Gold, which John Maynard Keynes called the “barbarous relic”, has become so eagerly sought that even Costco has got in on the business. Perhaps this newfound fascination shouldn’t surprise us. For those looking to build nest-eggs, gold is easier to …
How Elon Musk lost his vibes
Elon Musk’s electronic music phase may have been a bit of a joke, but it captures the spirit of capital. His 2020 single, “Don’t Doubt ur Vibe (because it’s true)”, is a mantra for self-reliance in the hungry market, for …
Is Joe Biden gaslighting America?
When it comes to winning a US election, is the answer still “It’s the economy, stupid”? The phrase, memorably articulated by Bill Clinton’s advisor James Carville, suggests that how Americans feel about their personal finances will determine the election outcome. …
Europe faces death by decadence
The past week of Swedish politics has been a mysterious case of a dog that should have barked, but then simply didn’t. In a barely covered press release, the Riksbanken — Sweden’s central bank — announced that it had lost …
The cult of Land Rover
In most circumstances, finding your car submerged in mud up to the fenders is a sign that something has gone badly wrong. For the off-road enthusiasts of the Shire Land Rover Club, it is the entire point of having a …
Does our zombie economy need a recession?
“He’s more concerned about not losing a battle than he is about winning one,” said George C. Scott in his Oscar-winning performance in Patton, expressing the US general’s opinion of Field Marshal Bernard Montgomery. Today, the same thing could be …
Will Bidenism outlive Biden?
“We have always known that heedless self-interest was bad morals, we now know that it is bad economics,” said Franklin D. Roosevelt at the height of the Great Depression. It is a lesson that President Joe Biden has taken to …
The rise of stay-at-home girlfriends
On a summer’s day, TikTok influencer Gwen The Milkmaid can be found frying up all-American comfort food dressed in a floral prairie dress. “I don’t want to be a boss babe. I want to be a frolicking mama. I want …
Welcome to the cashless dystopia
In early August, thousands of Kenyans queued up in Nairobi to have their eyeballs scanned by an ominous silver orb, in a Faustian bargain with Open AI chief, Sam Altman. In exchange for handing over their biometric data — or, …
Marx’s vision of inequality
It is often assumed that Marx was an egalitarian thinker. This is done, I believe, not through reading Marx (few people do it) but by applying a simple extrapolation. According to this common, and somewhat naive, view of the world, …
How Vanguard Conquered the World
So what is The Vanguard Group? Where did it come from? What does it do? And how does this financial colossus fit into the overall BlackRock/ESG/Net Zero plan for the future of the (controlled) economy? Good questions! Let’s roll up …
Biden’s IRA hasn’t saved America
The Inflation Reduction Act was supposed to be “one of the most significant laws in our history”. When Joe Biden signed it into law last year, he heralded it as proof that “the American people [had] won and the special …
The impossible truth about Afghanistan
In “The Impossible Fact”, the 20th-century German poet Christian Morgenstern tells the story of an academic who undergoes a traumatising experience. He staggers home, wraps damp cloths around his forehead and collapses into his armchair to process what has happened. …
Digital oligarchs have weaponised the banks
The debanking of Nigel Farage demonstrates the power of a law that is already being enforced without having been formalised. Found guilty of crimes by state censors, secret committees of bureaucrats, or inscrutable algorithms, individuals can be disconnected and de-personed …
How Coutts destroyed capitalism
It began, as crises tend to, with the promise of convenience. Say you will make someone’s life easier, at no apparent cost to them, and you will win their attention. Fulfil that promise, and you will win their favour. Over …