Category Archives: Business

The Growth Trap

In James Graham’s 2017 play Ink, Rupert Murdoch comes across as surprisingly likeable. The play tells the story of Murdoch’s takeover of The Sun newspaper in 1969 – at the time, a failing broadsheet – and its first year under … Continue reading

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The sickness at the heart of American capitalism – and where it’s leading us

American capitalism is sick. Not just “I think I might stay in bed today” sick. More like “call an ambulance” sick. The sickness has a name. It’s called financialisation. It’s not a bug that’s appeared overnight. It’s crept up on … Continue reading

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You get what you pay for

As the saying goes, ‘if you pay peanuts, you’ll get monkeys.’ Judging from some of the recent announcements about bonuses from Barclays, Lloyds et al, it seems that the people who run Britain’s biggest investment banks are irrationally terrified of … Continue reading

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How Oliver Stone helped cause the financial crisis

Margaret Thatcher was famously a big fan of the timeless BBC satirical sitcom Yes, Minister. So much so that in 1984 she penned a Yes, Minister sketch with her press secretary Bernard Ingham, which she then performed at a national … Continue reading

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When is a profit not a profit?

Most of us, whether or not we agree with Mr Micawber’s assertion that profit equals happiness, would recognise his description of the basic principle of profit and loss: “Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result … Continue reading

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Can bankers be virtuous?

“Regulation, markets, virtue.” That’s how the Archbishop of Canterbury Justin Welby summed up the preconditions necessary for a healthy and socially useful banking sector at an event organised by the St Paul’s Institute last week. The interesting and somewhat remarkable … Continue reading

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