It is now a commonplace argument that capitalism is under threat. But what is the underlying problem?

This brilliant book by the bestselling author of The Rotten Heart of Europe argues that both capitalism's defenders and its detractors are wrong. The principal culprit is not the moral failure of individuals, nor structural failures in politics and society — glaring though failures of both sorts have been. Instead, there has been a catastrophic intellectual failure. The academic macroeconomics industry and the central banks who are both patron and client of that industry are themselves in the process of destroying capitalism.

In this epoch-defining book, internationally acclaimed economist Bernard Connolly argues that getting off the conveyor belt to destruction is possible, but it will require a profound reorientation of social structures and a whole new understanding of economics.

'Bernard Connolly is one of the five most prescient global financial strategists in the world today. Everything he writes is light years ahead of the pack.' — David Smick, The International Economy

'Bernard Connolly is a seer; one of the most penetrating intellects I have ever encountered. This book matters. And it will be unmissable.' — Paul Tudor, Tudor Investment Corporation

'There are plenty of books already out on the subject. Few are written or likely to be written by an economist with the depth of understanding of both the political and economic drivers of the shifting sands of the west as Bernard Connolly.' — MoneyWeek