LATEST NEWS FROM PARTNER CAP X
2 February 2018
New Direction | The Foundation for European Reform is an international partner of CapX, a digital service which commissions and aggregates the best news on popular capitalism from around the world.
Enterprise is democratic; it breaks down monopolies, hierarchies and outdated practices. Commercial disruptors innovate and challenge Old Boys' Networks while increasing prosperity. But that disruption depends on the freedom to be disagreeable, something which Jeremy Corbyn's Labour Party appears to have very little time for.
Brexit should be about opportunities, not damage limitation. But if Brussels has the last word on UK regulations, Britain won't have an independent trade policy and leaving won't make any sense. Regaining full control over trade wouldn't just be the right thing for the UK; it could also re-energise international trade talks that have come to a standstill.
With ISIS on the run, cracks are appearing in the coalition of convenience assembled to fight them. In both Iraq and Syria, America made use of local militias as proxies, notably Kurdish fighters. But now Turkey, a Nato ally, has moved to stamp down on the Kurds near its border with Syria and further conflict looks certain.
The Conservative policy on student debt is even worse than Jeremy Corbyn's. He wanted to write it off; the Tories propose doing the same, but with 30 years' compound interest added, costing taxpayers – mostly non-graduates – £7.9 billion. There is no easy solution to funding higher education, but involving employers would be a good start.
Spotify is regularly criticised for short-changing musicians. But that's how the market ought to work: successful ventures should make it cheaper for customers to get what they want, not shore up producers' salaries. When prices fall, everyone gains, since the gap in consumption is much narrower than wealth or income inequality.
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