Richard Walker

Richard Walker is a journalist and communications adviser to financial companies.

Articles

Economics

Don’t worry, Italy won’t bring down the banking system

Last weekend’s referendum defeat for the Italian Prime Minister, Matteo Renzi, has been depicted as another pro-populist blow against the European Union and its minions, and an advance tremor ahead of the coming collapse of the Italian financial system. It is neither. If there were anything “populist” and anti-status quo in this drama, it was […]

World

Will Brexit protect or destroy wealth?

“The British people didn’t vote to make Britain poorer,” said Phillip Hammond of Brexit recently. Sounds fair. People won’t drink the potion unless they have reason to think it will do them good. But here’s the trouble. When will we know if Brexit is good or bad for us? Is it even possible to know? […]

Ideas

South Sudan: a lesson to the world in how not to build a nation

There is no standard definition of what makes a country viable as a country. What are the materials, the history, the culture, the institutions that allow a territory to grow into a something more than just a geography of resources? What are the building blocks of an accountable and democratic state? Whatever these ingredients are, we know […]

Politics

All The Kremlin’s Men: decoding Putin’s game

“Russia is Putin. Russia exists only if there is Putin. There is no Russia without Putin.” These are the words of the Kremlin’s current policy-wizard-in-chief, Vyacheslav Volodin. Many people in Russia happily believe this kind of clap-trap, and even the many who don’t are quite content to live with it. How did it get to […]

Reviews

Peter Hennessy mastered the political profile

The political profile is a paradoxical thing, and that is part of its fascination. Power is rarely introspective: at its height it is usually unable to reflect or describe itself, and even at rest the last person you would ask for insight into the politician is the politician. But there comes a phase in political […]

Culture

Leadership lessons from hipster central

According to one estimate there are about 11,000 business books published every year. Many sell well and some sell millions: business advice is very big business. Companies and entrepreneurs – the active ingredients of capitalism – seem to be weirdly desperate to find out how to operate the machinery of capitalism. Leadership, teamwork and organizing […]

Culture

Son Of Saul: An image of horror and beauty

Son of Saul is the most relentless, disturbing, upsetting film you are likely to see this year, or any year. It is like a nightmare torn out of the subconscious and made real. It is essential viewing. To say that Son of Saul is a horror film is merely to underline the inadequacy of cinematic […]

Culture

Inside Kathmandu, a Himalayan mystery

You drop down through pewter clouds, down into a valley of green and brown with rivers like veins of mercury. Kathmandu! Even the name is powerfully magnetic, drawing in dreamers and crooks from every corner of the earth. Up until the 1950s the Kingdom of Nepal remained closed, a Himalayan mystery; today fifty dollars cash […]

Culture

Eye In The Sky: Drone drama comes of age

Now the terrorists are on the screen in front of you, live, just as it happens. Their bombs are primed and ready for use, today. Their automatic weapons are loaded. Yet all the while above the jihadi house a Reaper drone circles at 20,000 feet, its missiles locked on to the very room where the […]

A Picture of Cape Verde

In the islands of Cape Verde off the coast of West Africa there is an institution called the aluguer. Perhaps ‘institution’ is too weak a word. The aluguer – from the Portuguese verb ‘to rent’ – may at first sight seem nothing more than a shared taxi in the form of a Toyota van or […]

Government

The descent of Egypt

In January this year an Italian graduate student from Cambridge University disappeared in Cairo. Giulio Regeni had been researching independent trade unions in Egypt; on the evening of January 25 he was on his way to meet an academic colleague from the British University in Cairo. According to the Associated Press news agency Regeni got […]

Culture

The Propaganda Game: Inside North Korea’s Dreamworld

The Propaganda Game is a documentary film made inside North Korea that attempts to take that mysterious country’s version of reality at face value. Set mostly in the capital Pyongyang it shows North Koreans eating ice cream in the street, skateboarding in the park, and generally larking about during what seems to be a perpetual […]

Culture

The Oscars: time to place your bets

Heads up: the Oscars ceremony is on the last Sunday in February. By the end of the evening you can expect some serious surprises and some cruelly overlooked losers, accompanied by public emotions that may even be real. By far the biggest deal of the night is the award for ‘Best Picture’. This is the […]

Culture

Aleppo through the eyes of history

According to an account by Leonard Rauwolff, a German doctor and botanist who visited Aleppo around 1575, the following story was told (by a palace gardener) of Suleiman The Magnificent, the Ottoman emperor. Suleiman was being solicited by his advisors in Aleppo to drive the Jews from the empire. The emperor heard them out. And […]

Culture

CapX Reviews: Spotlight deserves several Oscars

So far it is shaping up to be a big year for Oscar-nominated ‘true life’ stories in the cinema. This weekend following hard behind The Big Short comes Spotlight, a film about two great American institutions – the big city newspaper and the Catholic church. Spotlight is the name of the investigative desk at The […]

Competition

Chinese money on Sunset Boulevard

Wang Jianlin is China’s richest man. With a personal fortune of over $30 billion, he owns businesses that range from department stores to commercial property, from e-commerce to media to tourism. But that is not enough for Wang Jianlin: in the past he has made no secret of the fact he also wants to be […]

Culture

CapX Reviews The Big Short

Successful investors are lucky. With the kind of timing that most PR people can only ever dream of, Paramount Pictures has chosen a week when stock markets around the world have been in freefall for the UK release of The Big Short, which is a film about the last time that stock markets around the […]

Investment

Tech goes Transatlantic

Is the global economy on the brink of recovery or the brink of disaster? If merger and acquisition activity is any measure – and most corporate economists think it is – then things are going great guns. When economies slow down or crash, companies stop investing for the future and M&A activity comes to a […]

Reviews

The Force Awakens: The franchise redeemed

The astonishing global success of Star Wars is a partly inexplicable phenomenon. Why is this sometimes entertaining but always derivative space opera the most valuable piece of intellectual property the world has ever seen? That mystery is now part of its success. Decade in and decade out audiences queue and queue again, as if to […]

Culture

Venice in Winter: a city of fictions and forgeries

A masked participant sits in a cafe in St.Mark's Square in Venice, Italy. Marco Di Lauro / Getty Images