The zombie menace of anti-capitalist thought November 3, 2011 WHEN the Occupy protest movement began, how twenty-first century it seemed: leaderless, emergent and driven by a fury at unprecedented cronyism between high finance and high politics. But how quickly it has decayed, in its London incarnation at least, into reheated anti-capitalist slogans with nothing original to say. Commerce is ancient, and so is the [...]
RAPID RESPONSES November 3, 2011 Rowan has fire Rowan Williams [Why the Archbishop has got it wrong, Wednesday] only gets the chance to get heard nationally when the opportunity is afforded to him. The media will publish a heated political perspective but would they allow a regular briefing on day-to-day morality or spiritual growth? Unlikely. I look forward to a [...]
Time to reach for the stars: Britain’s new space industry has the potential to blast off November 2, 2011 SIR RICHARD Branson opened the world’s first commercial spaceport last month. As his new venture Virgin Galactic recognises, space is an industry where the sky’s not the limit. For too long the domain of superpower rivalry between America’s Nasa and Russia’s Federal Space Agency, space is now giving way to the private sector, funded by [...]
To secure credit in the future we need clear rules November 2, 2011 THE latest uncertainty over a Greek referendum to agree debt writedowns demonstrates, now more than ever, that reliance needs to shift from banks to the securities market for the risk capital needed to fund future economic growth. The G20, which meets today, therefore needs to take steps to revive risk capital markets to support growth, [...]
If the City didn’t exist, we’d need to invent it November 2, 2011 WHAT have financial services ever done for me? It is a question that the Occupy the London Stock Exchange protesters could well ask themselves, as they bring the church (rather than capitalism) to its knees. The public debate about financial services has focused on bonuses and risks, but there has been virtually no discussion of [...]
RAPID RESPONSES November 2, 2011 Rites and wrongs I think Allister Heath [Why the Archbishop has got it wrong, yesterday], fails to understand the Church of England. There is plenty of room for Anglicans to disagree. Indeed, the Church of England was founded on dialogue. Moreover, theology is not much interested in the capitalism versus socialism debate. Rather, Rowan Williams [...]
It’s not just the Eurozone: A trade crisis is growing. The G20 must show leadership November 1, 2011 THE crisis spawned in 2007 has in many ways come to resemble Hydra – the mythical many-headed serpent of Ancient Greece, which grew two new heads every time one was cut off – already last Wednesday’s Brussels Summit shows no sign of marking a true turning point for the Eurozone. And while the euro-crisis commands [...]
We need to teach financial literacy in all UK schools November 1, 2011 IT IS significant the e-petition calling for compulsory financial education in schools has this week become one of the first petitions to reach the threshold of 100,000 signatures and that the All Party Parliamentary Group (APPG) on Financial Education for Young People is the largest in parliament, with 224 cross-party MPs. We are a financially [...]
Forcing others to obey is the issue, not greed November 1, 2011 MANY of those occupying Wall Street and the City of London object to corporate greed. Yet greed is usually harmless. For example, I may well be greedy. I would like to earn more despite already earning what many of the protesters would consider more than enough. But my greed is harmless because I cannot force [...]
RAPID RESPONSES November 1, 2011 Simply complex In response to Gemma Godfrey [The EU’s decision process: It’s not rocket science, on Monday], I think we’ve outlived a time where the world economy worked mostly in a linear fashion that’s easy to grasp and extrapolate (e.g. if exports grow by X per cent, and unemployment falls by Y per cent, GDP [...]