Putting Humpty back together

October 19, 2017

Although many hoped for it, and many feared it, few expected it. When the Brexit earthquake struck, it upended assumptions that politicians, business leaders and economic forecasters had relied on for decades. Even as we have tried to disentangle the causes of this popular revolt, the waves have rippled through the bedrock of British politics. […]

Theodore Roosevelt and the Square Deal

October 19, 2017

We are not the first free society to face this challenge. In the 1890s, American capitalism had fallen into the hands of a gang of oligarchs, the so-called robber barons, abetted by a corrupt class of political bosses. They conspired to oppress the legitimate interests of people running small businesses and farms, and to deny […]

Square Deal for the Economy

October 19, 2017

In 2010, the coalition government inherited a budget deficit of over 10% of national income and adopted a strategy that would have been familiar to finance ministers throughout the ages. It cut expenditure (a lot) and raised taxes (a bit) to get the budget back into balance. Alongside austerity it pursued broadly conventional supply side […]

Square Deal for Housing

October 19, 2017

One of the basic promises of Britain’s free society is that anyone who works hard and saves up for a few years should be able buy a decent home at a price they can afford. The greatest scandal of the past two decades is the failure of political leaders to keep this promise. Through cowardice […]

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