All around the world, anti-capitalists are currently united in the hope that the crisis unleashed by the coronavirus could finally herald the long-awaited end of capitalism. Whether in the United States, Great Britain, France or Germany, anti-capitalist intellectuals everywhere trot out the same arguments: they previously hoped that the global financial crisis of 2008 would ... Continue reading
We don’t know what the future holds, but we still need to make far reaching decisions.  Unlike F. A. Hayek, who said the he preferred true but imperfect knowledge to a pretence of exact knowledge that is likely to be false, we seek certainties that don’t exist and invent knowledge that we can’t have to ... Continue reading
The COVID-19 pandemic is delivering a deep, severe shock to the global economy. Millions of people face an uncertain future, with no idea when (or, indeed, if) they will be able to return to work or see family members again. The effects will be felt in every home across Britain. Current measures are rightly focused on the physical health of the nation. Lockdowns, school closures, handwashing advice, ... Continue reading
No-one can have failed to notice the half-empty supermarket shelves and long queues for essentials. Loo rolls even rivalled flowers as the Mother’s Day gift of choice. Fortunately, this is one phase of the coronavirus crisis which should be over soon. There has been a marked difference between what people say is socially acceptable and ... Continue reading
Fresh on the heels of last month’s suggestion that the IEA should delete books comes a new invitation from the Guardian newspaper, asking the IEA to agree that American support for advancing education about the institutions of a free society is deeply sinister and improper. These are some of the statements (note statements, not questions) made by the ... Continue reading
The Conservative party conference is over and it is a good day when praise for free markets dominates the Prime Minister’s party conference speech. The freedoms and liberties we enjoy in the UK go hand-in-hand with a commitment to economic liberalism, which creates prosperity and raises living standards for everyone in society. But Boris Johnson ... Continue reading
In this week's podcast, the IEA’s Digital Manager Darren Grimes and Dr Kristian Niemietz discuss two new books in which the authors claim to lay out their socialist alternatives. The first book is Fully Automated Luxury Communism by Aaron Bastani, which explores everything from the route to communism through socialism to Universal Basic Services, but ... Continue reading
We are delighted to welcome Linda Edwards as a new member of the IEA Board of Trustees. Linda is a US citizen and UK citizen who attended law school in Texas before practising mergers and acquisitions law at Latham & Watkins in Los Angeles. She retired from law on moving to London, and has since ... Continue reading
British Prime Minister Theresa May is obsessed with measuring pay gaps between social groups. She championed the requirement for companies with more than 250 workers to measure the so-called “gender pay gap.” Now she wishes companies to measure the “ethnic pay gap.” Yet these measurements, hailed by champions of intersectional theory, produce deceptive statistics that ... Continue reading