Jeremy Corbyn, who is now leader of the Labour Party, proposes what amounts to a government takeover of the British economy. It is an economic programme which is almost entirely ignorant of the success of free enterprise. On Wednesday, for example, the World Health Organisation reported that child mortality had fallen by more than half […]
In a recent, thought-provoking CapX article, Alex Verkhivker and Hugo Winn argued that free-marketeers should support the introduction of a Financial Transaction Tax (FTT). Verkhivker and Winn make three key arguments in favour of an FTT: it would curtail damaging high frequency trading, it would increase liquidity and it would force the financial sector to […]
When Winston Churchill declared in 1909 that it was “a serious national evil that any class of His Majesty’s subjects should receive less than a living wage in return for their utmost exertions”, he was speaking to a Britain which was poorer and sicker than anything we might imagine now. People could expect to live […]
In his speech today, Ed Miliband argued that increasing productivity is the key to stronger growth, higher living standards and faster deficit reduction. He was of course right. It was therefore a shame that his solutions did not meet the challenge he outlined. If as a country, we are not producing more for every hour […]
As lightning struck Athens on Monday and the new Syriza-led government came to power, Greek banks began one of their most turbulent weeks in recent years. Shares in the Greek financial sector fell by almost 44% from Monday to Wednesday before climbing by 13% on Thursday. If a week is a long time in politics, […]
As the ECB meets tomorrow to decide its next move, it can now add the risk of a deflationary spiral to the list of the currency bloc’s afflictions. With rising real debt burdens, perennially high unemployment and stagnant growth, it is difficult to be optimistic about the Eurozone. The timidity of the response to this […]
We know that Soviet countries flourished after the breakdown of the Iron Curtain, improving life for millions of people, but exactly how did things change? In an exclusive for CapX, Tim Knox and Adam Memon of the Centre for Policy Studies draw up 9 graphs to explain everything you need to know about life in […]
Innovation is the fundamental factor which increases living standards. From curing diseases to speeding up our daily commute to improving crop yields, innovation makes us healthier, wealthier and happier. Innovation is thus one of the key ingredients of productivity growth which in turn is the key ingredient for economic growth and acceleration of real wages. […]
