Davos, the super-exclusive annual gathering of the world’s political and business elite displays all the features of a petri dish for the spread of “crony capitalism”. A tiny number of extraordinarily powerful individuals meet to discuss how the affairs of all seven billion human beings should be planned and co-ordinated. It represents an environment for the growth of regulation, intervention and enhanced barriers to entry for small businesses.
All too often what we see in criticisms of capitalism are actually examples of rent-seeking and corporations trying to game the system, which amounts to crony capitalism.
But has crony capitalism like that displayed in Davos become a catch-all term? The challenge for free markets, and for capitalism, is manifold: the message is tarnished, the frames are poor, and, fundamentally, the moral case for what they achieve is missing.
On this week's podcast, the IEA's Digital Manager Darren Grimes is joined by the IEA’s Director General Mark Littlewood and the Director of the IEA’s FREER initiative Rebecca Lowe to discuss these challenges.
Latin America’s once-richest country, sitting atop the world’s largest proven oil reserves, is an economic basket case, a humanitarian disaster, with a dictatorship whose demise many believe cannot come soon enough. But, is it socialism that’s to blame for the widespread starvation, critical medical shortages, an explosion in crime, and a refugee crisis to rival Syria’s? You’re much more likely to read that this crisis is the product of corruption, cronyism, populism, authoritarianism, resource-dependency, U.S. sanctions and trickery OR even the residues of capitalism itself. Darren Grimes, Digital Manager at the IEA, was joined by the IEA’s Head of Political Economy Krisitian Niemietz and the Daily Telegraph’s Assistant Comment Editor, Madeline Grant to discuss was Venezuela REAL socialism?
Opinion surveys consistently suggest that the British public is overwhelmingly hostile to immigration - a hostility which shapes our immigration policies in many ways - often negatively. However, if we dig a little deeper into the polling data, it becomes clear that most people in Britain are not pro or anti immigration per se. Despite overall hostility to immigration, there are types of immigration that are widely accepted, or even popular with the general public. Today we're joined by the IEA's Head of Political Economy Dr Kristian Niemietz, the author of our latest report into migration. Kristian proposes a new post-Brexit immigration policy that would capitalise on the nuances in public opinion to push for the most liberal migration policy possible.
In this week's podcast, we were joined by the IEA's Head of Political Economy, Kristian Niemietz, the author of a recent paper which ventures into the realm of fiction to examine the fundamental flaws of socialism. Kristian and Editorial Manager Madeline Grant discuss the popular meme that socialism is a great idea in theory, but only fails due to bad implementation, or corrupt officials - as advocated by trendy millennial socialists today. Kristian debunks this idea, but explores how it has been extremely influential in art, culture and fiction over the last century. We look at why it has proven so compelling, and whether free marketeers need to do more to make the moral and philosophical case for capitalism - as well as arguing on raw economic grounds.
This year, Saturday November 10th was Equal Pay Day – the day the Fawcett Society calculates that women, on average, essentially start working for free, because of the gender pay gap. But Office for National Statistics calculated just a few weeks back that the pay gap is the lowest it’s ever been on record. Yet Equal Pay Day hasn’t moved. It’s the same day as it was last year. A new IEA briefing, written by Associate Director Kate Andrews and Chief Economist Julian Jessop, argues that this is a result of calculating the gender pay gap in order to obtain a figure nearly 60% higher than the official data. Kate Andrews has put together a podcast to provide ‘alternative listening’ for those who don’t want to engage in fear-mongering around women in the workplace. Kate brings together women from across the political spectrum, with diverse background and views, but who all agree on one thing – that’s that there’s a positive story to tell about women who work. She asks them all: ‘What positive message do you want to send to women today’, and also asks them for a practical policy proposal to help tackle the issues that working women still face.
Do you identify as part of a generational group? From student politics to social media via milliennial voting patterns and intersectionality, FREER Director Rebecca Lowe and FREER Co-Chair Lee Rowley are joined by commentator Tom Harwood to discuss generational attitudes to freedom and more.
This week we’re joined by Dr Steve Davies, Head of Education at the IEA, to discuss one of the most hot-button issues in American politics – the right to bear arms.
Interviewed by the IEA’s News Editor Kate Andrews, Steve gives us a history lesson on the Second Amendment, where the right came from, and what both sides of the debate get wrong.
Steve argues that the right to bear arms came from a philosophy of classical republicanism or civic humanism, which means that in a self governing republic, all citizens have certain obligations and duties upon them, one of which is to use force against outsiders or a tyrannical state.
In this sense, gun ownership is an individual right, but not a private right, making gun advocates and gun control advocates alike wrong in their approach to the issue.
Steve discusses the Swiss-style system, which is one of the best examples of an armed militia, and how its gun laws differ from the United States.
The pair also discuss what makes homicide rate and mass shootings more or less likely, with Steve arguing it has less to do with weapon proliferation, and more to do with societal norms and culture.
Finally, Kate asks Steve the million pound question – does the UK need a Second Amendment?
You’re listening to Live from Lord North Street, a podcast from the Institute of Economic Affairs. Back in June, Press Secretary Sarah Sanders was kicked out of the Red Hen restaurant in Virginia, because the owner didn’t like her association with President Donald Trump’s administration. Is this an act of discrimination, perfectly within one’s right, or both?
Today we’re joined by Dr Steve Davies, Head of Education at the IEA, to discuss the concept of civility in public life. Interviewed by IEA News Editor Kate Andrews, Steve argues that any private establishment has the right to refuse service, but that doing so does not come without consequence. The pair discuss famous instances of discrimination, perpetuated by both the private sector and the state, and try to identify what the lines are between civil dissent and dangerously overstepping the mark.
“Fake news” has been sweeping the nation – or has it? Today we’re joined by Kate Andrews, News Editor at the IEA and Head of Education Dr Steve Davies. Steve argues that, unlike what many in the mainstream media would have you believe, “fake news” is nothing new.
In fact, trawling through history, we see that “Fake news” has been around in innumerable ways, shapes and forms, for centuries – even millennia.
There is no one kind of fake news, and Kate and Steve examine some of the major distinctions between them, particularly in regards to intention and trust in mainstream.
Finally, they examine how to spot fake news – and what we can all do to halt its dissemination and create a higher standard of debate.
Today we’re joined by author and academic Dr Joanna Williams, and the IEA’s Head of Lifestyle Economics Christopher Snowdon, to discuss freedom and feminism in the 21st century. Right now, the authoritarians seems to be winning the battle of ideas, following a raft of new nanny state legislation over the last few years – with ever more draconian schemes in the pipeline. Interviewed by the IEA’s Kate Andrews, Chris and Joanna take a look at what all of this means for ordinary consumers – and whether we can expect a backlash against the nanny state, embodied by groups like Public Health England. They also examine what is becoming an increasingly puritanical culture around feminism, and what the future holds for the movement in the wake of the ‘Me Too’ campaign.