Economics

Ideas

What’s gone wrong with France?

There were gasps of horror this week when a new poll confirmed that Marine Le Pen, of the far-right Front National, was maintaining her place among the favourites in the race to replace Francois Hollande in the Elysee Palace. It is now almost certain that Le Pen will make it through to the final round […]

Economics

Capping profits only benefits crony capitalists

Since the 1990s, Sweden has had a thriving welfare sector in which private firms, through vouchers or public contracts, carry out the provision of many welfare services. This has worked out well overall, as the for-profit schools, care for the elderly and health services are popular with the general public. Additionally, the public sector can […]

Ideas

The capital gap is tearing the generations apart

Ever since the times of Karl Marx, left-wing economists have focused on capital – who owns it, and how can they use it to exploit the working class to make a buck. Thankfully, Marxist predictions of the proletariat rising up in revolution and seizing ownership of the means of production have rather spectacularly failed to […]

Ideas

How we are beating hunger in 5 graphs

It can be hard to remember that even in wealthy countries, food has not always been abundant, and in many parts of the world hunger remains a problem. Fortunately, we are making great headway towards solving it. Here are five charts summarizing the incredible progress that humanity has made against hunger. 1. According to data […]

Economics

Why do the British dislike the free market?

Renationalising the railways? That is the new Labour leader’s “new politics”. Jeremy Corbyn advocates a reheated Andy Burnham policy of taking each line into public ownership as the franchises expire. A policy of returning to the glorious past of British Rail. Oh but it is popular, they say. So are One Direction. It doesn’t make […]

Ideas

There will be a price to pay for QE

The explosion of “money-printing” since the financial crisis is a dangerous delusion which has stored up trouble for the future, says Liam Halligan, writing for CapX.  A Western central banker is ordering a pizza over the telephone. “Should I cut your pizza cut into six slices or eight slices, sir?” asks the youthful restaurant staffer. […]

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