Like the Covid pandemic, the war between Ukraine and Russia was not foreseeable. However, despite conventional thinking, the current cost-of-living crisis has causal strands other than the war and the pandemic. These strands lie chiefly [more…]
Warren buffet famously quipped: “When the tide goes out you can see who has been bathing naked!” Now we know! Both candidates for the premiership are senior Conservative Cabinet members and Ministerial office-holders, and naturally [more…]
What a spectacle! Two former colleagues, erstwhile members of Boris Johnson’s discredited cabinet, now vying with each other for the top job. Collegial unanimity of purpose has given way to visceral rivalry – gloves off [more…]
A paradox is an apparent absurdity or contradiction that, on close investigation, is found to be true. What’s happening in government right now is hardly paradoxical – it certainly appears to be both absurd and [more…]
This proverb spells out the link between waste and impoverishment. Economic Perspectives 112 highlighted the inevitability of massive waste of public money when government expenditure is not susceptible to economic calculation. ”Would I sanction this [more…]
In 1798 Thomas Malthus postulated his gloomy theory that the growth in population must always outstrip the means of subsistence needed to support it: “Population, when unchecked, increases in a geometrical ratio. Subsistence increases only [more…]
Shortly before the Chancellor’s Spring Statement, BBC2’s “Newsnight” featured Kirsty Wark interviewing two economic experts, one Conservative, one Labour. She asked each of them to describe the measures they would recommend to the Chancellor, Rishi [more…]
Last month I wrote about the massive waste implicit in government-sponsored bureaucracy – at local and central levels. The craving for a sense of importance leads small-minded apparatchiks to seize power over others by controlling [more…]
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