LATEST NEWS FROM PARTNER CAP X
17 June 2017
Calm down – Brexit is still on course - Manifesto for a New American Liberalism - What Milton Friedman can teach the Tories - Want to raise workers’ wages? Then buy what they make - The EU’s euro clearing plan is an act of protectionist self-harm
Those who always wanted Britain to stay in the EU have jumped on Theresa May's lost majority to argue we are now destined for a so-called 'soft Brexit'. But they'd have said the same if she'd won by 100 seats. The truth is that this election changes nothing significant about Brexit - and if politicians argue more about it, that's all to the good.
Liberalism, in the old-fashioned sense of the word, is all too hard to come by in contemporary politics - even though it is the source of the freedom and prosperity we enjoy today. Part manifesto, part memoir, this extended essay considers how to make the case for liberty - and all that it brings.
Friedman understood that the case for the free market was not just a question of dry economics. It was also about what it means to be human - and how much human freedom suffers under the alternatives to capitalism. By embracing the power of individual liberty, the Conservatives could still convert voters turned off by Mayism.
A new campaign fronted by Annie Lennox is calling for garment workers' wages in Bangladesh to be tripled. However well-intentioned, it ignores the fact that wages are determined by an economy's productivity. Thankfully, there is a tried and tested way to make the world's poor rich: get out of the way and let demand raise living standards.
Brussels is determined to use Brexit as an excuse to bring euro clearing - an essential part of the financial system - under its control. This 'repatriation' may be politically desirable, but it is economically illiterate. If eurozone leaders want their economy to thrive, they must let the euro be a global currency - and leave London be.
News & Commentary