Wednesday, 14 January 2009

Vince Cable: The Storm



Vince Cable has a book coming out-I heard it first on the Newsnight Review. I am sure Mr Broadhurst will be stocking it. Simon Shaw also note Vince's success elsewhere; Vince Cable for Chancellor! Last Week’s Vote. Lib Dem Shadow Chancellor Vince Cable stole ahead in last week's vote, taking a full 34% of the vote and putting Gordon Brown firmly in second place, with just 21%. Kenneth Clarke was the only other real challenger, with 18%. Not George Osbourne's vote. Anyway back to the book.

Amazon says of it:

Review

'Cable's the star of Newsnight's credit-crunch discussions, the go-to guy for a sagacious economics quote for broadsheets' front-page leads, the man whom Tory Alan Duncan described as "the holy grail of economic comment these days".

' Stuart Jeffries, Guardian 'Everything a politician should be and everything most politicians are not.'

Jeff Prestridge, Mail on Sunday 'A heavyweight in anybody's cabinet'

Matthew Parris, The Times"

Product Description

In this brilliantly incisive short book, Vince Cable, the most universally respected parliamentarian on the current world economic crisis, explains how we got here and where we're going.

There are some eerie similarities between the booming, increasingly integrated, global economy of the early twentieth century, at the end of that long era of peace, and the booming, increasingly integrated, global economy of recent years. Then, a golden age of rising prosperity was destroyed by war, inflation, depression, protectionism and another war. Yet the necessary lessons seemed to have been learned after World War II. Governments understood that they had a role in providing financial economic stability and a welfare safety net to complement, and to mitigate the harshness of, dynamic capitalist economies.Yet within a short period of time this comfortable consensus has given way to something alarming: an economic storm has blown up with remarkable speed for which few appear prepared. A series of adverse developments have coincided and reinforced one another: the credit crunch; bursting bubbles in housing market; the commodity price shock, particularly for oil; and, a breakdown in multilateral economic cooperation, notably over trade. To pursue the storm analogy, it has already become clear that some of the boats are not as sea worthy as their owners claimed. Captains and crew, as well as passengers, are panicking. And the worst of the storm is yet to come.

About the Author Vince Cable is Member of Parliament for Twickenham and has been the Liberal Democrats' main economic spokesperson since 2003, having previously served as Chief Economist for the oil company Shell from 1995 to 1997. He was elected as deputy leader of the Liberal Democrats in March, 2006 and was acting leader of the Liberal Democrats until the election of Nick Clegg. He is currently the Deputy Leader of the Liberal Democrats.