THIS WEEK’S MUST READ NEWS FROM CAPX | NEW DIRECTION
19 February 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.
The benefits of the EU are not worth £3,000 per year to the average household. Post-Brexit, the cost of EU imports would not increase by £11bn. And leaving would not force the UK to move its border controls from Calais to Dover. To counter the human tendency to confirmation bias, Daniel Hannan challenges 10 assumptions made by the Remain camp which we are likely to hear repeated again and again until polling day.
Following Mao's death, far away from the eyes of Beijing, small mixed public-private companies started to experience innovative forms of governance and farmers reintroduced private agriculture. Private enterprises sprang up across the countryside. A decentralised system, with special economic zones and power devolved to local governments, has enabled China's striking economic growth despite its all-pervading single-party regime.
Despite losing New Hampshire by 22%, Hillary Clinton has gained the same number of delegates (15) as Bernie Sanders because 6 of the state's 8 superdelegates opted to support her. Superdelegates, drawn from the party establishment, have a pre-disposistion to defend the status quo which means that even if Sanders makes it to the convention within a few 100 delegates of Clinton, his elimination is almost guaranteed.
For Russia to remain the top level world power that its elites desire it to be, it must maintain a grip on its western borders. This is easier said than done. Having exited the Russian sphere of influence after the collapse of the Soviet Union in 1991, the the Baltic States continue to remain a concern. Combined with Russia’s greatest foreign policy fear, China, Chechnya and Moldova hang in the balance and amount to a nasty headache for Putin.
This week, Ukrainian prime minister Arseniy Yatsenyuk faced a vote of no confidence that the country was certain he would lose, given his dismal popularity ratings. Instead, in a maneuver reminiscent of “Game of Thrones”, the campaign against him collapsed in a matter of minutes. Ukraine’s rent-seeking oligarchs are now celebrating their latest victory against the forces of reform, as cross-party corruption once again trumped democracy.
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