Bandit Capitalism: Carillion and the Corruption of the British State
By Bob Wylie
()
Currently unavailable
Currently unavailable
About this ebook
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 £29 million in the bank and debts and other liabilities adding up to a staggering £7 billion. When the total losses were counted it was established that the banks were owed £1.3 billion in loans and that there was a hole in the pension fund of £2.6 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.
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 now runs his own media consultancy, which frequently delivers on trade union projects, including work with the GMB.
Related to Bandit Capitalism
Related ebooks
Trailblazer: From the Mountains of Kashmir to the Summit of Global Business and Beyond Rating: 0 out of 5 stars0 ratingsGood Governance Gone Bad: How Nordic Adaptability Leads to Excess Rating: 0 out of 5 stars0 ratingsAll You Can Worry About Is Tomorrow Rating: 0 out of 5 stars0 ratingsHow Should A Government Be?: The New Levers of State Power Rating: 0 out of 5 stars0 ratingsLifting The Floor Rating: 0 out of 5 stars0 ratingsA Petty Trader Driven by Purpose: a Biography of Mofopefoluwa Joseph, Frm Rating: 1 out of 5 stars1/5The Eddie Stobart Story Rating: 0 out of 5 stars0 ratingsChina and Japan: New Economic Diplomacy Rating: 0 out of 5 stars0 ratingsHow to Deal with Damn Near Anything: The Paratrooper's Guide to Life Rating: 0 out of 5 stars0 ratingsCrypto Crackup: Sam Bankman-Fried, FTX, and SBF's Weird Island Empire Rating: 0 out of 5 stars0 ratingsPAYDIRT: Mining for Profits with Gold & Silver Stocks Rating: 0 out of 5 stars0 ratingsRents to Riches?: The Political Economy of Natural Resource-Led Development Rating: 0 out of 5 stars0 ratingsCapitalism, the Swiss Model Rating: 0 out of 5 stars0 ratingsEfficiency and Competition in Chinese Banking Rating: 0 out of 5 stars0 ratingsPlanet VC: How the globalization of venture capital is driving the next wave of innovation Rating: 0 out of 5 stars0 ratingsJoe Wilson and the Creation of Xerox Rating: 4 out of 5 stars4/5New York City Mutual Savings Banks, 1819-1861 Rating: 0 out of 5 stars0 ratingsEconomic Insights from Input–Output Tables for Asia and the Pacific Rating: 0 out of 5 stars0 ratingsThe Itinerant Economist: Memoirs of a Dismal Scientist Rating: 0 out of 5 stars0 ratingsThe Next Revolution in our Credit-Driven Economy: The Advent of Financial Technology Rating: 5 out of 5 stars5/5Wall Street Scandals: Greed and Trading on Wall Street the American Way Rating: 0 out of 5 stars0 ratingsThe life of Isambard Kingdom Brunel, Civil Engineer Rating: 0 out of 5 stars0 ratingsWhistleblowers: Broken Lives and Organizational Power Rating: 0 out of 5 stars0 ratingsTell Me Why I Can't: Winning My Battle with China by Making It in America Rating: 5 out of 5 stars5/5No-Nonsense Guide to the Arms Trade, 2nd edition Rating: 0 out of 5 stars0 ratingsA Time for Reflection: An Autobiography Rating: 5 out of 5 stars5/5Village Diary of a Heretic Banker Rating: 0 out of 5 stars0 ratingsHoop Dreams Down Under Rating: 0 out of 5 stars0 ratingsHow and Why to Design an Off-Grid Electrical System Rating: 0 out of 5 stars0 ratingsBritain’s Cities, Britain’s Future Rating: 0 out of 5 stars0 ratings
Business For You
The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Emotional Intelligence: Exploring the Most Powerful Intelligence Ever Discovered Rating: 5 out of 5 stars5/5Limited Liability Companies For Dummies Rating: 5 out of 5 stars5/5Carol Dweck's Mindset The New Psychology of Success: Summary and Analysis Rating: 4 out of 5 stars4/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5How to Write a Grant: Become a Grant Writing Unicorn Rating: 5 out of 5 stars5/5Robert's Rules Of Order Rating: 5 out of 5 stars5/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5The Everything Guide To Being A Paralegal: Winning Secrets to a Successful Career! Rating: 5 out of 5 stars5/5Grant Writing For Dummies Rating: 5 out of 5 stars5/5Crucial Conversations: Tools for Talking When Stakes are High, Third Edition Rating: 4 out of 5 stars4/5The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers Rating: 4 out of 5 stars4/5Robert's Rules of Order: The Original Manual for Assembly Rules, Business Etiquette, and Conduct Rating: 4 out of 5 stars4/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5Tools Of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 4 out of 5 stars4/5How to Get Ideas Rating: 5 out of 5 stars5/5Just Listen: Discover the Secret to Getting Through to Absolutely Anyone Rating: 4 out of 5 stars4/5Law of Connection: Lesson 10 from The 21 Irrefutable Laws of Leadership Rating: 4 out of 5 stars4/5Leadership and Self-Deception: Getting out of the Box Rating: 4 out of 5 stars4/5The Five Dysfunctions of a Team: A Leadership Fable, 20th Anniversary Edition Rating: 4 out of 5 stars4/5Summary of J.L. Collins's The Simple Path to Wealth Rating: 5 out of 5 stars5/5
Reviews for Bandit Capitalism
0 ratings0 reviews