I gave the speech below at a central bank conference on 24th November in Asia.
De-globalisation is not the dominant theme
De-globalisation is the word of the year thanks to the victories of the Brexit vote camp and Donald Trump. It is a convenient catch-all term, but I think it can obscure more than it reveals. For example, it does capture the campaign messages of many elections in the West, yet it fails to capture the mood in Asia. Countries like China, India and Japan are still eager to participate in free trade agreements, but have still experienced a shift away from its earlier political order. I think rather than de-globalisation, the more appropriate narrative is re-establishing trust in government. This provides a better way of preparing for investing in 2017 and beyond. Let me explain. Continue reading “Understanding the New World Of Politics (8 mins)”
One of the challenges of understanding the consequences of Brexit is the apparent lack of precedent for such an event. But this pre-supposes that only the recent past is relevant. If instead we use the full sweep of history, then we can find the obvious precedent of the English Reformation that started in 1534. King Henry VIII passed the Acts of Supremacy making him “supreme head in earth of the Church of England” and repealing any “usage, custom, foreign laws, foreign authority”. The foreign authority, of course, was the Pope and the Roman Catholic Church. At the time, Continue reading “It’s Not the First Brexit, Just Ask Henry VIII”
Shakespeare. You cannot get more British than that. His works are taught in schools across the country, revered by the guardians of British culture and promoted as the quintessential British cultural icon abroad. With the UK’s referendum to leave the European Union, it may be time to fall back on such an icon to help forge a new path for Britishness. Continue reading “From Greek Drama To Shakespearean Tragedy (5 min read)”
After last week’s UK referendum result to exit the European Union (EU), I wonder whether democracy has its limitations. At the very basic level, one would hope that voters are knowledgeable over the issue at hand, and that each political group vying for votes will be held accountable for their promises.
Yet, with the prospect of Brexit now on the horizon, I’ve been looking into the mechanics and consequences of exit and its mind-bogglingly complex. Continue reading “Has Democracy Failed? (3 min read)”