Posts Tagged ‘inequality’

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Sharing pain, not wealth

In: Uncategorized

25 Mar 2012

This is the text of my opinion article that appeared in the Australian on 12 March and On Line Opinion on 16 March. When the rich and powerful start talking as if they represent the poor and vulnerable it is certain that someone will end up getting hurt. It is a safe bet that it [...]

Cheap booze and inequality

In: Uncategorized

24 Mar 2012

The debate on cheap alcohol that has raged in Britain since the government announced it is setting a minimum price is part of the inequality discussion. Underlying all the talk is the assumption that society is fragmenting with an alcohol-fueled underclass pulling away at the bottom. Such allegations of moral degeneracy are completely consistent with [...]

Great news on global poverty

In: Uncategorized

23 Mar 2012

This is my Perspective column for 12 March. More material from Fund Strategy will be posted over the next few days. How about some good news for a change? In fact some brilliant news. The number of people living in extreme poverty in the world is steadily falling. This trend is clearly welcome to the [...]

Celebrate British decline

In: Uncategorized

24 Feb 2012

Is British decline, or that of the western world more generally, a bad thing? Many Britons would without hesitation say it is but the answer is not so straightforward. After more than three tough economic years it is not surprising that pessimism is so strong. The chaos in the eurozone has unnerved many Europeans. But [...]

Upcoming Australian tour

In: Uncategorized

21 Feb 2012

I will be speaking at several events during my upcoming Australian tour. This is a listing of those open to the public: One Just World forum on “closing the poverty gap”. 6.30pm, Friday 9 March at Hamilton Public School in Newcastle, NSW. Europe’s Existential Funk: An examination of a continent in crisis. 6pm-8pm, Monday 12 [...]

Forget fairness

In: Uncategorized

30 Jan 2012

This is my latest Perspective column for Fund Strategy. “That’s so unfair”. The familiar shriek of teenagers when exasperated by their parents. Politicians also seem to have taken it up with fervour when discussing contemporary capitalism. Earlier this month the leaders of both Britain’s main political parties were at it. David Cameron, the prime minister, [...]

Even Republicans uneasy on wealth

In: Uncategorized

27 Jan 2012

This piece was originally written as a blog post for www.fundweb.co.uk The first and last paragraphs can be ignored by the general reader as they are aimed at the publication’s readers. The more general point, about how even Republican presidential candidates are anxious about prosperity, is of broader interest. Anyone who advises individuals on wealth [...]

Inequality did not cause the crisis

In: Uncategorized

13 Jan 2012

Was inequality one of the main causes of the economic crisis? The contention is supported by influential voices such as Bill Gross of Pimco and Raghuram Rajan, a former chief economist at the International Monetary Fund. The question has to be unpicked carefully. There are two blind alleys to avoid. The first is to focus [...]

More on American inequality

In: Uncategorized

16 Dec 2011

Another interesting week in the debate: * Five Books interview with David Acemoglu, a professor of economics at the Massachusetts Institute of Technology. Lots of useful references. Sympathetic to Occupy Wall Street. Like many commentators he argues that the banks play a key role in the new inequality. Also that the rich are manipulating political [...]

The fair allocation of pain

In: Uncategorized

13 Dec 2011

“The key question hanging over the West now is ‘how do you allocate pain?’”. These were the words of Gillian Tett, the US managing editor of the Financial Times and ubiquitous media presence, in last night’s BBC2 Newsnight programme (six days left to view). As a description of the current mindset of the western elites [...]


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