Britain is still a world-beater at one thing: ripping off its own citizens

“Whether as taxpayers or consumers, pretty much everyone in Britain is now human feedstock for Big Capital. This may not be how you see yourself. After all, you’re a customer and in our dynamic, choice-stuffed markets the customer is king. Except that the propaganda doesn’t match reality.” Aditya Chakrabortty asks what Britain is actually for.

Darwinian markets

“I’m struck by the work of some of the anti-globalization protesters, which has been admirably out-of-the-tunnel in terms of motivation, but naively ill-informed about how the world economy works.” Economist Paul Seabright on how human beings developed a complex system of cooperation and specialization between unrelated individuals.