Oconnellomics

Giuseppe di Lampedusa In times of economic crisis all sorts of things get turned upside down: Keynesians become Monetarists while Monetarists become Keynesians. At the same time politicians and their most senior hired hands start listening to economists (for a while at least) whom they used to ignore. In such times di Lampedusa’s insight is…

What has happened to Libra? Facebook announced the scheme back in June 2019 in a blaze of publicity, almost immediately followed by a massive negative reaction: central banks on regulatory grounds; commentators on dystopian grounds; just about everybody on the grounds of Facebook’s reputational difficulties. Although there have been no formal announcements of closure, it…

From the very beginning there was something disturbing about the government’s daily virus briefings. Something I couldn’t quite identify, something dreamlike and other-worldly. They reminded me of something but I couldn’t recall exactly what. It was Sunak’s first appearance that broke the spell and dragged an old memory to the surface. His suit was too…

There now seems to be universal agreement on the proposition that nothing will be the same again. There also seems to be universal disagreement on how different things will be. Strange Days have certainly found us. One of the strangest things is how Rishi Sunak promises hundreds of billions of pounds in rescue package handouts…

Strange days have found us Strange days have tracked us down They’re going to destroy Our casual joys – The Doors . Every day brings something new. The unthinkable becomes normal. The impossible becomes mandatory. We are living in truly strange times… Do you remember when things were really humming? It seems like only yesterday…

Daniel Trilling in The Guardian, 18 February 2020: ‘It has become received wisdom among Westminster pundits that the new winning formula in politics is to “move left on economics and right on culture.”’ Sounds like National Socialism doesn’t it? But then we think ‘Oh well, it can’t happen here.’ Maybe because we think we’re not…

‘I couldn’t vote Labour because I don’t trust Corbyn, so I’ll vote Conservative for the first time in my life’ – a refrain repeated over and over again, with some variations, on the doorstep during the 2019 General Election campaign. An extraordinary piece of logic by any reckoning: I don’t trust Corbyn so I’ll vote…

This post is designed to pull together a number of threads indicated in various other posts I have made since March 2019, and to put them in a coherent context. It seems like a good idea to do this in light of the GE2019 outcome, where there is something of a battle going on in…

2019 is the birthday year – the Internet is 50 and the WWW is 30. What started as a borderless free exchange of information and views, mainly between academic users, has transformed into a fully commercialized and ubiquitous communications mechanism. So ubiquitous, indeed, that it seems difficult to imagine life without it. So essential to…