Robert Peston

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How Do We Fix This Mess?

book | Non-Fiction | 2012
World English → Hodder and Stoughton

Robert Peston explains how the world got itself into the current economic mess - and how we might get out of it.

'How do we fix this mess? I don't know. But don't stop reading now. Perhaps if we have a clearer understanding of what went wrong, we'll have a better idea of what needs to be done. This book is a map of what needs to be fixed.'

The record-breaking unbroken growth between 1992 and 2008 wasn't the economic miracle that it seemed. It was based on a number of dangerous illusions - most notably that it didn't matter that the UK and US year after year consumed more than they earned. But we couldn't go on increasing our indebtedness forever. The financial crash of 2007/8 and the subsequent economic slump in much of the west was the moment when we realised we had borrowed more than we could afford to repay.

So who got it wrong? Bankers, investors and regulators? And were they greedy, stupid or asleep? What was the role of government? And what part did we, as consumers, play in all this? How do we get through this difficult period of transition to a more sustainable economy, one based on investment and exports, rather than on borrowing and consumption? With the same probing lucidity he brought to Who Runs Britain?, Robert Peston takes us step-by-step towards a common sense way to fix this mess.

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Lisa Babalis manages the translation rights for How Do We Fix This Mess?

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Media
How Do We Fix This Mess?
Reviews

Robert Peston's compelling account of global financial meltdown is essential reading.

Peter Preston
The Guardian

We are living through the first global banking crisis of the television age, let alone the digital age, and for British audiences Robert Peston has become its voice. Philip Augar
The Financial Times

Just when you thought it was safe to go out into the economy again, along comes the BBC's business editor Robert Peston with another dose of grim economic reality.

Iain MacWhirter
The Herald Scotland

Robert Peston's compelling account of global financial meltdown is a must-read... His discursive, conversational but entrancingly fact-studded trip around the disaster zone ought to be mandatory reading for anyone who wants to have a voice in where we go from here. Peter Preston
The Observer

Mr Peston, an award-winning print journalist before he became the business editor of the BBC, has many strengths. Chief among these are his sources and a terrier-like determination to get the story. Mr Peston passionately articulates why everyone should be frustrated with the banking sector—and financial globalisation more generally. For a tale of how the British banks blew up, readers will find juicy details.
The Economist