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A Fair Game

What the recent problems in elite sport can teach us about the future of capitalism? In the Tyranny of Merit, philosopher Michael Sandel outlines the problem with our modern conception of meritocracy. We tend to champion meritocracy as an ideal

Workplace or woke-place?

Capitalism is always changing. No idea better encapsulates this than Joseph Schumpeter’s notion of “creative destruction”: the incessant innovation mechanism by which new products and services replace outdated ones is at the heart of the modern economic machine. If we transfer

The paradox of free speech

In The Open Society and its Enemies, Karl Popper argued that unlimited tolerance must lead to the disappearance of tolerance. Intolerant groups will use their platform to dominate public discourse and institutions to destroy tolerance. Thus free speech can only

The Shining City Upon A Hill

Magical realism and the US election In 1630, upon reaching the shores of New England, the Puritan John Winthrop delivered a sermon which became known as “A Modell of Christian Charity”. Like other idealistic religious devotees, Winthrop crossed the Atlantic with

The Price of Freedom

Jean Paul-Sartre famously remarked that humanity is “condemned” to be free because freedom comes at the cost of being responsible for all the actions one takes. These words have might have echoed in the boardrooms of Facebook over the last


Has society been infantilised by the state’s actions during the pandemic? In his essay On Liberty, John Stuart Mill argued that the only reason state power can be rightfully exercised over another member of society against their will is to “prevent

Fantasy Premier League

The moral limits of markets The free market is an economic system based on supply and demand with limited government control. Few businesses have benefited from the embrace of market principles as much as the Premier League. The broadcasting rights alone of

The part-time CEO

Aristotle’s golden mean is a philosophical principle which suggests that the right course of action in a given situation is always the middle way between two extremes. For example, too much or too little courage is not good, one must

BlackRock’s Green New Deal

In This Changes Everything, Naomi Klein outlines a vision for saving the planet in which investors have no role to play. Capitalism, the argument goes, is at odds with the climate. Yet, with the rise of ESG investing, is there now a

An Inconvenient Truth

In John Locke’s social contract theory, the right of revolution is one of the most fundamental political rights. When the body politic believes that the government of the day is no longer acting in their interest, they have the legitimate

The Juul in the Crown

Thank you for vaping The original ‘sin’ stock since the 1950s, the tobacco industry is at risking of blowing a premium opportunity to reinvent itself. The development of low-harm products, those that vaporise and heat tobacco rather than burn it, have

The Monzos and Medicis

Monzo’s security woes, trust and challenger banks   In the 15th century, the Medici banking dynasty ruled over Europe. The Medici family had built up a reputation which created a large financial system in an era when information was scarce.   It is

Das Woke Kapital

Unilever’s woke washes whiter Adam Smith famously claimed that “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” In recent years, we

Just giving? Philanthropy in the 21st century

Philanthropists of the world, unite! In the late 19th century, John D. Rockefeller made PR history by hiring the famous press agent, Ivy Lee, to change his public image from robber baron to caring philanthropist. Lee encouraged Rockefeller to publicise