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Bandit Capitalism By Bob Wylie

Bandit Capitalism

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The Carillion scandal is the latest in a series of major financial collapses which have signalled a crisis in current capitalism. This book examines the causes and consequences of this crisis.

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Bandit Capitalism Summary


Bandit Capitalism: Carillion and the Corruption of the British State by Bob Wylie

The collapse in January 2018 of the construction giant Carillion, outsourcer of huge Government building contracts, is one of the great financial scandals of modern times. When it folded it had only GBP29 million in the bank and debts and other liabilities adding up to a staggering GBP7 billion. When the total losses were counted it was established that the banks were owed GBP1.3 billion in loans and that there was a hole in the pension fund of GBP2.6 billion.That left British taxpayers picking up the tab to salvage the pensions owed to Carillion workers.

On one level, this is a familiar story of directors who systematically looted a company with the aim of their own enrichment. But in a wider context the Carillion catastrophe exposes everything that is wrong about the state we are in now - the free-for-all of company laws which govern directors' dealings, the toothless regulators, the crime and very little punishment of the Big Four auditors, and a government which is a prisoner of a broken model born of a political ideology which it cannot forsake. Through the story of Carillion, Bob Wylie exposes the lawlessness of contemporary capitalism that is facilitated by hapless politicians, and gives a warning for the future that must be heeded. Bandit Capitalism charts, in jaw-dropping detail, the rise and rise of the British Oligarchy.

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'It is riveting reading... Brilliant... You have made a complex issue accessible to the masses'

-- Professor Prem Sikka, University of Sheffield

About Bob Wylie


Bob Wylie is well-known for his 14 years with BBC Scotland as a news correspondent. More recently he was the chief of staff and senior advisor to the Leader of Glasgow City Council, for almost two years. Then for a similar time he was the media director with the Unite union in Scotland. He is now a media consultant with GMB Scotland.

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Additional information

GOR011103735
Bandit Capitalism: Carillion and the Corruption of the British State by Bob Wylie
Bob Wylie
Used - Very Good
Paperback
Birlinn General
2020-06-01
304
178027596X
9781780275963
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us.