THE TOP TEN ECONOMIC MYTHS
The Top Ten Economic Myths Debunked by Stewart McGill discusses the most potent myths promoted in the capitalist world: the Luddites were thugs; the arrant nonsense about public finances and taxation; the exaggerated role of private capital in innovation; the value to the economy of the finance sector; the supposed benefits of free trade; the neglect of the importance of the manufacturing sector and the exaggerated reports of its demise; the 1970s being a time of economic disaster; capitalism “rescuing” billions from poverty and inflation being down to both natural economic laws, and working people daring to ask for a pay rise. McGill urges the reader to seek understanding beyond the myths the bourgeois media promotes, and provides people with the analytical tools and facts to do so.
ABOUT THE AUTHOR
Stewart McGill used to work in the financial sector. He now teaches martial arts for a living and writes on political economy and football. He is a contributing editor with Manifesto Press. Three of his works are being published in Manifesto’s Workers’ and Students’ Guide; The Top Ten Economic Myths, Socialism or Extinction, and Straight Lefts on Inflation.
WORKERS’ AND STUDENTS’ GUIDES
Manifesto Press’ Workers’ and Student’s Guides aim to provide a solid foundation for informed discussion that challenges the facile prejudices and myths imposed by bourgeois hegemony. Where ideological discussions that spring from daily life, the mass media and the world of work our Guides aim to arm working people with the arsenal of ideas that serve the aim of winning working class political and state power.
This series will provide that arsenal by bridging the divide between the zeitgeist discussion and the political and cultural reality. The information provided will be applicable and relevant to the readers everyday life as a worker, influencer, negotiator, and a participant in the cultural conversation. They will also provide a means of questioning the dominant narratives fed us by the media, a tool that can undermine the bourgeois hegemony at source.