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Uk Futures Opinion
Karl Marx’s prediction was that capitalism would lead to the numbers of wealthy property owners (the bourgeoisie) becoming smaller and smaller, while everyone else sank into an immiserated proletariat, which would eventually revolt to overthrow its masters and introduce a new socialist order. During the century after his death, his analysis was invalidated by two...
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In his recent testimony to the House of Lords, Sir Ivan Rogers, former British Permanent Representative to the European Union, criticized as premature and ill-prepared the Prime Minister’s triggering last March of Article 50 of the Lisbon Treaty. This is unfair to Theresa May. No different date for the beginning of the Brexit negotiations could...
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The outcome of the recent referendum on the question of Britain’s membership in the European Union has many important implications. These range from the exact modalities of Britain’s future relationship with the EU and other EU-member states, the free movement of labour on the continent, the continued stability of the UK housing market, financial services...
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Current mainstream economic thinking says that industrial policy is ineffective, and that market forces should determine the fortunes of companies and industries. In the credit crisis, however, the UK government and most other governments felt compelled to intervene. They established a de facto industrial policy strongly favouring the financial sector, at the expense of the rest of...
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Public ignorance of the reality of how the economy actually works is a lamentably common fault these days (I count myself among the guilty), and frequently results in crude, polarising debates that are easily dismissed by decision-makers for their inaccurate insignificance and predilection for ideological posturing. While I do not like it, in fact it...
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In the wake of the recent Irish debt crisis, the UK Coalition government decided not to take part in a new rescue fund for troubled eurozone members, suggested by France and Germany. This decision comes in spite of the UK’s pledge to support the EU-IMF rescue efforts for Ireland through a bilateral loan of more...
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Gordon Brown, in his narrative of the banking crisis (‘Nothing short of chronic recklessness powered by unchecked greed…’, 7 December), portrays himself as the man who got angry with the bankers, but the question remains: is he redressing the power balance between national states and a globalised financial system? For Brown, the postmortem on Lehman...
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The Global Policy Institute is a research institute on international affairs. It is based in the City of London, and draws on both a rich pool of international thinkers, academics as well as policy and business professionals. The Institute gives non-partisan guidance to policymakers and decision takers in business, government, and NGOs.

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