Showing posts with label New Internationalism. Show all posts
Showing posts with label New Internationalism. Show all posts

Tuesday, May 03, 2016

LIVINGSTONE, HISTORY AND "MASS KILLINGS"

Ken Livingstone and Adolf Hitler (International Business Times)
The political storm created by the former London Mayor, Labour MP and Leader of the Greater London Council's suggestion that Adolf Hitler was a Zionist shows little sign of abating. This post offers a guarded defence of Mr Livingstone, a long-time controversialist, whose comments have prompted some much needed historical and international discourse in British politics, without, however, supporting his version of history.

Ken Livingstone was suspended from the Labour Party as a result of his clumsy attempt to disentangle Anti-Semitism and Zionism. He was previously expelled from the party by the New Labour government and stood as an independent in the first election for a London Mayor in 2000 in which he won a decisive victory. He was later re-instated by the party and stood as a Labour candidate in 2004. On both occasions, London's ethnic minority communities were a key constituency for Mr Livingstone, along with other groups who felt under-represented in, or let down by, mainstream politics. Perhaps more than any other politician, Ken Livingstone has led the transformation of the UK's capital in to a multi-cultural global city, and compromised his left-wing credentials along the way. It is not without irony that Mr Livingstone - for his detractors one of the founding fathers of modern British political correctness - can be quite politically incorrect himself.

The reason for this, and indeed for Ken Livingstone's political success, is that he is in many ways the quintessential post-war Londoner. The "Life of Ken" is worth reading up on, not least because it has caused much more controversy over a similar time period than Monty Python's "Life of Brian" . Nevertheless, the notion that Mr Livingstone is in some way a Nazi apologist is completely absurd, nor in my view, is he Anti-Semitic.

What Ken Livingstone always has had, along with his onetime arch-enemy Margaret Thatcher, is a highly selective version of events (historical and contemporary), with a possibly even greater tendency to be over-influenced by particular advisers and intellectuals without giving full and proper attention to those with different views. In the present furore, Mr Livingstone has cited the work of the American Jewish Marxist historian Lenni Brenner as evidence of Hitler's early support for Zionism.

However, the wider historical consensus on Nazi policy towards the Jews is very different. For instance, writing in today's Independent on the subject of "Hitler and Zionism" Professor Rainer Schulze points out that:  "Claims that Hitler was a Zionist, or supported Zionism, before his anti-Jewish policies turned into murder and extermination flare up at regular intervals. They usually cite the controversial Haavara Agreement (Transfer Agreement) of August 1933 as the most potent evidence of a wilful cooperation between Hitler and the Zionist movement. When viewed in a certain way, this deal does superficially seem to show that Hitler’s government endorsed Zionism – but just because it was a mechanism to help German Jews relocate to Palestine it does not imply it was “Zionist”. Professor Schulze is General Editor of "The Holocaust in History and Memory" a research project led by the University of Essex and his article originally appeared in "The Conversation".

Returning to Mr Livingstone, his unwary, shorthand view of history has, nevertheless, unwittingly contributed to the Labour Party's new "Big Conversation" on the relationship between the past and present. As my own contribution to this discourse, I would strongly recommend that the former London Mayor, together with Labour's present Leader and his colleagues add to their summer reading - if they have not read it already - a recent book by the historian Timothy Snyder, "Bloodlands"  The subject of this book is "a zone in Europe where the Soviet and Nazi powers overlapped" and where at least 14 million people, mainly civilian or non-combatants, were "killed by purposeful mass murder associated with the above regimes" during the period 1933-45. Snyder purposely uses the term "mass killing" instead of "genocide" to describe the atrocities of the Bloodlands, of which the Jewish Holocaust is the most infamous.

Yet, as Snyder also points out: "During the years that both Stalin and Hitler were in power, more people were killed in Ukraine that anywhere else in the Bloodlands, or in Europe, or in the World". Indeed, Ukrainians have their own expression - the Holodomor - to describe "the greatest artificial famine in the history of the world" that killed between 2.5 and 7.5 million people in the period 1932-3 alone.

The term "Holodomor" is, however, little known outside Ukraine, currently engaged in both a "history war", and a real one, with Russia, and this points to a fundamental problem of modern history itself: that it can sometimes be as selective in its version of events as Ken Livingstone. Much of Timothy Snyder's work is based on "new" archive material that became available to North American and Western European researchers after the collapse of the Soviet Union and its Eastern Bloc in the early 1990s. However, the partial narrative of mid-century European history also occurred because Russia became a Western ally after 1941, and it suited the allies to emphasize the Holocaust perpetrated by Nazi Germany rather than other mass killings that occurred in the Bloodlands between 1933-45. Of Snyder's estimated 14 million victims, "more than half died of starvation", yet as he also admits, the "Great Chinese Famine" of 1958-62 greatly surpassed even this figure.

When Labour's John Mcdonnell presented Britain's Chancellor of the Exchequer with a copy of Chairman Mao's Little Red Book last year he was making a serious point: "...We must not pretend to know what we do not know" By this action - which was misunderstood and much derided at the time by Britain's ignorant political classes - Mr Mcdonnell meant that George Osborne , who studied modern history at Oxford University, should seek to understand what the possible implications of an increasingly close economic and financial relationship with the communist People's Republic of China might actually mean for the UK.

I no doubt risk being ridiculed like John McDonnell in conflating the power of contemporary China with the problems of its quite recent past. However, the lessons for both George Osborne and Ken Livingstone, another Sinophile, is the perennial one of needing to understand the past in order to know the present. Unfortunately, we live in an age where the "New Opium of the People"  is  the promise of a digital utopia in which cheap, plentiful and high quality consumer goods continue to be supplied to Western and other consumers by the new Workshops of the World, particularly China. The shallow and materialistic lifestyles to which the post-WII generations - from Baby Boomers to Millennials - aspire has conspired to support an elite dominated by techno-optimist groupthink. It is hardly surprising that in such a millieu histories are often forgotten, spawning an ill-educated social discourse in much of the new and conventional media. So finally, let's thank Ken Livingstone for helping to rectify this, albeit unintentionally.

Postscript: May 2018 - Mr Livingstone has now resigned from the Labour Party.

Friday, January 30, 2015

ECONOMICS FROM CENTRAL PLANNERS TO BANKERS

The European Central Bank HQ in Frankfurt, Germany
As Coursera's thought-provoking mooc on "The Economics of Transition and Emerging Markets" (see my previous post) draws to a close, I feel it's time to reflect on the state of British and European political economy.

The high-point of Moscow's Higher School of Economics online course was for me an essay for peer assessment which asked participants to compare the transitions of the former Soviet Union and China from centrally planned economies to market-orientated ones. As I researched this fascinating subject, it also became clear that there has been a parallel transition towards central planning in some market-orientated economies - I'm going to take the UK as an example - in recent years. Moreover, Bank of England Governor Mark Carney told the Eurozone yesterday to follow Britain's example, notwithstanding "...central bank governors do not usually comment on the fiscal policies of their own jurisdictions, let alone foreign ones", http://www.independent.co.uk/news/business/news/bank-of-england-governor-mark-carney-urges-eurozone-to-spend-its-way-out-of-stagnation-10009743.html Good evidence for the re-construction of the central banker's role as central planner.

It should also be remembered that not so very long ago the Royal Bank of Scotland (currently 82% owned by the UK government) "had a £2.4tn balance sheet that was as big as the German economy in 2008" making it the world's largest bank. However, following the global financial crisis, the rescue of this institution, along with other major parts of the banking sector, effectively committed the UK economy to the state capitalist model http://en.wikipedia.org/wiki/State_capitalism  A feature of this model which Britain has not yet embraced is the Sovereign Wealth Fund http://en.wikipedia.org/wiki/Sovereign_wealth_fund so Chancellor George Osborne proposes to set one up based on the proceeds of fracking for shale gas http://www.theguardian.com/environment/2014/nov/10/uk-proposes-shale-gas-sovereign-wealth-fund Although the financial viability of fracking, aside from environmental objections, is currently questionable http://www.bbc.co.uk/news/business-31022280

In Germany fracking is currently banned, and I should imaging that Chancellor Merkel is presently minded to tell Governor Carney to "frack off", after the fashion of Vivienne Westwood who once sought to style the world's most powerful woman http://www.dw.de/refining-merkels-makeover/a-1887784 As a child of communist East German Mrs Merkel knows all about the centrally planned economy. The need for the Eurozone to follow Britain down the path of moral hazard in the form of quantitative easing is therefore one reason why the Eurosceptic Telegraph can claim today that "Germany's worst nightmare has come true" http://www.telegraph.co.uk/news/worldnews/europe/germany/11377010/Germanys-worst-nightmare-has-come-true.html For what is QE but a soft budget constraint http://blogs.ft.com/maverecon/2009/10/kornai-on-soft-budget-constraints-bail-outs-and-the-financial-crisis/#axzz3QJmVZbRE of the kind linked to the collapse of Soviet communism?

Reports of the Euro's death have been greately exaggerated before, of course, but the entry of China's Renminbi into the world top five currencies this week means that we do indeed live in interesting times http://en.wikipedia.org/wiki/May_you_live_in_interesting_times

Tuesday, November 25, 2014

RUSSIANS LAUNCH COMPARE THE MARKETS MOOC

The Economics of Transition and Emerging Markets Mooc led by Professor Marek Dabrowski from Moscow's Higher School of Economics has just started on Coursera - https://www.coursera.org/course/etem and is summarised thus: "This course concentrates on challenges faced by transition and emerging-market economies, i.e. middle- and low-income countries. It starts from a brief history of communist economic system based on central planning in the former Soviet Union and Central and Eastern Europe, its evolution and collapse at the end of 1980s/ early 1990s and subsequent transition to a market system in 1990s and 2000s. Then it analyzes experience of market reforms in China, India, other Asian countries, Middle East and North Africa, Sub-Saharan Africa and Latin America at the same period. Finally, it discusses the problems of contemporary global economy and global and regional economic governance with the special focus given to emerging-market economies and their role." I'm enrolled and it looks good! However, Professor Dabrowski's style may appear somewhat unreconstructed (or just a little old fashioned) for those accustomed to the razzmatazz of some academic rockstars, despite his "living legend" status in Russia.

Postscript 26.11.2014:  I have just discovered this very good article about Marek Dabrowski - http://www.hse.ru/en/news/edu/137622553.html - who, it turns out, was "co-author of the Polish economic reforms during their most difficult and intense stage in the late 1980s and early 1990s. In 1989-1990, he served as Poland’s Deputy Minister of Finance and was later an advisor to the Prime Minister, a Member of Poland’s Sejm and an advisor to the head of the National Bank of Poland. In addition to his position at HSE, he is currently a fellow under the 2014-2015 Fellowship Initiative of the European Commission, Directorate General for Economic and Financial Affairs. His academic research interests include, among others, monetary and fiscal policies, growth and poverty, currency crises, international financial architecture, and perspectives of European integration...."

Please Note: Above image is from "Compare the Meerkat" - http://www.comparethemeerkat.com - and not from "Compare the Markets" mooc.

Wednesday, November 12, 2014

ALL THE WORLD'S A SHOW JUMPING ARENA

The UK's Scott Brash and Ben Maher on the international show jumping circuit


The recent case of a British doctor struck off for moonlighting as an international show jumping commentator - having taken repeated sick leave from his NHS hospital employer (1) - has caused me to reflect on the apparent rude health of UK show jumping as reflected on the global circuit.

Scotsman Scott Brash is currently Number 1 in the Longlines International Equestrian Federation (FEI) world rankings, having been preceded in this position by fellow Briton Ben Maher. Both are pictured above with large cheques at Florida's Palm Beach International Equestrian Center (2).

Horse and Hound magazine recently gave 17 reasons why "the flying Scotsman" is the world number 1 show jumper "for the 12th consecutive month, making him the first show jumper since Germany’s Marcus Ehning in 2006" to achieve this feat (3).

Meanwhile, off course, Scott Brash earlier this year purchased the Essex house of ex-glamour model  businesswoman and fellow equestrian Katie Price, whilst she bought Conservative Party grandee Francis Maud's former home (4).

The disgraced NHS urologist might want to consider retraining as a plastic surgeon and seek a private sector employer more sympathetic to his pursuing a second business. After all, a former GP and now health care entrepreneur was the winning horse trainer in this year's Grand National (5).

Notes
1. http://www.dailymail.co.uk/news/article-2803787/Junior-doctor-struck-taking-sick-leave-work-jumping-TV-coverage-Urologist-caught-colleague-recognised-voice-commentary.html

2. http://www.ijrc.org/scott-brash-hello-sanctos-steal-show-500000-fti-consulting-finale-grand-prix-csi-5

3.  http://www.horseandhound.co.uk/features/scott-brash-world-number-one-pictures/

4.  http://www.mirror.co.uk/3am/celebrity-news/katie-price-buys-new-mansion-4463372

5.  http://www.birminghammail.co.uk/sport/national-sport/pineau-de-re-wins-grand-6925172

Postscript - Equestrian enthusiasts may find these Coursera Moocs of interest: https://www.coursera.org/course/equinenutrition and https://www.coursera.org/course/thehorsecourse

Sunday, October 26, 2014

MIGRATION AND POPULATION CHANGE IN BRITAIN

As the debate around net migration to the UK grows, it is important to focus on the facts of population change around Britain. A good place to start is the Office for National Statistics Population and Migration page from which the above graphic is taken -  http://www.ons.gov.uk/ons/guide-method/compendiums/compendium-of-uk-statistics/population-and-migration/index.html
The UK is forecast to become the most populous country in Europe by 2035 - http://www.telegraph.co.uk/news/uknews/immigration/8851902/Migrants-to-send-Britains-population-soaring-to-largest-in-EU.html - largely as a consequence of migration from within and outside the European Union. This has led to a growing number of calls for the impacts of migration and population change to be better understood, as well as reports questioning the sustainability - environmental, social, economic and cultural - of existing and predicted increases in Britain's population. Such critical reports include work commissioned by the think tank Civitas - http://www.civitas.org.uk/pdf/LargescaleImmigration - and the campaign group Population Matters - http://www.populationmatters.org/documents/myths_migration.pdf

Population forecasts have a level of uncertainty as acknowledged by ONS. What is needed are future scenarios based on lower and higher level projections and descriptions of their potential effects on key areas of concern. The UK government should have the intellectual and technological resources to do this and to engage the British public in an objective national discourse about migration and population. However, the traditional parties have hitherto eschewed such a "Big Conversation" - http://news.bbc.co.uk/1/hi/uk_politics/3245620.stm - apparently preferring to accept that an already "Big Society" - http://en.wikipedia.org/wiki/Big_Society -
- is just going to get bigger regardless of the consequences. The recent award of a peerage to Sir Andrew Green, founder of Migration Watch - http://www.migrationwatchuk.org - for his work  "to improve public understanding of the impact of the very high levels of net migration" appears to indicate that the factual component of a popularist "big conversation" on this subject should now be supported in the managed political process.

Saturday, October 25, 2014

POPULARISTS HAVE RE-ENERGISED BRITISH POLITICS

The success of UKIP in the 2014 elections European Parliament - http://www.bbc.co.uk/news/events/vote2014/eu-uk-results - was a body blow to Britain's established political classes, especially the Liberal-Democrats. Similarly, Douglas Carswell's switch from the Conservatives to UKIP, and subsequent resounding victory in the Clacton by-election has seriously rattled the Tories. Moreover, UKIP is also attracting people from the traditional left, as the result of the Heywood and Middleton by-election and this recent Guardian article show - http://www.theguardian.com/politics/2014/oct/24/ukip-voter-guardian-website-nigel-farage The formula for this success is summed up in these comments from a north of England UKIP supporter: “We’re a grassroots movement; we’re an idea whose time has come. We’re on the long march to Westminster and we will get there.” Source - http://www.nwemail.co.uk/news/ukip-target-success-in-barrow-and-ulverston-1.1139730#

In short, as a political operation UKIP's tactical campaign led by Nigel Farage has much in common with the modus operandi of the Scottish National Party under Alex Salmond (although both men would not welcome the comparison) as this Spectator blog notes: http://blogs.spectator.co.uk/coffeehouse/2014/04/brothers-in-arms-ukip-and-the-snp-are-one-and-the-same/. It concludes: "Neither may reach their ultimate goal of separation from their respective unions (UK and EU) but they have both made politics more interesting and relevant to people previously disinterested. Regardless of whether you agree with them or not, it’s undoubtedly an achievement."

All this begs the question: "Why has popularism become become such a dirty word in modern politics?". In Europe, the answer goes back to the populist base of the German National Socialist and Italian Fascist movements in the twentieth century which precipitated World War II. More recently, popularisn has tended to manifest in anti-European Union parties as this article from the Financial Times describes: http://www.ft.com/cms/s/2/783e39b4-e4af-11e3-9b2b-00144feabdc0.html#slide0 Opposition to the EU is significantly based on challenges to the power of Brussels, particularly within the Eurozone, and the free movement of people which forms a cornerstone of the European Treaty. Although contemporary populism most often manifests in right-wing groups, in Southern Europe it is left-wing parties who have rallied supporters around these issues.

Significantly, UKIP was set up "with the aim of fielding candidates opposed to the Maastricht Treaty" http://en.wikipedia.org/wiki/UK_Independence_Party UKIP  The party has been the leading member of the UK's growing EU Referendum Movement which includes a number of other smaller parties. UKIP has been a controversial arrival on the British political scene, as a Wikipedia entry demonstrates, and its success has increasingly been identified with the leadership of Nigel Farage who "started a wide-ranging policy review, his stated aim being "the development of the party into broadly standing for traditional conservative and libertarian values." However, the party's appeal has extended far beyond those who might identify themselves with such political values. Farage now has a column in the left-leaning Independent - http://www.independent.co.uk/biography/nigel-farage-8931418.html - and has sought to "highlight UKIP's female, black and ethnic-minority candidates" and to distance the party from extremist politics - http://www.bbc.co.uk/news/uk-politics-27315328

Whilst UKIP's stance on EU and non EU-migration to Britain has been an important selling point, it seems that a "Farage Factor" drives the party's ratings in the polls - http://en.wikipedia.org/wiki/Nigel_Farage  In short, Nigel Farage is a consummate salesman as well as a conviction politician. The conditions for his rise to power were undoubtedly created by New Labour, and Faragiste politics are the antithesis of the Blairite values which persist in the present Coalition government. Whilst I would not predict that UKIP will secure "their ultimate goal of separation" from the European Union, in challenging the "grand projet", including HS2, of the modern national and transnational state (http://en.wikipedia.org/wiki/Transnationalism) and rolling back some of the frontiers of political correctness, Faragiste popularism has undoubtedly re-energised British politics, even if it has failed to grasp global climate change.

Note: The term "popularist" rather than "populist" has been used in this post with two exceptions. This article from the New York Times - http://www.nytimes.com/2012/06/24/opinion/sunday/friedman -the-rise-of-popularism.html - say of the former expression: "...I heard a new word in London last week: “Popularism.” It’s the über-ideology of our day. Read the polls, track the blogs, tally the Twitter feeds and Facebook postings and go precisely where the people are, not where you think they need to go". "Populism", on the other hand, is described thus in Wikipedia - http://en.wikipedia.org/wiki/Populism#Fascism_and_populism

Thursday, October 09, 2014

BENEFITS STREET OUTPERFORMS JOHN LEWIS STREET

 
White Dee from Benefits Street and Andy Street from John Lewis
Two British public figures have been in the headlines recently for making speeches. John Lewis man - aka managing director Andy Street - upset the French with his comments on their national decline: http://www.dailymail.co.uk/news/article-2783273/John-Lewis-boss-drunk-beer-wrote-France-finished-says-country-s-prime-minister.html White Dee - real name Deidre Kelly - of Channel 4's "Benefits Street" attended a fringe meeting at the Conservative Party conference -  http://www.dailymail.co.uk/news/article-2773553/Now-White-Dee-threatens-defect-UKIP-Benefits-Street-star-tells-Tory-conference-IDS-touch-real-world.html - to express support for UKIP. Ms Kelly's public speaking engagements seem to be going better than those of Mr Street, with the lady reporting that business is booming - http://www.dailymail.co.uk/news/article-2779195/Benefits-Street-star-White-Dee-makes-1-500-just-TWO-HOURS-partying-students-personal-appearance-nightclubs.html  Meanwhile, French prime minister Manuel Valls has suggested that Mr Street was drunk when he made the derogatory comments - purportedly in jest and for which he has since apologised - at the World Retail Congress. Perhaps John Lewis need to engage White Dee to carry out a charm offensive and restore some entente cordial: http://en.wikipedia.org/wiki/Entente_cordiale
Meanwhile, people concerned about national decline closer to home might like to look at this report on the British High Street - http://www.theguardian.com/business/2014/oct/09/national-retail-chains-quitting-high-street-rate-doubles - or read about how Britain is viewed by some of China's Big Men: http://www.telegraph.co.uk/news/worldnews/asia/china/10908008/Britain-a-petty-and-declining-empire-argues-Chinese-paper.html The expression "small government, big society" is Chinese, I believe: http://dx.doi.org/10.1017/S147474641200036X

Thursday, September 25, 2014

BRITAIN AND WAR FOR THE GREATER MIDDLE EAST

The Greater Middle East (Wikipedia)
Britain's Parliament will be recalled tomorrow during a week in which EdX launched its "War for the Greater Middle East" Mooc - https://www.edx.org/course/bux/bux-intl301x-war-greater-middle-east-1556#.VCQ063ZnBuM

The mooc is billed thus: "Military historian Andrew Bacevich recounts the failed U.S. military effort over several decades to "fix" the Islamic world, explaining what went wrong and why." Early reports of this online course are positive.

Parliament's recall to decide the extent of Britain's involvement in the ongoing conflict, which has recently entered a new phase, is one reason this blog supports the kind of federal government described in the following post, rather than a break-up of the UK.

Monday, September 22, 2014

ENGLISH PARLIAMENT: THE CASE FOR NATIONALISM

Public Entrance to the Scottish Parliament in Edinburgh (opened in 2004)




One consequence of the Scottish Independence Referendum is a re-galvanising of the case for an English Parliament, as recently voiced by the veteran Conservative MP John Redwood - http://www.bbc.co.uk/news/uk-politics-29203693  However, whilst Mr Redwood suggests that the House of Commons could double up as an English Parliament, this post makes the case for a completely new institution based outside London, accompanied by a  "Great Cull" (humanely executed, naturally) of Westminster bureaucracy. The argument for this might best be summed up in the expression Democratic Sustainable Development.

The so-called United Kingdom has one of the most centralised state bureaucracies in the world. Whilst the previous New Labour administration adopted a policy of "Regionalism", this applied democratically only in Scotland, Wales and Northern Ireland. In England, "regionalisation" manifested in the creation of  Regional Development Agencies (RDAs) or Quangos. Indeed "Quangoisation" (see Note) of government was a salient feature of the New Labour state. The Regional Assemblies which gave the RDAs some small measure of public accountability were abolished by the administration between 2008-10 - http://en.wikipedia.org/wiki/Regional_assembly_%28England%29

In 2010, a Conservative-led Liberal Coalition Government was elected and set about destroying all vestiges of "regionalisation" - which became a sort of Orwellian banned word - in England, with the stated aim of replacing this with "Localism". In effect, this has meant replacing regional quangos with local ones, including the state-funded Local Enterprise Partnerships. There has also been a re-centralisation of policy-making, notably in the area of spatial planning where English local authorities now have to adhere to a National Planning Policy Framework, which is just as top-down as the Regional Spatial Strategies which it replaced (after much legal wrangling).

Having experienced both discredited "Regionalism" and "Localism" in the past 15 years, the only real option left for England is "Nationalism". This seems to be working very well in Scotland, where record voter turnout in the Independence Referendum gave the birthplace of democracy what seems like a democratic second-coming. I am sure that the prospect of an English Parliament - let's say in Birmingham - in conjunction with down-sizing of the Westminster Elite would have a similar effect. This could leave London with a city state model of government, something that should help overcome the Capital's growing social inequalities.

If all this sounds like it could lead to "Federalism", so much the better. A federal United Kingdom might well be the best way to preserve the Union in the longer-term. It would also provide some justification for the retention of a solid rump of London-based national government. However, the strong likelihood that increased English Nationalism would empower the dreaded  F-word in British politics will ensure that people like are current prime minister and his political cronies (elected and unelected) will do everything in their power to ensure the talk is of a "family of nations" which is run by a parental union of Big Money and Big State (just as it was under the previous government).

Note
1. When I google "Quangoisation" one of the first entries to emerge is a Chinese translation - http://dict.cn/quangoisation - perhaps because it is also a key feature of the State Capitalism model of political economy: one towards which the so-called UK has increasingly moved.

Tuesday, September 09, 2014

DISUNITED KINGDOM: THE STATE OF THE NATION

"State of the Nation" is a 1997 novel by former royal spin-doctor Michael Shea that was serialised in the Herald newspaper - http://www.heraldscotland.com/comment/obituaries/michael-shea-diplomat-1.926959 The plot is summarised thus: "Following Scottish independence, worldwide recession has brought mass unemployment leading to civil unrest. An American-based corporation offers the Scottish government aid..." In the event of a "Yes" vote next week, the more likely scenario is that Scotland will ultimately have to join the Euro and, like Ireland, succumb to German economic disciplines. There may be some historical justice here insofar as the closest living relation of the last king of Scotland is the Prince of Bavaria - http://en.wikipedia.org/wiki/Prince_Luitpold_of_Bavaria_%28b.1951%29 - and not the British Royal Family. Scottish First Minister Alex Salmond also likes to invoke European precedents, namely the disunification of the former Czechoslovakia, for his country's potential exit from the so-called United Kingdom - http://www.historyandpolicy.org/policy-papers/papers/the-break-up-of-czechoslovakia-and-scottish-independence

Meanwhile, in today's edition of The Times, Rachel Sylvester writes that "Alex Salmond and Nigel Farage are both benefiting from disillusion with the Westminster elite felt by the ‘left behinds’". This seems to me to be the crux of the matter, although "left behinds" covers a rather larger rump of voters than Ms Sylvester may have in mind, I would venture. Ed Miliband has certainly picked this up in his party's rebranding as "One Nation Labour", and one of his strategists is quoted by The Times as saying: "The reason Ukip has done well in the European elections and the reason why people in Scotland may vote "Yes" is because they're utterly alienated and sick of Westminster politics as normal..." However, the sense of alienation goes rather deeper. In giving precedence to the city state of London ahead of the state of the nation, recent successive governments, namely New Labour and the Lib-Con Coalition, have failed to recognise that all politics are local.

Friday, August 01, 2014

UK PROPERTY AND THE NEW GLOBAL ORDER

Household Cavalry pass "world's most expensive apartments" (Telegraph)

"We could view the threats and challenges we face today as the difficult birth-pangs of a new global order – and our task now as nothing less than making the transition through a new internationalism to the benefits of an expanding global society...." Gordon - "how I saved the world" - Brown 2009

I enjoyed the benefits of lunch with the FT today and, in particular, a front-page article entitled "Tax haven buyers set off property alarm". According to research by the newspaper based on Land Registry data: "At least £122 billion of property in England and Wales is held through companies in off-shore tax havens". To put this in context, the figure is "more than the total value of all housing stock in Westminster and the City of London". Just under two thirds of the property is in London, with centres like Liverpool, Manchester and Leeds also targets for this type of investment. Land Registry data do not allow a breakdown between residential and commercial property. The full article can be found at http://www.ft.com/cms/s/0/6cb11114-18aa-11e4-a51a-00144feabdc0.html?siteedition=uk#axzz398lMX18s

The government is currently in the process of privatising the Land Registry - http://civitas.org.uk/newblog/2014/06/why-is-the-government-privatising-the-land-registry/ - which may make it more difficult to unravel UK real estate ownership by off-shore vehicles in the future. However, even under present arrangements records show "only the owner or entity holding a property, not the ultimate owner of the company through which the asset is held" according to the FT. This is despite existing anti-money laundering regulations, and an announcement by the Prime Minister earlier this year that full ownership information about UK-based companies would be made publicly available.

The FT analysis cites the example of "One Hyde Park, London's most expensive block of flats" which "epitomises how the rich stash their money through off-shore companies in luxurious property that can remain empty for much of the year". A global market for this type of investment is the main reason why the near-by home of the Household Cavalry, Hyde Park Barracks, is up for sale with a price tag of £600m and prospective buyers lined up -  http://www.arabianbusiness.com/abu-dhabi-s-mubadala-considers-purchase-of-historic-london-property-report-556845.html  as reported in Arabian Business. Although one commentator on this article asks perceptively:"Aren't experts warning about London property bubble????"

Meanwhile, the FT's Philip Stephens - a Rip Van Winkle (http://en.wikipedia.org/wiki/Rip_Van_Winkle) type columnist who seems to live in a prelapsarian Blair world*, rather than the alternative universe of Gordon Brown - complains of Britain's increasing hostility to capitalists and immigrants (possibly because of our dysfuctional economy ????)

*According to another FT columnist Blair "ruled in a prelapsarian age, when faith in public figures (and, I would argue, policy) was yet to be blown apart by financial meltdown" - http://www.ft.com/cms/s/0/bedfb93c-10c5-11e4-812b-00144feabdc0.html#axzz398lMX18s

Wednesday, July 30, 2014

COSTS AND BENEFITS OF MIGRATION TO THE UK

UK Prime Minister and Home Secretary on raid of suspected illegal migrants - Picture Slough Express

David Cameron and Teresa May joined a police raid of suspected illegal migrants in Slough yesterday as the government announced a crackdown on migrants' access to unemployment benefit - http://www.telegraph.co.uk/news/uknews/immigration/10996721/David-Cameron-announces-immigration-benefits-crackdown.html

It is very difficult to have an objective, robust, but nuanced, debate about the costs and benefits of migration to the UK, although a good starting point for such a discourse is Oxford University's Migration Observatory - http://migrationobservatory.ox.ac.uk/ My position, incidentally, is similar to that taken in this BBC article - http://www.bbc.co.uk/news/magazine-25880373 - entitled "More or Less: Calculating how much migrants cost or benefit a nation". The article considers the costs and benefits of migration in the UK and wider global context. With regard to the UK, migrants from the European Economic Area (EEA) are identified as net contributors to the national economy in the decade to 2011, but if total migration (ie from within and outside the EEA) to the UK over the period 1995-2011 is considered then "...immigration has been a drain on the public purse". Moreover, the benefits of mass migration, of the kind the UK has seen from some European Union countries, is likely to be short-term because "a good proportion of those people who have been in the UK for some time are likely to be older than the most recent immigrants, and so are more likely to be on benefits and using health services....".

Yesterday's announcements focused on illegal or "undocumented" migrants (whose numbers "oscillate between 417,000 and 863,000, including a population of UK-born children ranging between 44,000 and 144,000" according to work by the London School of Economics - http://en.wikipedia.org/wiki/Illegal_immigration_in_the_United_Kingdom) and EU migrants claiming unemployment benefit. A Home Office campaign to crackdown on illegal migration last year drew criticism from within and outside the government -  http://metro.co.uk/2013/07/28/vince-cable-attacks-crackdown-on-illegal-immigrants-as-stupid-and-offensive-3901527/ It followed an earlier report by the House of Commons Public Administration Committee - http://metro.co.uk/2013/07/28/uk-immigration-figures-little-better-than-a-guess-3901272/ - that immigration figures are "little better than a guess". Lack of robust information about undocumented and legal migration is certainly a problem, as is the conflation of issues around EU migrants claiming state benefits. The real issue is not the number of people claiming unemployment benefit (which is relatively small) but the growing number of migrant families eligible for the full range of other UK state benefits.

The structure of the UK economy means that many jobs are effectively subsidised by the state through in work and family benefits paid to employees. Indeed this situation might well be described as Britain's new "social contract" - the old one is described here http://en.wikipedia.org/wiki/Social_Contract_%28Britain%29 - in which migration is a key and increasingly contested part.

Monday, July 21, 2014

UK GREEN POLITICS AMOUNTS TO LOTS OF HOT AIR

Outgoing and incoming Environment Secretary: Owen Paterson and Liz Truss (Telegraph)



George Monbiot on Twitter - "Oh bliss it is to wake this morn And hear that Paterson has gorn".

A war of words has broken out between the former UK Environment Secretary and various green Non-Governmental Organisations following an article by Owen Paterson in The Sunday Telegraph - http://www.telegraph.co.uk/news/politics/10978678/Owen-Paterson-Im-proud-of-standing-up-to-the-green-lobby.html

In his article Paterson refers to " The Green Blob...the mutually supportive network of environmental pressure groups, renewable energy companies and some public officials who keep each other well supplied with lavish funds, scare stories and green tape...". He goes on to say: "Local conservationists on the ground do wonderful work to protect and improve wild landscapes, as do farmers, rural businesses and ordinary people. They are a world away from the highly paid globe-trotters of the Green Blob who besieged me with their self-serving demands, many of which would have harmed the natural environment...".

However, anyone who hopes that a more nuanced and robust debate on the environment and green politics - including how we respond to climate change - may emerge from this outburst and counterblasts from the so-called "Green Blob", is very likely to be disappointed. Yet, although I've never warmed to Owen Paterson, there is a modicum of truth is what he has to say.

As someone who has been an environmentalist since the 1970s, I do find much of the contemporary UK green movement, including those worthy "conservationists" as well as the "environmental pressure groups", more akin to campaigning brand managers than organisations primarily concerned either with the natural environment or our built heritage, but then brand management is really what modern politics is all about.

Postscript : Monbiot's riposte to Paterson's "Green Blob" article -  http://www.monbiot.com/2014/07/22/bone-china-tea-party/

Saturday, June 28, 2014

BATTLES LOST ON THE PLAYING FIELDS OF ETON

Although "the famous quote attributed to Wellington" - "the battle of Waterloo was won on the playing fields of Eton" - "was probably apocryphal" according to Wikipedia - http://en.wikipedia.org/wiki/Waterloo_in_popular_culture - David Cameron might like to reflect on whether his defeat in Europe yesterday was lost in the same place.

For our prime minister seems to lack a fundamental grasp of the history of the so-called European Project, which his predecessor Margaret Thatcher actually understood much better. As I pointed out in a post of last year - http://janetmackinnon.blogspot.co.uk/2013/04/the-iron-ladies-thatcher-and-merkel.html - whilst Mr Cameron "may privately regard himself as "the Heir to Blair", it is surely the German Chancellor who is heiress of the original "Iron Lady's" drive for democratic liberation of the former Communist Europe where Angela Merkel spent her earlier life..." 

Thus the most significant event in Europe yesterday was not the UK's failure to influence the appointment of the next President of the European Commission, but the signing of a trade agreement between the European Union, Ukraine, Georgia and Moldova; http://www.bbc.co.uk/news/world-europe-28052645 Moreover, without wishing to appear politically incorrect or incite old enmities, the concept of so-called "Lebensraum" or "Living Space" - http://www.historytoday.com/martyn-housden/lebensraum-policy-or-rhetoric - has always been an important aspect of Greater European Politics, something Russian President Vladimir Putin knows only too well.

Yet the prime minister and his government seem to have no grasp of wider European geo-politics at all. The fact is that the EU can well afford to lose Britain in the long term because the Ukraine - http://en.wikipedia.org/wiki/Ukraine - as the largest country in Europe, and one of the few places in the world with surplus agricultural land resources, represents "Lebensraum". Although use of this expression  may be construed as anti-German, British colonial expansion was also strongly motivated by the political aim of increasing land and other natural resources available to a small nation state.

With this in mind, Mr Cameron might like to reflect on last week's figures from the Office of National Statistics which saw the UK population increase by the size of Scotland's, or about 5 million people, in the period between 2001-2013 - http://www.dailymail.co.uk/news/article-2670751/Number-people-UK-smashes-64million-one-biggest-population-increases-Europe.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490 - together with a report by the University of Cambridge and the National Farmer's union which identifies a "significant" shortage of UK farmland by 2030: http://www.bbc.co.uk/news/science-environment-28003435

When I attended a Welsh comprehensive school in the 1970s, both "Lebensraum" (which I studied for my history O level) and Malthus - http://en.wikipedia.org/wiki/Thomas_Robert_Malthus - whom I studied as part of my geography A level, were fairly key curriculum subjects. I do sometimes wonder what Mr Cameron and his friends learnt at school, apart from how to advance their own careers. However, this problem of the British elite is not new, as George Orwell, also an Eton school boy, wrote: "Probably the battle of Waterloo was won on the playing-fields of Eton, but the opening battles of all subsequent wars have been lost there."

Monday, June 23, 2014

THE UK'S STATUS IN GLOBAL SPORT AND POLITICS

London Mayor Boris Johnson stuck on zip-wire before 2012 Olympics (Telegraph)


London Mayor Boris Johnson, writing in The Telegraph, bemoans England's exit from the Football World Cup and its associations - http://www.telegraph.co.uk/sport/football/10918666/World-Cup-2014-Come-on-England-dont-force-us-to-reach-for-the-pzzzzzt.html - ".....As any anthropologist will tell you, sport is the imitation of war.....Success or failure in sport conditions national psychology, and football is the global game....There is abundant evidence that sporting victory leads to feelings of well-being and confidence – and confidence, as we all know, can be economically decisive.... 

......Germany seems likely to impose this Juncker geezer on the European commission, in defiance of British wishes. Wouldn’t it have been splendid to whack the ball in the back of Merkel’s net, and beat her team in the World Cup? And why should that seem so totally unthinkable? For the sake of our self-respect and psychological health, we need someone to get a grip on the England football team – and turn them round. Of course it can be done: look at what they did to get Team GB ready for the 2012 Olympics. We need an eight or 12-year plan to rescue our international footballing reputation...." 

What a difference two years can make! Britain was third in the Olympic 2012 medal tally, behind China and the United States, and, perhaps most importantly, ahead of German in fourth place. London Mayor Boris Johnson, despite his ill-fated zip-wire act, was riding high after overcoming the English Riots of 2011 when many countries questioned the suitability of Britain to host the Games in the following year. Yet these turned out to be a success, albeit rather an expensive one whose legacy, sporting and otherwise, has been rather more questionable.

There must also be questions about the political future of London's Mayor, who turned fifty last week. Could he be the figure to rescue Britain's diminished status on the international scene, and resuscitate the spirit of nationhood whatever the outcome of the Scottish Referendum later this year? Or do Boris and "The London Problem" themselves embody some of the very shortcomings of English football? By these, I mean key players whose loyalties lie beyond British shores, and others who are over-paid and under-performing.

Whatever the answer, the next two years are going to be interesting for this country. After the Scottish question, there is the prospect of a referendum on the UK's membership of the European Union in 2017.  If the UK votes to leave the EU, this could leave Scotland with the prospect of joining the Euro which might be a better scenario for that country. However, an England, Wales and North Ireland independent of Europe is an altogether less attractive proposition, unless one accepts a certain underlying logic that this territory is in reality already a colony of Boris's birthplace fifty years ago, North America.

Wednesday, June 18, 2014

IRAN WINS ENVIRONMENTAL GOAL AT WORLD CUP

Despite a 0-0 draw in its opening match against Nigeria, Iran has won an environmental goal at the Football World Cup by highlighting the challenge of wildlifee conservation through using the symbol of the threatened Persian cheetah on the team shirt and creating a "bio-ball" that is "painted with the design of 31 other countries' endangered species". Please see Iranian Environment Minister Massouhmeh Ebtekar's official "Persian Paradox" blog -  http://ebtekarm.blogspot.co.uk - which also provides an interesting account of both the legacy of the 1979 Revolution and "Prospects for Moderation" - http://ebtekarm.blogspot.co.uk/2014/05/prospects-for-moderation.html

Sunday, June 15, 2014

BETTER INFORMATION AND LESS PROPAGANDA

Map showing "the expanding battleground" of ISIL or ISIS (Financial Times)
Perhaps it is because the UK is a major centre of the global religion known as commercial sport, of which the ageing media cleric Rupert Murdoch is a high priest, and with many newly-constructed shrines in need of dedicated patrons and pilgrims, that the BBC's coverage of world news, along with that of other British "informational" institutions, has declined in recent years. The recent history of Iraq illustrates this problem very well, and many of us beyond London's political-media classes are now engaged in a continuous pilgrimage on the World Wide Web in search of reliable information sources. However, although Iraq is an extreme news problem, as I'm now going to show, it is not exceptional.

At the end of last month, the UK Royal United Services Association published a study -
https://uk.news.yahoo.com/british-wars-iraq-afghanistan-29bn-failure-131807825.html#u2PIG17 - reported in the International Business Times, whose story was syndicated by Yahoo, to the effect that: "Britain's wars in Iraq and Afghanistan cost £29bn in government money and were strategic failures..... The 2003 invasion of Iraq fuelled the spread of radical Islam and terrorism in the UK and across the globe, according to the report by defence think-tank,  (RUSI)." In short, Iraq is bad news and this may account why the most recent outbreak of sectarianism has been poorly covered here.

I'm writing, of course, about the ISIL invasion of Iraq - http://www.ibtimes.com/it-isis-or-isil-jihadist-group-expanding-iraq-has-two-names-one-goal-1601346 - which is reported in another IBT - http://en.wikipedia.org/wiki/International_Business_Times -  article. This clearly explains the evolution of ISIL, or ISIS (an acronym used by the BBC): "The group changed its name in 2012 from the Islamic State of Iraq (ISI) to the Islamic State of Iraq and Greater Syria (ISIS), from the Arabic term for Levant, al-Sham. That is sometimes translated as the Islamic State of Iraq and the Levant (ISIL). It wanted to change its name to include a broader swathe of land, as its goal was to create an Islamic state based on Sharia, or Islamic law..." effectively from Iraq to the Eastern Mediterranean.

Wikipedia also has a comprehensive entry for ISIL - http://en.wikipedia.org/wiki/Islamic_State_of_Iraq_and_the_Levant - which maintains that the group "have captured and currently use American weapons, vehicles and uniforms in their operations..." or as one commentator to an Israeli news site's coverage of ISIL put it earlier this week: "....they're driving Toyotas"! However, to understand how ISIL functions and, more importantly, what is being done to stop its advance in Iraq, one really needs to look to a range of sources, including the BBC, as the following articles show: http://www.bbc.co.uk/news/world-middle-east-27789770; https://uk.news.yahoo.com/iraq-kurds-seize-kirkuk-sunni-militants-surge-toward-093901288.html#AWqpBsf ; http://rt.com/usa/165612-us-iran-allies-iraq-insurgency/

The Russian news agency RT article from Friday 13th June entitled "US air strikes to support Iranian Revolutionary Guard's offensive in Iraq?" is perhaps the most interesting "spin" on just how far the politics of this region have changed in recent years. In answering the question, the article states: "If so, US may find itself assisting its archnemesis in the Middle East to fight against Sunni militias that enjoy support from one of America's closest allies in the region, Saudi Arabia. The ruling family of the kingdom has long been accused of supplying jihadists all over the region with arms and financial support, the New York Times reported".

Map from Wikipedia (included in RT article) showing "Islam by country"

Included in the RT article is the above map which shows "Islam by country". Iran's isolation as the major centre of Shia Islam is obvious. With the exception of parts of Iraq, Sunni Muslims dominate the remainder of the Islamic world. However, the importance of this narrative is usually over-looked in the British media and the regional significance of Iran misunderstood, something I commented upon in a post of 22 April: http://janetmackinnon.blogspot.co.uk/2014/04/the-history-of-very-iranian-revolution.html Such oversights may be partly the result of Arab and Israeli propaganda, with the latter sort promulgated today in The Jerusalem Post http://www.jpost.com/Jewish-World/Jewish-Features/Israeli-ambassador-to-UN-Iran-is-the-worlds-primary-sponsor-of-terrorism-359366

All this illustrates the complexity of the situation in the Middle East, and not least the ambiguous role played by so-called Western allies like Saudi Arabia and, possibly "stakeholders" within other Gulf States such as  Kuwait (whose experience of invasion from Iraq may have been forgotten), in both sponsoring extreme Islamist groups whilst ostensibly helping to combat terrorism in the region. It also suggests that the vast amount of Western money and other resources pumped in to Iraq after the 2003 US-UK led invasion has itself fuelled regional instability. However, it may be that a more liberal Iran can now play a constructive role in helping to tackle this.

News coverage that recognises this complexity and reports all the facts as far as difficult circumstances allow is essential. Equally important, adequate news time needs to be allocated. Given BBC programmes and schedules that seem to be filled with increasing trivia this should not be difficult. However, given the deep-rooted problems which the Corporation seems to have in reporting news from beyond the Home Counties (ie problems of the Home rather than the World Service) - as reflected in this recent BBC debate on housing http://www.lse.ac.uk/publicEvents/events/2014/06/20140609t1830vOT.aspx -  I will continue to multi-source both my international and national news feeds.

Postscript of 18 June 2014 - Since I wrote the above post, there's been a great improvement in the BBC's coverage of these issues and I very much hope this will extend to some other subjects.

Friday, May 16, 2014

DCMS: MORE CULTURE, LESS MEDIA AND SPORT


A recent version of the famous Arabian Nights
Earlier this week, I wrote to the new Secretary of State for Culture, Media and Sport Sajid Javid about the possibility of his department supporting a series of Massive Open Online Courses (Moocs) on the cultural heritage of the Muslim world. This follows an excellent mooc sponsored by the Danish Government and led by the University of Copenhagen on the subject of "Constitutional Struggles in the Muslim World" - https://www.coursera.org/course/muslimworld - around which there was much online discussion of cultural themes, including music and literature.

Now Sajid Javid's appointment has been met with some teeth-grinding amongst UK arts institutions because he appears to come to DCMS (Department for Culture, Media and Sport) with little cultural background, having previously been a banker and subsequently, after his election as MP for Bromsgrove, Financial Secretary to the Treasury. As it happens, however, I can see a literary connection between these two roles and offer some recommended summer holiday reading to Mr Javid. "The Man Who Counted" - http://www.arvindguptatoys.com/arvindgupta/count.pdf - is, according to its wikipedia entry, "a series of tales in the style of the Arabian Nights, but revolving around mathematical puzzles and curiosities. The book is ostensibly a translation by Brazilian scholar Breno de Alencar Bianco of an original manuscript by Malba Tahan, a (fictitious) thirteenth-century Persian scholar of the Islamic Empire"(see http://en.wikipedia.org/wiki/The_Man_Who_Counted)*

"The Man Who Counted" was recently recommended on the BBC Radio 4 statistical programme "More or Less" -  http://www.bbc.co.uk/programmes/b006qshd - in which presenter Tim Harford "explains - and sometimes debunks - the numbers and statistics used in political debate, the news and everyday life". However, with regard to the running of his new department, my advice to the Secretary of State is mathematically straightforward: "More Culture, Less Media and Sport", with the exception of equestrian show jumping and eventing which need more coverage on the BBC.

Postscript: On the subject of *Latin American-Middle Eastern intersectionality, a forthcoming Coursera Latin American Culture Mooc might provide a model for something similar on the Muslim world - https://www.coursera.org/course/latinamericanculture

Wednesday, May 07, 2014

MORE LEVIATHANS IN THE LURE OF MAMMON

The original Leviathan by Thomas Hobbes
"Leviathan in the lure of Mammon: limits of political Islam in Turkey" is the title of a recent article on the Open Democracy website by Kerem Oktem - http://www.opendemocracy.net/kerem-oktem/leviathan-in-lure-of-mammon-limits-of-political-islam-in-turkey In this, Oktem uses the context of "Western-style liberal democracy's" apparent increasing loss of appeal to discuss the current political economy of Turkey. However, the article's rather brilliant title, invoking the "Leviathan" of Thomas Hobbes, might also be used to describe the state of global and state capitalism as this manifests in so-called Western-style liberal democracies.

The present controversy around US drugs giant Pfizer's - http://www.pfizer.com - take-over bid for the UK's Astrazeneca - www.astrazeneca.co.uk - seems to illustrate that there are a lot more Leviathans in the lure of Mammon around the world. Indeed this metaphor seems to sum up very well not only the whole dynamic of global capitalism, epitomised in the financial system - much of which in Britain is still state-owned - but also what Oktem describes as "authoritarian power regimes" of the kind that can be found, not only in countries like Turkey, but in the relationship dynamic between the private and public sectors here in the UK.

The relationship between the pharmaceuticals sector and the British National Health Service (NHS) - http://en.wikipedia.org/wiki/National_Health_Service - provides a very good example of this.  As one of the world's largest employers - http://en.wikipedia.org/wiki/List_of_largest_employers - the NHS has always invited comparisons with other public and private sector Leviathans, such as China's People's Liberation Army and US supermarket giant Walmart. However, it is in its more recent role as a commissioning and partnership body for private sector services that the lure of Mammon has really come in to play.

In short, the NHS is not only a global cash cow for the pharmaceuticals sector, both homegrown and international, but the partner of choice for a variety of companies providing a whole range of contract services through the so-called Private Finance Initiative (PFI) - http://en.wikipedia.org/wiki/Private_finance_initiative All this offers the prospect of a potential feeding frenzy of positively Olympian proportions for Leviathans in the lure of Mammon, and it is hardly surprising, therefore, that our esteemed National Health Service should have provided a centrepiece of London 2012's  opening ceremony. Roll on the Great Global Grab!

Monday, May 05, 2014

THE GLOBAL GRAB FOR LAND AND RESOURCES

The sale of farmland belonging to the troubled UK Co-operative Group - http://www.theguardian.com/business/2014/may/03/co-op-farms-sale-chinese-buyers - has highlighted the global grab for land and resources, of which Britain is both an origin and destination: "In a similar way to central London property, farmland is now seen as a safe bet by foreign investors – while the average value of prime residential property in London has grown by 135% over the last decade, the value of prime British farmland has increased 273% to an average price of £8,500 per acre, according to Savills." In this case, it is the prospect of a single Chinese buyer for the Co-op's 17 000 hectares (44 000 acres) which is cause for concern. However, research by Land Matrix - www.landmatrix.org - shows that the British are just as active in international land investment. An extensive article in the United States Monthly Review - http://monthlyreview.org/2013/11/01/twenty-first-century-land-grabs - by Fred Magdoff, professor emeritus of plant and soil science at the University of Vermont, covers the history of the land grab from a global perspective. However, whilst the present focus of attention is agricultural land, this should be seen in the larger context of a grab for the earth's resources. It is to be hoped, therefore, that environmental and natural resource economics, as well as land economy, will be on the preferred curricula of the International Student Initiative for Pluralist Economics - http://en.wikipedia.org/wiki/International_Student_Initiative_for_Pluralism_in_Economics - whose open letter (from the Glasgow Unversity Real World Economics Society) in today's Guardian calls for their subject to respond to "the multi-dimensional challenges of the 21st century - from financial stability to food security and climate change".