Short-Changed!

How the rich and powerful extract wealth from the real economy and what WE can do about it

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Pub Date 12 Oct 2021 | Archive Date 09 Nov 2021

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Description

Don't be surprised if you are feeling short-changed, because it's true for ninety per cent of us!

SHORT-CHANGED! lifts the lid on how vast amounts of wealth in the hands of just one per cent of the population is misused to control not only our economy but also our politics.

This immensely readable account of how we live and work identifies the fundamental flaw in our political economy. Quite simply, money has been misused since time immemorial. Money was only ever intended as a measurement system to facilitate the fair exchange of goods and services. Its use should be restricted to spending, saving, or giving away. However, we have all misguidedly accepted that one’s personal wealth can be increased by using it to extract income from the work of other people. The truth is that it is work, not money, that drives our real economy.

SHORT-CHANGED! is not a dry explanation of economics; it is based on understandable common sense. This book will show you how:

• Money has been misused since before economists existed

• Work, not Money drives our real economy

• We live in a de-facto Plutocracy, not a real Democracy

• There is a better way of living, if we all ask the right questions and work together


About the author

Jim Wright gained extraordinary insights into the practicalities of our economy as a successful entrepreneur and businessman. He was the founding CEO of JK Lasers Limited in 1971 which became a world leader in the development of lasers for industrial, medical and research applications. This not only gave him first-hand experience of the financial world in going from start-up to multi-national public company, but it also brought him into contact with leaders in a wide range of manufacturing businesses as well as universities, politics, and the NHS. Now in retirement he has used his proven innovatory thinking capacity, and a zero based approach, to pinpoint the fundamental flaw in our economic system that has been missed or ignored by economists.

Don't be surprised if you are feeling short-changed, because it's true for ninety per cent of us!

SHORT-CHANGED! lifts the lid on how vast amounts of wealth in the hands of just one per cent of the...


Advance Praise

"Economics is too important to be left to economists." - Abhijit V Banjerjee & Esther Duflo, 2019 Nobel laureates for economics

"Economics is too important to be left to economists." - Abhijit V Banjerjee & Esther Duflo, 2019 Nobel laureates for economics


Available Editions

EDITION Paperback
ISBN 9781800421141
PRICE £10.99 (GBP)

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Featured Reviews

Fantastically enjoyable and hard to put down common sense. From the start I felt I was in the presence of someone who had been observing the financial system and asking: "Why can't - or more likely 'won't - we see that this doesn't work for the regularly financed person? Really, my only question now is : What really can be done about this mess?

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