Sunday Posts

Dr Liam Fox, the smooth talking Tory Secretary of International Trade, apparently tweeted, and then denied he 'tweeted', that "the United Kingdom is one of the few countries in the European Union that does not need to bury its 20th century history". "The United Kingdom, is one of the few countries in the European Union that does not need to bury its 20th century history" #scc16 — Dr Liam Fox MP (@LiamFoxMP) March 4, 2016 To be fair, Dr Fox may not know what a 'tweet' is, and this is the work of an excited, unnamed social media intern. His claim that The Guardian twisted his words from an old speech, where he was talking about UK and EU, in a TV interview while the tweet itself was displayed on the screen. However, there may be a method in this madness. The Tory politics is decidedly one of inauthenticity. Following some 20th Century masters of propaganda, like Joseph Goebbels (I am avoiding the H word) and Benito Mussolini, the str...

Of the life's two great certainties - death and taxes - we have not been doing very well with the latter. For an increasingly squeezed Middle Classes, facing declining real income, uncertain job prospects, costlier health-care and education and the very real possibility of never being able to retire, the fact that the rich does not pay much taxes may occasionally shock, but not paying taxes has indeed become one of the key signals of being rich. The newest metaphor of business - the cloud - is not just about technology, but of de-materialisation of taxes too. Obscure as it may be, the fate of taxes, and its consequence, may be one of the best ways to understand the global economy. Consider the two seemingly opposite conversations trending in the news in the last few weeks. One is that the Indian cabinet is considering imposition of a 'Google Tax', or, more correctly, an 'Equalisation Levy', an uniform charge on revenues made in India for all corporations not h...

One would have considered the events surrounding the suspension of London Metropolitan University as a farce, if its tragic consequences were not so obvious. To recount the events, the University was visited by UKBA in March, subsequent to which its Tier 4 License, which allows the university to recruit students from outside the EU, was temporarily suspended on the 20th of July. The university was reportedly audited again in the first weeks of August, and then a report appeared in Sunday Times on the 26th August, quoting a leak and reporting that the license has now permanently been revoked. In a bizarre twist, then, on the 29th August, BBC reported that UKBA is yet to make a decision , while the university reported that they are inundated with hundreds of calls from worried students and their parents . Coming right in the middle of recruitment season, this is going to have a significant financial impact: The university says that it would potentially create a funding gap of over £10 ...

Immigration is not what it used to be. Or, to put it correctly, it is what it used to be, plus something else. Boatloads of people still turn up at the doors of rich countries; but, to snatch a share of global pie, countries also actively pursue immigrants. The political rhetoric around them has changed too: Once the usual, comfortable issues like colour of skin and religion became politically incorrect, politicians who lack courage but seek votes have made immigration their proxy issue. It is not a subject you can easily discuss in a pub, or a coffee shop or gym. If you do, everyone will look at you as if all issues around the subject have already been settled. As if, immigration is BAD, everyone knows! One needs to only look at how crowded the buses are, no parking spaces, getting into school is a hassle and a lottery, no jobs, house prices are well beyond middle class salaries - the ill effects of immigration are just too obvious. Conveniently, all the things that could be blam...

We have been here before, we are at it again. Edmund Burke should stand corrected: However much one reads history, one is doomed to repeat it. The Great Depression was caused by financial excesses followed by protectionism and government inaction: The next one, which is looming around the corner, will be exactly the same.  David Cameron saved his job, for the moment. He, who wanted to be the hero, walked out of an Europe-wide deal to save the Euro. By doing so, he showed not just the 'bulldog spirit' that he was to show, but 'bulldog brain', but then bulldogs may be offended. He sunk into protectionism, a sort of desperate politics to keep some of his loony backbenchers and out-of-touch colleagues pleased. And, by doing so, he risked two things: First, if the Euro ends up collapsing, a long and potentially bloody depression all over the world; and, second, if the Eurozone countries manage to pull together, a final setting of sun of any British influence over the wo...

David Cameron is one of the more 'impressive' Prime Ministers Britain has had in the recent years. Young, handsome, articulate, someone with 'clear' views and a bias for action, who wins almost every PMQ and who has so far effectively dangled the debt question to transform almost all aspects of British life: What a contrast this makes from the unloved Gordon Brown who could get nothing done. Cameron's twelve months already make the preceding Labour years feel like ancient history, the charmed life of the boom years as well as the time of massive expansion of the 'collectivist' credo, and he seems destined, like Tony Blair, to leave a legacy, however long his coalition manages to cling together. But, like Tony Blair, this legacy may not be a positive one for Britain. Because, David Cameron, for all his posturing, is a hopeless populist, who succumb to every opportunity to please his home crowd. He has not stopped being a publicist and start becoming a Prime M...

David Cameron made a speech on immigration. This was not a policy speech - there was no new announcements made - but rather a politics speech. This speech did indicate where the government stands on immigration. Everyone should have known where the government stands on immigration, but we forget that this is a coalition government. We know where the Tories stand, but Prime Minister, who is not just leading the Tories but the Government, needs to carry the coalition's vision. Indeed, his speech was far too xenophobic to be accepted by the more liberal elements of his own party, let alone his coalition partners. Interestingly, David Cameron's objection to immigration was social, rather than economic. This is rather strange as his other policies seem to echo Thatcher's dictum: There is no such thing as society. This is also an interesting shift from Gordon Brown's 'British Jobs For British Workers' politics, almost an acknowledgement that there is a strong economic...

One year into the Tory rule, Britain looks seriously out of sorts. It is quite difficult to keep a tab of all the policy announcements, and all the U-turns, that happened since. The over-riding theme, however, was the 'cuts', the systematic dismantling of the welfare state, and the Utopian hope that something else will take its place. The consequences are bound to be severe: This is exactly the kind of policy US government followed in the years leading to Great Depression. There are many similarities: The faith in market forces, the almost sadistic celebration of creative destruction, the bookish hope that enterprise is a cure-all, and finally, the very British habit of watching the weather, in the housing market. Which has now effectively stalled. The declaration of victory against recession was surely premature, and the double-dip seems to be back in force. The housing market, except in London, has stalled completely, and this is before further mortgage crunch and higher int...

As David Cameron oversees a rapid dismantling of the Welfare State, that bastard child of Capitalism which won the Cold War but never got any credit for it, he must be hoping that something else will fill the void. Something else must, as Welfare State held the western societies together and its absence may mean a world full of despair, breakdown of social life and crimes and drugs and all the things noir. Cameron's big idea was to fill the void with 'Big Society', a sort of third sector utopia where the voluntary citizen organizations and social enterprises step in to fill the void, create opportunities and spread the word for self-reliance and creative thinking. The problem is - it is not working. The reason it is not working, and it may not work in future, is because it is so utopian. There may be a lot of lament about the disappearance of community, but this is one thing that capitalism does: Removes the social markets. We would love to see things in pretty boxes: Socie...

This is the nearest thing to a Liberal Arts college I can get to do in the Private Sector. So I am interested: In fact, I am completely focused on this now. This is an interesting turn in my life. Six months ago, I made a career transition into higher education - but did not exactly know what I wanted to do. I wanted to teach, do research and write a bit, but living inside a Private College 24x7 meant more than that. I entered with an open mind, never said no to any work and learnt many things. About now, I am ready to pursue my ideas yet again. This is an interesting and scary time in British private education. Government clearly wants to shift to private funding of higher education. They have come up with a middle of the way review report, which seems radical and slightly woolly at this time. (Alan Ryan in Times Higher Education is sceptical that the recommendations will ever be implemented) But I would rather take Browne report as a statement of intent and a hint rather than a poli...

Last weeks riots in London, if it was ever reported, largely went unnoticed in other countries. Indeed, no one died: Just a few disaffected students with support from serial troublemakers ransacked the Conservative Party Headquarter and threw, in totality, one empty Fire Extinguisher from the roof towards the police. Such things happen, particularly in the context of severe 'cuts' that the British society is going through. We shrugged this off as a minor event. It should be, coming after the Tube Strikes in London the previous week which caused more disruption for a greater number of people. And, also, seen in the context of the proposed (but later canceled) strike by Fire Wardens on the Bonfire day, this incident snapped up less Column space in the newspapers. BBC mentioned it in the passing: Most of people moved on, including the protesters. Nick Clegg , the Liberal Democratic party leader and the Deputy Prime Minister, whose party got elected after signing a pledge not to r...