Archive for January, 2013

Spiked has published an updated version of my essay on inequality and the crisis. The notion that high inequality caused the economic and financial crisis that emerged in America in 2007-8 has become widely accepted. This claim should not be confused with the argument that an unequal society is morally or political undesirable. Instead it […]

It is hard to imagine a more vivid illustration of the government’s feeble approach to economic growth than its announcement on high-speed rail (HS2). It is certain that none of the much-vaunted growth or job creation will happen during the coalition’s term of office. Indeed it is far from certain the project will end up […]

This is my Perspective column from this week’s Fund Strategy magazine. What will the world look like in 2030? A recent report on the subject written by American intelligence analysts should also be of interest to investment professionals. Global Trends 2030 was produced by the National Intelligence Council. The organisation’s mission is to provide strategic […]

This article was part of my cover story from this week’s Fund Strategy magazine. The similarities between the biographies of Ed Miliband and those around him are astonishing. Indeed it is possible to build a picture of an identikit Miliband circle member to which most of them conform. Most have a degree in politics, philosophy […]

This is my cover story from this week’s Fund Strategy magazine. I will publish a related box shortly. Now is a good time to start considering what a future Labour government might look like. It is not certain when the next general election will be but the coalition government has completed at least half of […]

This is my Perspective column from this week’s Fund Strategy magazine. Just when the American economic debate seems like it cannot get any weirder it does. As in a Hollywood movie the sequel is generally worse than the original. After the fiscal cliff, or strictly speaking the second episode of the fiscal cliff, there was […]

This is a piece I wrote for Courtiers, a financial advice firm based in Henley. One of the few virtues of the Soviet Union was that it helped keep things simple. Economic and political debate essentially boiled down to a stark choice between capitalism and the Soviet model. Of course there was always some room […]

Only a few years ago industrial policy seemed as out-dated as black and white televisions. Yet it appears to be making a comeback across the political spectrum. Until the 1970s both of Britain’s main political parties accepted what was sometimes called “indicative planning”. The state was expected an active role in guiding the economy using […]

This is my Perspective column from this week’s Fund Strategy magazine. Bradley Wiggins and Jessica Ennis are to revoke their British citizenship in favour of Russian passports to be awarded directly by President Vladimir Putin. Fund Strategy can exclusively reveal that the Olympic stars will announce their move, a protest against the government’s economic policies, […]

This is a feature I wrote for the January issue of IPE (Investment & Pensions Europe) magazine. Asia has more actual and potential flashpoints than a public fireworks display. Simply listing them all would take up a large part of this article. They range from long-standing military enmities, such as the conflict between the two Koreas, […]