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Tag Archives: Journalism

Marx and Keynes can free Labour from its budget bind

Rachel Reeves needs a new economic narrative to break the fear of deficits and debt 24th November 2023 To observe the basic thinking behind Jeremy Hunt’s Autumn Statement on 22 November, and how Rachel Reeves will respond, is to find that the Chancellor and his shadow inhabit the same mental universe. They both aim to lift the British economy out of the doldrums, and they agree that doing so depends on improving the efficiency of the supply side of the economy – the way capital and...

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Britain’s Post Office Scandal and the Rule of Law

January 18, 2024 ROBERT SKIDELSKY The wrongful prosecution and conviction of more than 900 postmasters highlights the erosion of the systems designed to uphold institutional accountability in the United Kingdom. It also underscores the growing threat of a legal paradigm in which individuals are presumed guilty until proven innocent. LONDON – A new TV drama has brought to light one of the greatest injustices in the history of the United Kingdom, prompting a long-overdue public...

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How to Prevent an AI Apocalypse

December 19, 2023 ROBERT SKIDELSKY While techno-optimists celebrate AI’s potential to reshape the world, we must mitigate the risks these new tools pose to communities and to humanity. To prevent the rich and powerful from monopolizing the fruits of technological innovation, we must ensure that the benefits of increased productivity are distributed equitably. LONDON – A little over a year ago, the San Francisco-based OpenAI released its chatbot, ChatGPT, triggering an...

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Peacekeeping, Past and Present

November 20, 2023 ROBERT SKIDELSKY Between 1815 and 1914, the Concert of Europe served as a crucial peacekeeping mechanism, enabling the continent to avoid a major war. Drawing the right lessons from its successes and eventual failure can help us strive to recreate the conditions that led to an imperfect but durable peace. LONDON – The world was a relatively peaceful place during the nineteenth century. Aside from the American Civil War and China’s Taiping Rebellion, there were few...

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Pessimism of the Intellect, Optimism of the Rich

October 24, 2023 ROBERT SKIDELSKY As the world grapples with multiple, compounding economic and political crises, Western intellectuals provide little cause for optimism. Two new books paint a bleak picture of a disintegrating liberal international order and a future shaped by warring powers and digital serfdom. LONDON – Reading this fall’s selection of new nonfiction books, one cannot help but recall W.B. Yeats’ prescient lines from The Second Coming: “The falcon cannot hear the...

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The New Anatomy of Britain

September 22, 2023 ROBERT SKIDELSKY In his new book, former Conservative MP Rory Stewart sharply critiques the British political class. Analyzing the degradation of the United Kingdom’s public services, he highlights two potential culprits: a ruling class preoccupied with political maneuvering and a civil service excessively focused on bureaucracy. LONDON – Anthony Sampson’s Anatomy of Britain, published in 1962, was a profound and scholarly work that appeared at a time when the...

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Imagining a Keynesian Revival

August 21, 2023 ROBERT SKIDELSKY The economic shocks of the past two decades were not freak occurrences but rather the product of a profoundly flawed and corrupt system. But narrowing the policy discussion to a binary choice between market fundamentalism and protectionism overlooks the potential for constructive leadership. SALZBURG – In 2009, while the world economy was still reeling from the global financial crisis, Nobel laureate economist Robert Lucas observed that “everyone is...

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The Great Unbanking

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...

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Claudine Gay and alternative facts

There is so much to say about the Claudine Gay affair, anti-semitism at Harvard, and Harvard’s response to recent student protests that I have opted to say nothing.  But over at Café Hayek, libertarian economist Donald Boudreaux asks an interesting question: How does Claudine Gay’s “my truth” differ from Kellyanne Conway’s “alternative facts”? It seems to me that these ‘concepts’ share much with each other and that each is equally unwarranted. ...

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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...

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