July 20, 2023 ROBERT SKIDELSKY Brexiteer Nigel Farage’s recent claim that he had been designated a “politically exposed person” and blacklisted by financial institutions, if true, represents a dangerous violation of people’s rights. This unchecked overreach, driven by regulatory zeal, is neither rational nor prudent. LONDON – Nigel Farage, the former leader of the UK Independence Party (UKIP) and the driving force behind the campaign for the United Kingdom’s exit from the European...
Read More »The Costly Return of Geopolitics
June 19, 2023 ROBERT SKIDELSKY Geopolitics, which originated during the run-up to World War I, represents an inherently pessimistic view of international relations as a perpetual power struggle. But as the world’s military and policy establishments prepare for prolonged conflict, we must resist the allure of the zero-sum mindset. LONDON – One of the regrettable consequences of Charles Darwin’s On the Origin of Species was the advent of the pseudoscience known as geopolitics. Drawing...
Read More »Comment in the House of Lords on a post-Putin Russia
Lord Skidelsky My Lords, the noble Lord, Lord Purvis, made an important point about the importance of thinking about a post-Putin future. I have never thought that Putin either can or deserves to survive this adventure on which he has embarked, but I am interested in what is meant by such phrases as “withdraw his troops and end this bloodshed now”, and a remark from the Labour Front Bench about the importance of “winning the war”. What exactly do these things mean? It seems...
Read More »Creeping Toward Dystopia
May 25, 2023 ROBERT SKIDELSKY Amid the growing excitement about generative AI, there are also mounting concerns about its potential contribution to the erosion of civil liberties. The convergence of state intelligence agencies and surveillance capitalism underscores the threat that artificial intelligence poses to the future of democracy. LONDON – With investors pouring billions of dollars into artificial intelligence-related startups, the generative AI frenzy is beginning to look...
Read More »FrankenTech
April 19, 2023, Central European University LONDON – In Mary Shelley’s novel Frankenstein, or The Modern Prometheus, scientist Victor Frankenstein famously uses dead body parts to create a hyperintelligent “superhuman” monster that – driven mad by human cruelty and isolation – ultimately turns on its creator. Since its publication in 1818, Shelley’s story of scientific research gone wrong has come to be seen as a metaphor for the danger (and folly) of trying to endow machines with...
Read More »Can Governments Still Steer the Economy?
Mar 28, 2023 ROBERT SKIDELSKY Inflation and growth rates are increasingly determined by global events over which national policymakers have no control. Instead of clinging to the illusion that they can control the uncontrollable, governments should use fiscal policy to protect their most vulnerable citizens from disruptive external shocks. LONDON – In 1969, the British financial journalist Samuel Brittan published a book called Steering the Economy: The Role of the Treasury. At the...
Read More »Speech on the Spring Budget Statement 2023
My Lords, I join other noble Lords in paying tribute to the remarkable maiden speech of the noble Baroness, Lady Moyo. It was very thoughtful and thought provoking, and I very much appreciated her reference to me—she will have a great future here. The Budget was crafted in the shadow of disruptive world events over which the Chancellor has little or no control, but it is by its effectiveness in tackling or responding to those events that I think this Budget will be judged. The three...
Read More »Robert Skidelsky 2023-03-01 10:44:24
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Read More »Letter: The economic conditions that make wars more likely
FEBRUARY 17 2023 One year has passed since the start of Russia’s invasion of Ukraine, and nothing seems to indicate that the flames of war are dying. Why does the war still continue? Why are military tensions rising in the world? We reject the thesis of a “clash of civilisations”. Rather, we need to recognise that the contradictions in the deregulated global economic system have made geopolitical tensions more acute (Opinion, February 14). One of the worst faults of the present...
Read More »Globalization’s Latest Last Stand
With the world increasingly turning away from economic integration and cooperation, the second wave of globalization is threatening to give way to fragmentation and conflict, as the first wave did in 1914. Averting catastrophe requires developing strong political foundations capable of sustaining a stable international order. LONDON – Is the world economy globalizing or deglobalizing? The answer would have seemed obvious in 1990. Communism had just collapsed in Central and Eastern...
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