[Shane Murray]
Harping on about the influx of money into football and its pernicious effect on competition is somewhat clichéd, but Manchester City signing Robinho in a record-breaking deal is a step too far. Roman Abramovich may have started the process, but at least he took over a club which was already challenging in the league. […]
The politics of football
Capitalism is incapable of tackling climate change
[Patrick Rolfe]
Scientists have recently told the world that we have a matter of months to act before we reach the ‘tipping point’ at which runaway global warming causes massively destructive, exponential climate change. Yet every major economy in the world continues to burn fossil fuels, many at an increasing rate. The British government has just […]
Don’t blame markets
[Hugo Hadlow]
The banking crisis is not a result of market failure. It is the result of two things: the ownership structures of investment banks, and government intervention in the money market.
Most investment banks are owned by dispersed shareholders, and their shares are traded on the stock market. Management is divorced from ownership, with the result […]