We hear it all the time. It is a relentless drum beat on the left. Capitalism, we are told, is in crisis. This crisis is manifested in all sorts of ways. We - meaning those of us on the left - need to prepare. We need to counter attack. We need to seize this moment [more…]
With respect to my summer reading.
I have always been fascinated by information. Its role in the economy; its nature; and its effect on our institutions. Equally I am usually horrified by the abuse information gets in economic theory. To me asymmetries of information are the reason economies exist. They are the cause of [more…]
This is not a time to dwell on the inconsistencies and even contradictions of the recent uprising of populism in the western world. Treat it as a fact. It just is. For there can be no mistaking the trend: people, large numbers of people, in a large swathe of Europe and America really are unhappy [more…]
Like many people I am still trying to digest the lunacy of Brexit. I say lunacy because retreat from European integration is, in my opinion, a regression towards the pettiness of nationalism that we can ill afford at a time of ever increasing technologically driven proximity to one another.
Having said that I am astonished [more…]
My summary of the discussion prior to the Brexit vote:
Consequences be damned.
How very British.
Let's all remind ourselves of how this came about: the referendum was scheduled as a sop to the far right and traditionally anti-EU wing of the ruling Conservative party in order to shore up support going [more…]