Tomorrow in Parliament, I’m hosting a meeting with Dave Fishwick and MPs to discuss his struggle to start a local, responsible bank in touch with its savers and borrowers. The Channel 4 documentary is here and this Russia Today video gives an overview: The FSA have declined to attend but […]
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Comment on business today: see also www.ambrielconsulting.com
Good news on GDP
Everyone but the Opposition will be pleased by today’s GDP figures: GDP was estimated to have increased by 1.0 per cent in Q3 2012 compared with Q2 2012 Output of the production industries was estimated to have increased by 1.1 per cent in Q3 2012 compared with Q2 2012, following […]
Read MoreIntroducing WycombeFirst – “Industry enriches”
Today, I’m launching WycombeFirst: WycombeFirst is an initiative to promote Wycombe businesses. We know that industry – productive work in the service of others – helps individuals to flourish, builds up society and creates a prosperous future. Each week, WycombeFirst will showcase local businesses in different sectors. We’re proud of […]
Read MoreThe Motorcycle Industry Association applauds my defence of UK motorcyclists against EU Legislation
Following the debate I called on motorcycle rider licensing, the Motorcycle Industry Association has “applauded [my] defence of UK motorcyclists against EU Legislation“, The Motorcycle Industry Association (MCI) is fully supportive of MP Steve Baker’s comments this week in parliament, when he accused the EU of ‘heavy-handed mistreatment of bikers’. […]
Read MoreEnding crony capitalism – how markets work
Crony capitalism — businesses capturing the state for commercial advantage, serving politicians and officials instead of the public — ought to be brought to an end. A prerequisite to that is a good understanding of how social cooperation in the market works. Israel Kirzner’s, How Markets Work: Disequilibrium, Entrepreneurship and […]
Read MoreCrony capitalism – how big players spoil social cooperation
Again and again, I hear managers ask government for stability. You can’t make plans for capital investment and business without expectations about the future. Government sets up big players in society which not only set expectations through tax and regulation, but which can change their minds, spoiling people’s plans, often […]
Read MoreWhole Foods CEO John Mackey on the Moral Case for Capitalism
Via, The 15 Best Videos on Commerce and Entrepreneurship, Whole Foods CEO John Mackey on the Moral Case for Capitalism: You have empathy and care and sympathy for others and you have the foundation for a great economic system. But intellectuals and economists ignored that ethical foundation for capitalism and […]
Read MoreCrony Chronicles
I’ve just discovered Crony Chronicles – the cronyism resource, In an economically free society, the role of business is to create value for society by producing products and services that their customers consider beneficial. If they do this while using resources wisely, they make a profit, and societal wellbeing is […]
Read MoreIs Capitalism “Pro-Business?”
Via Learn Liberty, Is Capitalism “Pro-Business?”
Read MoreSteven Horwitz – Causes and Cures of the Great Recession
Via the Institute of Economic Affairs, a paper from Steven Horwitz on the causes and cures of the great recession: For many, the Great Recession and the boom that preceded it are evidence of the failure of the supposed deregulation of financial markets in the last decade and therefore constitute […]
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