The UK is an imperial nation without an empire that needs a new vision of its future UK prime minister Liz Truss’s resignation announcement after 44 days in office is the product of long-term trends not something new. It looks…
Category: The state
Digitalisation is the third money revolution (and perhaps the last one)
The second week of May witnessed a fresh downward twist in the decline of cryptocurrencies since the autumn. On 12 May, the combined market value of all cryptocurrencies was reported to be $1.12trn. That’s about a third of the figure…
Labour and Conservatives debate the free market and the role of the state but there is no right answer
UK Prime Minister Teresa May delivered a speech in London on 27 September that called for greater support for the free market. It came the same day as UK Labour Party leader Jeremy Corbyn said a future Labour government would…
Scotland’s No vote is neither good nor bad for value-creation
Scotland’s decision to reject independence could leave the country in the worst of all possible worlds in terms of developing policies to promote value creation in an economy where services are dominant. The consensus among conventional economists was that independence…
Scottish independence and the state in the age of intangibles
Value-creation in services is exclusively the product of constructive interaction at the level of the individual. This fact is testing business corporations and states in different ways. For businesses creating intangibles, the challenge is delegating responsibility for interaction with customers…