The unravelling of Iraqi society set the context for the emergence of the Islamic State-led insurgency in Iraq. But the role played by IS is a byproduct of the flows of capital and ideology in a much wider theatre of power.
Kurdish nationalism in Iraqi-Kurdistan has been transformed from an ideology that strengthened resistance to the Iraqi Baathist dictatorship to a tool now being employed to help build shopping malls.
An extended extract from Marcus Chown's new book, What A Wonderful World, on capitalism, its history, its myths, and why change is needed to correct our 'disembedded' economy.
Martin Wolf’s suggestions for an overhaul of our economic system are sensible, but fundamentally insufficient for the Great Transformation we need.
Martin Wolf recognizes many of the ills of our existing economic arrangements, but his solutions involve little more than tinkering.
If Martin Wolf remained true to his analysis, he would endeavour to explain the win-win-situation of an internationalisation of some taxation in order to regain national tax sovereignty and provide for the appropriate means to generate more equality effectively.
Martin Wolf has presented a provocative diagnosis of the current flaws found in capitalism. Unfortunately, he has nothing to say about the biggest issue of all – how to transform capitalism so that it does not continue to destroy the planet.
