The World We're in

t is a very unusual for a book of ideas both to have an effect on policy makers and catch the popular imagination which THE STATE WE'RE IN triumphantly achieved. THE WORLD WE'RE IN could affect the future of Britain. Questioning whether capitalism is monolithic or reflects the distinct civilisation in which the market economy is embedded, Will Hutton calls for Europe to create a unified countervailing balance to the globally exported American model - a model which accepts a high degree of inequality and social regulation in return for capitalist vitality and is increasingly being interpreted through a fundamentalist prism. Washington may be the new Rome but the world will be a better and safer place if its ambitions are balanced and it is this which makes the single currency so important. The Euro is the sole potential rival to the dollar and THE WORLD WE'RE IN, a powerful analysis of the world market to be published before the British referendum, is as political as it is profound.