Productivity rises if allowed not because it is planned
Not that we’ve an official position on the legal change here but: If Maxime Chapoutier sold his new red and white wines in France, he would provoke an outcry and risk arrest.
Why, yes, Professor Mazzucato *is* wrong, why do you ask?
Schumpeterian profits for the win here: A breakthrough Chinese chatbot has sparked alarm about the country’s advances in artificial intelligence (AI) and wiped close to $1 trillion off global stock markets.
A Norwegian lesson for Scotland’s ferries
The chronic unreliability of the Clyde and Hebridean ferries, a monopoly owned and operated by Scottish government agencies, has caused serious economic decline within island communities.
Oooh, super! We just love competitive markets, even in tax
As everyone knows - well, everyone not wholly, drivellingly, unperceptive - competitive markets are what drive standards up over time.
The Chancellor’s new growth proposals
The Chancellor’s new growth proposals have been heavily leaked. They are worth serious consideration.
Immigration isn’t, in fact, necessary
Now we are in favour of the free movement of people. We’re also aware of Milton’s point that free movement and also a welfare state that incomers gain access to doesn’t really work. Only ever trade offs and all that.
Numbers can be absolutely fascinating
Nick Shaxson gives us his absolute proof that Amazon is a vile, dirty, monopolist that definitely needs to be regulated into something something:
Privatise the NHS!
The Guardian tells us that: Women in Britain are paying up to £11,154 for a hysterectomy in a private hospital, amid huge delays for NHS gynaecological care, research reveals.
A Manifesto for Lord Mandelson - Part 2
In line with our introductory post last week, the UK has become more adventurous, at this point more facing westwards.
Innovation not Prohibition
Thanks to a healthy combination of private sector innovation and pragmatic public health policy, the UK had, for a long time, led the way in reducing smoking rates. Over the past decade, they have plummeted from 20% in 2012 to just 14.7% in 2021.
Only Nixon can go to China
Nixon to China is not an iron rule it’s just an observation about politics. It’s those who have their rightward flank protected who can make a move towards communists. Equally, it’s only those who have their leftward - or planning - flank protected who can do this:
We Can’t Just Print More Money
Some truth-telling from the Member for Great Yarmouth: ‘By a continuous process of inflation… governments can confiscate secretly and unobserved an important part of the wealth of their citizens.’