Category: Economy

Bitcoin: The Politics of a Stateless Currency

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By Suhail Mayor

Throughout time, literature has been replete with a wide variety of differing accounts on the concept of money. Through these theoretical versions of discourse most of them follow a common thread; they are intensely political in nature. Money has always been and will be a talking point in relation to its control and the role of government. While one side suggests that government and laws are crucial to the nature of money, others have come to believe that currency and economic activity can arise spontaneously without a centralized authority. Emblematic of a basic law in economics inferring that government intervention always leads to inequalities in the market. Continue reading “Bitcoin: The Politics of a Stateless Currency”

The Paradise Papers: Central to Society

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By Sarah Jasem

The Paradise Papers are 13.4 million leaked documents spanning the period between 1950 to 2016, which reveal the extent to which the assets of corporations like Facebook, and wealthy public figures from the Queen to Harvey Weinstein, are held offshore where they can be unregulated and untaxed. Almost 7 million of these documents are related to a law firm called ‘Appleby’, filled with lawyers who specialise in registering trusts and companies in overseas jurisdictions with little to no tax rates such as the Cayman Islands, the British Virgin Islands, Bermuda and Mauritius. The leaks were passed on from German Newspaper Süddeutsche Zeitung to the International Consortium of Investigative Journalists, ICIJ. Similarly, in 2016, the same newspaper leaked 11 million documents to the ICIJ where the tax avoidance was orchestrated not be Appleby but by Mossack Fonseca, a law firm in Panama, hence the 2016 leak being marked, ‘The Panama Papers’. Continue reading “The Paradise Papers: Central to Society”

The New Right: Fictitious Yesterdays and Fabricated Tomorrows

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By Ovais Malik

In contemporary political discourse, doctrine and reality tend to be radically divorced from each other. We often hear from the New Right about the alleged glories of private enterprise; the wonders of the “free market”; and the incompetence of government intervention. When it comes to reality, however, sinister hypocrisies pervade this rhetoric. Continue reading “The New Right: Fictitious Yesterdays and Fabricated Tomorrows”

Neoliberalism and Its Upheaval

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By Vladimir Ivlev

Peer through the lens of neoliberalism and you see more clearly how the political thinkers most admired by Thatcher and Reagan helped shape the ideal of society as a kind of universal market (and not, for example, a polis, a civil sphere or a kind of family) and of human beings as profit-and-loss calculators (and not bearers of grace, or of inalienable rights and duties).

Stephen Metcalf, The Guardian Continue reading “Neoliberalism and Its Upheaval”

Opinion Piece – Ignorance Beyond the West: East Asia

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By Emma Temple

Broadly accepted connotations of Eastern Asia are likely but not limited to ideas of a technological hub, a catalyst for global progression not least on an economic level but also in terms of military and material power. There is not in political practice, however, an in depth understanding of the cultural nature of the area, and the roles that individual domestic cultures have in shaping foreign policy as well as global outlook. Continue reading “Opinion Piece – Ignorance Beyond the West: East Asia”

The Fall of an Empire

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By Daniel Atherton

Comparing the demise of the European Union to the collapse of the Roman Empire.

“A rising power on the peripheries in the North East, an overreliance on imported labour, a faltering economy, the rise of an inhumane enemy from the Levant, overexpansion, political instability, corruption within constituent members, the loss/lack of a uniting identity, mass migration including refugee influxes, and the weakening of central authority.”

Evan Andrews, The History Channel

You’d be mistaken for presuming that the above text is describing the demise of the European Union. You’d be wrong – but forgivably so. Continue reading “The Fall of an Empire”

Why Have Relations Between Russia And Belarus Deteriorated At The Beginning Of 2017

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By Yuri Polyakov

Russia is certainly the closest and the most important partner of Belarus. They both share common cultural, economic and political ties. In fact, Belarus was the only country in the post-Soviet space who actively encouraged further integration of its political and economic system with Russia. Perhaps Alexander Lukashenko played a prominent role in fostering ties with Russia since he became President of the Republic of Belarus in 1994. However, his recent remarks about Russia and President Putin astonished the Russian political and business establishment.

Continue reading “Why Have Relations Between Russia And Belarus Deteriorated At The Beginning Of 2017”