Noreena Hertz set to be unveiled as economics editor of ITV News
In The Silent Takeover: Global Capitalism and the Death of Democracy Hertz warned that unregulated markets, corporate greed, and over-powerful financial institutions would have serious global consequences that would impact most heavily on the ordinary citizen. Hertz received a record six-figure advance from Random House for the book which, in pre-publicity, she promised would “make economics sexy.” Although the book became a bestseller, it was not well-received when first published. Francis Beckett, for The Independent, later observed that the book “was lavishly praised and savagely attacked in equal measure” but had nevertheless “launched her as a new sort of thinker – the first prominent British radical left winger to come out of the business schools.” Howard Davies, reviewing it for London’s The Guardian newspaper, dismissed it as “globaloney”, written in “a style beloved of airport-newsstand business books: random statistic piled on borrowed anecdote, larded with a bit of homespun cod philosophy, shaken not stirred.”
Wouldn’t intellectual diversity actually be an interesting idea?