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Comrades are confused about capitalism – they shouldn’t be.

I have written for ConservativeHome today on the problem with capitalism: I listened to Comrade Milliband’s tedious historical revisionism with interest: apparently New Old Labour are to become the party of enterprise and small business in order that wealth can be created and redistributed. With Comrade Milliband’s remarks following so closely after Comrade Cable’s denunciation of capitalism, I am reminded of Churchill: “Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow […]

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CentreRight: Will the spending review be bold enough?

Over at CentreRight, I ask “Will the spending review be bold enough?” This is a follow up to Professor Kevin Dowd’s article for The Cobden Centre: The UK is Broke. Hazlitt’s remark in Economics in One Lesson seemed an appropriate introduction: Today is already the tomorrow which the bad economist yesterday urged us to ignore.

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CentreRight: A political economy popquiz

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On Conservative Home’s CentreRight, I have published a political economy popquiz. The article gives three charts and three related questions: State spending as a proportion of the economy since 1900. Consumer prices since 1750. Debt projections for the western world. I’ll publish some related thinking next week.

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CentreRight: Labour’s legacy is a choice between unpleasant cuts in public spending, a sovereign debt crisis or currency debasement

ConservativeHome have kindly invited me to contribute to CentreRight. In my first article, I debunk potential reasons for Labour’s self-righteous indignation: Since my arrival in Parliament, the Chamber has been characterised by a torrent of self-righteous indignation from Labour and their thoroughgoing lack of remorse about the state of the public finances. There is a sense that Labour think they are on the side of the angels. Giving our opponents the benefit of the doubt, I can think of two […]

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