The banking crisis and credit crunch are the product of regulation and government policy and the way to get more safety into capitalism (which most people still accept as the way to go) is to insist that transparency and fear are the best policemen.
Posted by RDN under Economic crisis / Mr C's Makeover Politics / Rightist manifestos on 9 March 2010. No comments.
I was bucked to have a piece run on the Guardian’s Comment Is Free (Cif). I was bemoaning Mr Cameron’s Makeover Politics. Here are a few reflections on the comments it received. More »
Posted by RDN under Economic crisis / Politics and campaigns on 6 November 2009. No comments.
I appeared as a witness at a World Congress of Faiths “Moral Maze” before a small audience in Southwark Cathedral last night. Surprise, surprise I defended capitalism against a range of (mostly religious) critics. More »
Posted by RDN under Economic crisis / Politics and campaigns on 19 October 2009. No comments.
I told BBC Radio 2’s Jeremy Vine show that it’s hard to believe that the Royal Mail can continue in anything like its present form. And the Communication Workers’ Union seem determined to kill it off double-quick. More »
Posted by RDN under Economic crisis / Politics and campaigns on 24 September 2009. No comments.
Here is a bit more on the conundrum of regulating financial risk when you know you shouldn’t, really. My message is that regulators should aim to encourage market-driven self-regulation. More »
Posted by RDN under Economic crisis / Politics and campaigns on 21 September 2009. No comments.
The less we regulate banks and financial firms, the safer we will be. Those of us that want safety, that is. (That would be me: I am morbidly timid.) Here’s 10 bullet points saying why. More »
Posted by RDN under Economic crisis / Mind and body on 1 August 2009. No comments.
Hot from ENRON, the dazzling show at Chichester Festival Theatre’s Minerva Theatre, one realises that it was a romp with next to nothing useful to say. I imagine it will go down a storm when it transfers to the Royal Court. More »
Posted by RDN under Economic crisis on 6 April 2009. No comments.
I had a letter in the Financial Times recently and I’m afraid it gave me rather a buzz. This is partly because attention at that level is always welcome, but also because my note appeared during the paper’s quite sustained attampt to get its brain round the current crisis. Oh, and I think the letter said what I had been struggling to say for a while. More »
Posted by RDN under Economic crisis on 15 February 2009. No comments.
It is commonly said that we are facing “the worst” recession or depression for decades or even a century or so. If this is true, how much does it matter? More »
Posted by RDN under Economic crisis on 12 February 2009. No comments.
I have no idea how much of the Banking Crisis can be blamed on Sir James Crosby, but there is certainly an unseemly rush to blame him for everything now. The Prime Minister, politicians, and journalists are all piling in and it’s ugly. More »
Posted by RDN under Economic crisis / Politics and campaigns on 10 February 2009. No comments.
The four ex-leaders of HBOS and RBS were impressive in their account of their parts in the Banking Crisis. They were smarter and more interesting than most of their questioners from the Treasury Select Committee today. More »
