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Tag Archives: Economics & Ideology

Blame economists for decades of false security

And for the cataclysmic gap between theory, policy and ecosystem collapse.[This article was first published on Ann’s Substack site, System Change, on 21st August 2023]The Financial Times’s Lex column is legendary.The editor, Jonathan Guthrie, argues that it is “the oldest and arguably most influential column of its kind” having first appeared in 1945. Lex is written by a collective – there are no author bylines because that would be inaccurate, writes Guthrie. The name is “a riff on the Latin...

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Blame economists for decades of false security

And for the cataclysmic gap between theory, policy and ecosystem collapse. [This article was first published on Ann’s Substack site, System Change, on 21st August 2023] The Financial Times’s Lex column is legendary. The editor, Jonathan Guthrie, argues that it is “the oldest and arguably most influential column of its kind” having first appeared in 1945. Lex is written by a collective – there are no author bylines because that would be inaccurate, writes Guthrie. The name is “a riff on the...

Read More »

Blame economists for decades of false security

And for the cataclysmic gap between theory, policy and ecosystem collapse.[This article was first published on Ann’s Substack site, System Change, on 21st August 2023]The Financial Times’s Lex column is legendary.The editor, Jonathan Guthrie, argues that it is “the oldest and arguably most influential column of its kind” having first appeared in 1945. Lex is written by a collective – there are no author bylines because that would be inaccurate, writes Guthrie. The name is “a riff on the Latin...

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To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey

This article first appeared in the Indian journal Economic and Political Weekly on 18 July 2022.A Murder in KonyaKonya is a province in Turkey. On 6 July 2022, about an hour before I started writing this article, a murder news hit the Turkish pages of the internet: “In Konya City Hospital, a patient shot and killed a cardiologist and his secretary today.” Whether the assassin committed suicide or the private security killed him is unknown, although there are both rumours.City hospitals, the...

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To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey

This article first appeared in the Indian journal Economic and Political Weekly on 18 July 2022. A Murder in Konya Konya is a province in Turkey. On 6 July 2022, about an hour before I started writing this article, a murder news hit the Turkish pages of the internet: “In Konya City Hospital, a patient shot and killed a cardiologist and his secretary today.” Whether the assassin committed suicide or the private security killed him is unknown, although there are both rumours. City hospitals,...

Read More »

To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey

This article first appeared in the Indian journal Economic and Political Weekly on 18 July 2022.A Murder in KonyaKonya is a province in Turkey. On 6 July 2022, about an hour before I started writing this article, a murder news hit the Turkish pages of the internet: “In Konya City Hospital, a patient shot and killed a cardiologist and his secretary today.” Whether the assassin committed suicide or the private security killed him is unknown, although there are both rumours.City hospitals, the...

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Central bankers, inflation “cousins” & the real threat to the global economy

 Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves. She shows that the buyout business resembles a pyramid scheme with “circular” deals sold between and within private ownership at high valuations – fuelling asset price inflation.“Windscreen repair and replacement company Belron, which operates internationally under brands including Autoglass...

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Central bankers, inflation “cousins” & the real threat to the global economy

 Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves. She shows that the buyout business resembles a pyramid scheme with “circular” deals sold between and within private ownership at high valuations – fuelling asset price inflation. “Windscreen repair and replacement company Belron, which operates internationally under brands including Autoglass...

Read More »

Central bankers, inflation “cousins” & the real threat to the global economy

 Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves. She shows that the buyout business resembles a pyramid scheme with “circular” deals sold between and within private ownership at high valuations – fuelling asset price inflation.“Windscreen repair and replacement company Belron, which operates internationally under brands including Autoglass...

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The conferment of an honorary doctorate at Helsinki University: my speech.

This is a speech delivered to the staff of the University of Helsinki, and to hundreds of students awarded masters’ and doctorate degrees, on the auspicious day of 22nd May, 2022. One of the requirements of the conferment committee was that all speeches should include another language. I therefore began mine in Afrikaans. After the pause below, I summarise the content of the opening paragraphs, so bear with me… Ek wil net kortliks sê dit is n baie lang pad van die klein dorpie,...

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