LONDON – The poisoning of Russian double agent Sergei Skripal and his daughter Yulia at an Italian restaurant in Salisbury has driven an important story off the front pages of the British press. Earlier this month, the former actor and comedian John Ford revealed that for 15 years, from 1995 to 2010, he was employed by Rupert Murdoch’s Sunday Times newspaper to hack and blag his way into the private affairs of dozens of prominent people, including then-Prime Minister Gordon Brown.
LONDON – February 6, 2018, marked the centenary of the Representation of the People Act, which enfranchised (some) women in Britain for the first time – a reward for women’s work during World War I. In honor of this historic event, statues of two leaders in the struggle for women’s suffrage, Millicent Fawcett and Emmeline Pankhurst, are to be erected in British cities.
LONDON – Dispelling anxiety about robots has become a major preoccupation of business apologetics. The commonsense, and far from foolish, view is that the more jobs are automated, the fewer there will be for humans to perform. The headline example is the driverless car. If cars can drive themselves, what will happen to chauffeurs, taxi drivers, and so on?
LONDON – The tenth anniversary of the start of the Great Recession was the occasion for an elegant essay by the Nobel laureate economist Paul Krugman, who noted how little the debate about the causes and consequences of the crisis have changed over the last decade. Whereas the Great Depression of the 1930s produced Keynesian economics, and the stagflation of the 1970s produced Milton Friedman’s monetarism, the Great Recession has produced no similar intellectual shift.
This is deeply depressing to young students of economics, who hoped for a suitably challenging response from the profession. Why has there been none?
LONDON – Sociology, anthropology, and history have been making large inroads into the debate on immigration. Homo economicus, who lives for bread alone, has, it seems, given way to someone for whom a sense of belonging is at least as important as eating.
This makes one doubt that hostility to mass immigration is simply a protest against job losses, depressed wages, and growing inequality. Economics has certainly played a part in the upsurge of identity politics, but the crisis of identity will not be expunged by economic reforms alone. Economic welfare is not the same as social wellbeing.
LONDON – With all the protectionist talk coming from US President Donald Trump’s administration, it is surprising that no one has mentioned, much less sought to invoke, an obvious tool for addressing persistent external imbalances: the 1944 Bretton Woods Agreement’s “scarce-currency clause.”
LONDON – Who runs the European Union? On the eve of Germany’s general election, that is a very timely question.
One standard reply is, “The EU’s member states” – all 28 of them. Another is, “The European Commission.” But Paul Lever, a former British ambassador to Germany, offers a more pointed answer: Berlin Rules is the title of his new book, in which he writes, “Modern Germany has shown that politics can achieve what used to require war.”
VLADIVOSTOK – Russia’s Baikal-Amur Mainline (BAM) railway “can be hardly named as a popular tourist attraction,” says one tourist website of the some 2,000-mile railway traversing Eastern Siberia and the Russian Far East. “Most people even never [sic] heard of it.”
LONDON – It is an odd quirk in the history of logic that the blameless Cretans should have given their name to the famous “liar paradox.” The Cretan Epimenides is supposed to have said: “All Cretans are liars.” If Epimenides was lying, he was telling the truth – and thus was lying.
LONDON – “Enough is enough,” proclaimed British Prime Minister Theresa May after the terrorist attack on London Bridge. Now, it is clear, almost half of those who voted in the United Kingdom’s general election on June 8 have had enough of May, whose Conservative majority was wiped out at the polls, producing a hung parliament (with no majority for any party). Whether it is “enough immigrants” or “enough austerity,” Britain’s voters certainly have had enough of a lot.