Keir Starmer delivers the leader’s speech at the annual Labour Party conference in Brighton on 29 September 2021. Is he Fabianism’s final hurrah? In January 1884, seven men and two women who were by the standards of the time dreamers…
Author: Edmund O'Sullivan
I am an economist, author, reporter and media executive.
Insanity and the London housing market
A single fact says everything about what’s happened to the UK economy in the past 40 years. In 1978 aged 23, I purchased a two-bedroom flat in South Tottenham, an unfashionable suburb of London about five miles from Piccadilly Circus,…
Private equity drives the intangible capital boom
UK supermarket chain Wm Morrison will be the UK’s PE buyout since 2007 Figures from Refinitiv, the financial intelligence company, show that private equity (PE) groups have bought or announced bids for 366 UK companies so far this year, the…
Why UEFA may want England to get to the Euros final (and it’s got little to do with football)
England captain Harry Kane after scoring against Germany at Wembley on 29 June Football is a game involving balls but the key to this summer’s UEFA European Football Championship is money. It was vividly expressed when Portugal’s captain Christiano Ronaldo…
NHS plans to commercialise patient data is the worst way to make money for healthcare
On 1 July, the National Health Service (NHS), Britain’s healthcare system that deals with the overwhelming majority of UK patients, will start pooling primary care records in England to make them accessible to third parties. This will involve data about…
UK economy on the brink as Bank of England prepares for a public digital currency
UK Chancellor of the Exchequer Rishi Sunak has appointed a task force that will investigate the possibility of setting up a Central Bank Digital Currency (CBDC) as Britain’s response to the rise of Bitcoin and other forms of electronic money.…
Covid vaccine IP waiver is just the start: intellectual property is (mainly) theft
The US Administration announced on 5 May that it supports waiving intellectual property (IP) protections for Covid-19 vaccines. “These extraordinary times and circumstances call for extraordinary measures,” US trade ambassador Katherine Tai said. More than 100 developing countries have called on…
A new model for English football
White Hart Lane stadium: the gap on match days between the affluence inside the ground and the surrounding area is one of the biggest in the UK. The problem with British football can be best understood by making a match…
Europe’s Super League is intangible capital’s latest triumph
Soccer fans are up in arms about plans announced on 18 April for a Super League involving Europe’s top clubs. It’s backed by 12: Real Madrid, Atletico Madrid, Barcelona, Juventus, AC Milan, Inter Milan plus the English clubs of Arsenal,…
The intangible commodity
Karl Marx was a rationalist who rejected religious or metaphysical arguments. He was, therefore, drawn to the scientific approach to economics that the cost of production theory of value expressed. Chapter 1 of Capital’s first volume lays the conceptual foundations for…