THIS WEEK’S MUST READ NEWS FROM CAPX | NEW DIRECTION
29 April 2016
New Direction | The Foundation for European Reform is an international partner of CapX, a new digital service which commissions and aggregates the best news on popular capitalism from around the world.
Marian Tupy grew up in the Czechoslovak Socialist Republic, and remembers the response to the Chernobyl tragedy 30 years ago. The Soviets insisted that their nuclear technology was second to none, so when the power plant exploded, they denied that anything was wrong, even as their comrades were being slowly poisoned by radiation. But eventually Chernobyl gave rise to the movement that consigned communism to the dustbin of history.
Ted Cruz declared yesterday that "if Brexit takes place, Britain will be at the front of the line for a free trade deal with America, not at the back." He also declined to give advice to the UK, believing, radically, that Britain’s future in Europe is a matter for the British people to decide. It's a shame Cruz has just been trounced in the five north-eastern primaries, as we must now wait to see where Trump, almost unstoppable, will put Britain in his line.
Are the liberal elites about to succumb to that favourite feature of university examination papers, “a historical watershed”? In the first round of the Austrian presidential election, Norbert Hofer, the insurgent right-wing candidate, led with 36.4%. Marine Le Pen similarly heads the polls for the presidential election in France, while Donald Trump is on track for the US Republican nomination. The progressive dogma is fighting for its life.
Last week Michael Gove pointed to Albania among a list of countries that trade with the EU while not being in it. The Remain campaign jumped on this, declaring: “The Leave campaign want us to quit the single market and be like Albania. Seriously.” How is this acceptable? Albania deserves our friendship and understanding, rather than mocking insults by smug, metropolitan Remainians who are forever lecturing others about xenophobia.
Listening to Hillary Clinton's promise to "crack down on bosses who exploit employees by mis-classifying them as contractors" could lead you to assume she is against the sharing economy. But after leaving the White House, the Clintons earned 99% of their income from independent contractor gigs. They prove the sharing economy is more than Uber and Airbnb. It is about allowing workers to more easily market and provide their productive capital.
News & Commentary