necessary to save our economy?