George Osborne says capitalism and democracy are 'in crisis' as he announces new book
George Osborne has claimed democracy and capitalism are "in crisis", as he announced the launch of his new book.
The former Chancellor said he wanted to use his experience of “victory and defeat” to tackle the issue of "populist nationalism".
Mr Osborne, who was sacked from Theresa May's new government in July, has provisionally titled his new book "Age of Unreason."
He also suggested the US presidential candidate Donald Trump poses a risk to "peace, prosperity and security".
Speaking ahead of the book's completion, he said: "I want to apply the lessons I’ve learnt in victory and defeat to the urgent challenge of this Age of Unreason. Capitalism and democracy is in crisis.
"The west is in retreat. The forces of populist nationalism and prejudice are on the rise, amplified by new technology.
"The likes of Donald Trump say to people: ‘what the hell have you got to lose?’. The answer is: ‘a lot’. Peace, prosperity and security. It’s time to say so. It’s time for the defenders of open societies and free markets to fight back.
Mr Osborne said the rise of populist movements “threatens the bonds that keep our societies prosperous, strong and united”.
The announcement follows the release of political memoirs by Nick Clegg, Ken Clarke and the former director of communications to David Cameron, Sir Craig Oliver.
Arabella Pike, publishing director of William Collins, said: “It is a book to address the biggest issues of our age - The Age of Unreason - and sets out plans to give more people capital in capitalism, control over their work, their communities and their money. The book could not be more timely or important.”
Since returning to the backbenches Mr Osborne has criticised Theresa May’s focus on grammar schools policy and pledged to stand up for his beliefs.
Mr Osborne has said Mrs May was "the best person for the job of the candidates who put themselves forward”.
The intervention fueled speculation that Mr Osborne still holds out hope of becoming prime minister, given he is only 45, while Mrs May is 59.
