Our problem with steel
Great Britain is the cradle of the industrial revolution. So for a long time in history we were the world’s largest producers of steel. This was driven by a number […]
Economics
Wealth trickle down is fantastic
Capitalism is amazing. Competing in the market to look after customers has enhanced the lives of everyone on earth to an incredible degree. It has generated enormous wealth for the […]
How Corbyn’s childish “economics” would trash Great Britain
Jeremy Corbyn, candidate for the Labour leadership, has come up with a string of economic pronouncements. And they are all stupid, showing kindergarten levels of economic competence, at best. Firstly […]
Why socialism is like cancer. Only worse
1) Firstly socialism is a highly authoritarian creed based on envy and class warfare. So it seeks to extort as much money as possible from those who have worked hard […]
Osborne, this is how to do it better
I have written before about how John James Cowperthwaite should be known by everyone as a great hero. He took one of the poorest nations on Earth, Hong Kong, and made […]
I feel sorry for Americans
When I was young the people of the USA voted in presidents who practiced good government. They made America a better place and with that they made the world a […]
Corbyn wants Britain to be like Venezuela
Venezuela should be the richest country in the Americas, it is sitting on the world’s biggest crude oil reserves . Yet it’s currency, the Bolivar, has the world’s highest inflation […]
Private Eye doesn’t understand economics
I have been reading Private Eye regularly for more than four decades and the latest edition is the most rabidly left wing one that I have ever read. It could […]
Greece heads for the exit
After the Greek referendum I wrote the “Apocolypse now” article that summarised the situation. Within days Alexis Tsipras of Syriza was back at the EU, presenting a deal even stricter than the […]
Tax credits explained
The idea of tax credits is simple, they are just negative income tax, which gives tax that other people have paid to people who the government think need more money. […]
Greece. Apocalypse now
So the Greeks have voted 61.3% “No”, 38.7% “Yes” in a referendum that has rejected the third Troika bail out of the Greek economy. Obviously these voters expect Angela Merkel […]
Britain’s foreign aid is utterly stupid
One of the most amazing successes of my lifetime has been the immense increase in wealth in the world. All generated by the wonder that is capitalism. And whilst the […]