The title of Kristian Niemitz’s latest book, “Socialism: The Failed Idea That Never Dies”“Socialism: The Failed Idea That Never Dies”, is easily explained by the current crisis. We are experiencing a re-emergence of a giveaway [more…]
It’s not quite like having to start the economy from scratch, but this lockdown-induced recession warrants some detached assessment. We are aware that viable businesses have been forced to close their doors – or keep [more…]
Or have we? In the course of more than four weeks of self/family isolation we have all encountered mountains of speculation on the sources of Covid-19; how it spreads; estimates of its final tally of [more…]
It’s easy to blame Covid-19 virus for the nation’s woes and, up to a point, that’s understandable. People who focus exclusively on the nation’s health tend to pay less attention to the economic damage wrought [more…]
I am writing this in South Africa, where its currency, the rand, provides a useful illustration of the effects of monetary inflation described in Part 1. When I was last here, three years ago, the [more…]
I am typing this in the SAA Business Lounge of Durban airport, awaiting a call to board a flight to Johannesburg, where we are due to take the last flight to London before all international [more…]
If government has a duty to protect the lives, property and civil liberties of its subjects, ours is currently guilty of failing to display any meaningful police presence on our streets – beyond speeding yellow [more…]
Those still shedding tears over our departure from the EU invariably refer to the success of the EU in healing post-WW2 wounds and keeping peace in Europe for 75 years. By the same token they [more…]
Kristian Niemitz, Head of Political Economy at the IEA, wrote a book last year in which he explores the reasons why the idea of socialism persists as a viable economic system. In “Socialism: the Failed [more…]
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