Prime minister Margaret Thatcher meets free market economist Friedrich von Hayek at IEA. She appoints Lord Lawson and they direct privatisation of British energy interests. BRENDAN MONTAGUE investigates
After bailing out RBS to the tune of £45 billion following the 2008 financial crash, the government plans to relaunch the privatisation process in March 2019. This is ill-conceived argues ROB MACQUARIE and would be a wasted opportunity for meaningful change in the banking sector.
Jeremy Corbyn, the leader of the Labour party, today called for a new democratically controlled, localised energy system to deliver a transition to a low carbon economy and help prevent climate change. BRENDAN MONTAGUE reports
The oceans cover almost three-quarters of the planet’s surface, and represent the last great wilderness. Yet they are hugely impacted by human activities. Could privatisation - as proposed by the World Bank - be the answer?
Speaking to an audience at the RSA in London, Professor James Boyle said:
‘We need to build a movement to preserve the public domain. I think we need an environmental movement for the public domain of the mind.’
Revenues obtained from the often illegal extraction and supply of commodities such as timber and diamonds are directly bankrolling corrupt regimes and armed insurgency groups, and fund the purchase of weapons and other contraband goods that perpetuate cycles of conflict.
The corporate market has become the institutional equivalent of a compulsive eater. It has a built-in hunger that cannot be filled, and it is hard to stop the damage within the framework of its own game.