Posts tagged with ‘finance’

Barclays: why no criminal prosecutions?

After the credit crunch, it was very natural to think that surely someone somewhere ought to be punished for what happened. But I was open to the argument that what had happened was a combination of incompetence, greed, systemic failure and macro-economic forces, rather than actual fraud — or at least that fraud was a small part […]

The weird existence of tax havens

Tax avoidance/evasion is in the news again, and once again I find my mind drifting back to that book Treasure Islands, which I read a year ago and stuck with me since. Because a lot of these issues of tax policy are inevitably messy and complicated, both ethically and as a matter of pragmatic policy; but […]

My Prime Minister went to Europe and all I got was this lousy veto

So, David Cameron went off to Europe, with the continent in desperate need of an agreement that might stave off financial catastrophe. And it was always going to be difficult to come to a deal which was acceptable to all the various countries, which was why the wrangling has been going on for months. But […]

Needling camels

I think it’s fascinating the way that, quite accidentally, the Church of England has been drawn into a debate about the state of capitalism. Because the protestors were not targeting the church; it was a pure accident of geography that a protest aimed at the Stock Exchange should end up camped around St Paul’s. But […]

Treasure Islands by Nicholas Shaxson

Of course no non-fiction book these days is published without a subtitle; this one is Treasure Islands: Tax Havens and the Men Who Stole the World. It is a book with a particular argument to make, that tax havens are a Bad Thing. And it does a good job of making it engaging and readable, considering […]

Financial pandemic

During the most dramatic paroxysms of the banking sector last autumn, they kept saying, in the media, that this was the worst financial crisis since the Great Depression. But I think a lot of people (like me, initially) heard that as: the worst economic crisis since the Great Depression. And the thing is, they were […]

Links

The Quiet Coup – The Atlantic (May 2009) 'The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and […]

Links

Wine and Water ‘As I wait, a young gentleman receives his book from Special Collections. It comes in a little packet, and when he pulls it out, I can see that it is smaller than his thumbnail. The look on his face, somewhere between surprise and annoyance, is priceless. He tries, momentarily, to read it, […]