Englands Greatness

In 2016 two surprising explosions of popular contempt for the existing order drove Britain into Brexit and paved the way for Trump’s presidency of the United States. On both sides of the Atlantic, proud regimes with global pretensions were levelled by justifiable revolts. But in the name of self-government, Brexit and Trump will intensify the authoritarian traditions of their outdated political systems. The Lure of Greatness is a blistering account of how and why this happened. The shadow of Iraq, the great financial crash, campaigns of poison and intrigue, the filleting of David Cameron with the cold fury of a Remain voter... these are just the start. At the book’s heart is the story of the institutional and constitutional implosion of the United Kingdom, the farce of ‘the sovereignty of parliament’, a passionate account of English nationalism and the absurdity of the ever-increasing and insidious influence of the Daily Mail. What emerges is a compelling summary of an EU in crisis, the fateful absence of a viable left alternative, the normality of immigration – all of which frame the reasons for the triumph of Leave. Anthony Barnett, co-founder of openDemocracy, applies a lifetime of observing, reporting and sedition in this searing analysis of the two great democratic disasters of our time.

In England's Cross of Gold, James Ashley Morrison challenges the conventional view that the UK's ruinous return to gold in 1925 was inevitable. Instead, he offers a new perspective on the struggles among elites in London to define and redefine the gold standard—from the first discussions during the Great War; through the titanic ideological clash between Winston Churchill and John Maynard Keynes; to the final, ill-fated implementation of the "new gold standard." Following World War I, Churchill promised to restore the ancient English gold standard—and thus Britain's greatness. Keynes portended that this would prove to be one of the most momentous—and ill-advised—decisions in financial history. From the vicious peace settlement at Versailles to the Great Depression, the gold standard was central to the worst disasters of the time. Economically, Churchill's move exacerbated the difficulties of repairing economies shattered by war. Politically, it set countries at odds as each endeavored to amass gold, sowing the seeds of further strife. England's Cross of Gold, grounded in masterful archival research, reveals that these events turned crucially on the beliefs of a handful of pivotal policymakers. It recasts the legends of Churchill, Keynes, and their collision, and it shows that the gold standard itself was a metaphysical abstraction rooted more in mythology than material reality.