Hard Times: Inequality, Recession, Aftermath, by Tom Clark, Anthony Heath
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Hard Times: Inequality, Recession, Aftermath, by Tom Clark, Anthony Heath
Free Ebook Hard Times: Inequality, Recession, Aftermath, by Tom Clark, Anthony Heath
2008 was a watershed year for global finance. The banking system was eventually pulled back from the brink, but the world was saddled with the worst slump since the 1930s Depression, and millions were left unemployed. While numerous books have addressed the financial crisis, very little has been written about its social consequences. Journalist Tom Clark draws on the research of a transatlantic team led by Professors Anthony Heath and Robert D. Putnam to determine the great recession’s toll on individuals, families, and community bonds in the United States and the United Kingdom. The ubiquitous metaphor of the crisis has been an all-encompassing “financial storm,” but Clark argues that the data tracks the narrow path of a tornado—destroying some neighborhoods while leaving others largely untouched. In our vastly unequal societies, disproportionate suffering is being meted out to the poor—and the book’s new analysis suggests that the scars left by unemployment and poverty will linger long after the economy recovers. Politicians on both sides of the Atlantic have shown more interest in exploiting the divisions of opinion ushered in by the slump than in grappling with these problems. But this hard-hitting analysis provides a wake-up call that all should heed.
Hard Times: Inequality, Recession, Aftermath, by Tom Clark, Anthony Heath- Amazon Sales Rank: #3285714 in Books
- Brand: Clark, Tom/ Heath, Anthony (CON)
- Published on: 2015-05-12
- Original language: English
- Number of items: 1
- Dimensions: 7.80" h x 1.00" w x 5.10" l, .0 pounds
- Binding: Paperback
- 328 pages
Review ‘In charts and numbers alongside heartbreaking human stories, [Clark] paints a portrait of an already deeply divided society riven further between those hit by the slump and those barely noticing it. Clark’s powerful analysis illuminates the social history of recessions, as each one strikes down the same people and places over and over again, enriching the same few as quantitative easing did this time.’—Polly Toynbee, The Guardian (Polly Toynbee The Guardian 2014-04-25)“A sharply written rebuttal of prevailing orthodoxies about the realities of global economics after 2008.”—Kirkus Reviews (Kirkus Reviews)‘Hard Times by Tom Clark ought to be one of the books of the year.’—Nick Cohen, The Observer (Nick Cohen The Observer 2014-04-25)‘Narrating their version of what has happened is the purpose of Hard Times. Its power comes not from anecdote but from data. The authors, Tom Clark a Guardian journalist, and Anthony Heath, professor of sociology at Manchester University, have combined academic rigour with a reporter’s eye for the real story to expose what the Great Recession is doing to the fabric of British society, and why politics has failed.’—Rafael Behr, The Guardian (Rafael Behr The Guardian 2014-07-24)
About the Author Tom Clark writes daily editorials on politics, economics, and social affairs for The Guardian in London. Anthony Heath is professor of sociology, University of Manchester, and emeritus professor at the University of Oxford.
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1 of 1 people found the following review helpful. Excellent By Autamme_dot_com This is a book you don’t want to like because of its subject matter and the impact it has on many lives, yet it is a stunning, sensitive and impactful study at the same time.The authors take an academically focussed look at the 2008 financial crisis that is still reverberating around the world, carefully and neutrally examining the social consequences and noting that its impact is far from equal. Many are not really being affected at all and yet others are having their lives turned inside out. For many, society itself is changing and that brings its own challenges and opportunities – albeit depending at what end of the telescope you are looking through. The book’s research focuses primarily on developments in the U.K. and U.S., although other countries also get a look in too.Publicity material for the book gives a powerful starting point: “The ubiquitous metaphor of the crisis has been an all-encompassing ‘financial storm’ but (…) the data tracks the narrow path of a tornado - destroying some neighbourhoods while leaving others largely untouched. In our vastly unequal societies, disproportionate suffering is being meted out to the poor - and the book’s new analysis suggests that the scars left by unemployment and poverty will linger long after the economy recovers. Politicians on both sides of the Atlantic have shown more interest in exploiting the divisions of opinion ushered in by the slump than in grappling with these problems. But this hard-hitting analysis provides a wake-up call that all should heed.”After reading this book it is hard to disagree with these claims, even if many politicians and those in positions of power will do the equivalent of sticking their fingers in their ears whilst chanting “la la la!” According to some official views and statistics there is an economic revival in many countries, although there is no universal feel-good factor. Are statistics being modified or strongly leant up and redefined? If employment is up, for example, is this due to real, measurable expansion in the economy or people migrating towards temporary, zero hours or self-employment contracts. For the average man or woman on the street who is lucky to have a job, most agree that real-term pay has been steadily sinking for years, contributing to the sharpest pay squeeze since the 1860s and the most sustained decline on record.The book seeks to focus on verifiable facts – as befits an academic work – rather than political rhetoric and posturing. Naturally some may argue with the interpretation, such is their prerogative, yet the source of claims and references are given and can be tracked back. A clear case of “don’t shoot the messenger” even if the message is not pleasant reading – the authors are clear that the book is unashamedly about inequality, as well as about recession. Even though as a society many countries are better off than others and that we are comparatively richer than many of our ancestors, life is not necessarily a walk in the park for the majority of people. Yet for those at the bottom of society’s totem pole, it can be immensely hard if not nigh on impossible to slowly climb up.The authors have done well in cramming this book full of interesting material and making it readable both for the casual “regular Joe” as well as the academic. This is a book that might not change your life, but it will surely have you thinking differently about life and other people. It is a highly recommended “serious” read and at its price point it should not be missed.
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