Hrkn to .. Thought for the Week

The earthquake disaster in Turkey shows yet again how little we learn from the past, and the limited attention we give to planning for the future. Constitutional principles could do much to help - but are we making best use of them? Meanwhile insurers tend to refer to natural disasters as 'Acts of God', but such a description doesn't align with with the Christian understanding that the nature of G...

The huge take-up of ChatGPT over recent weeks has brought the challenge of Artificial Intelligence into sharp relief. As the Chief Executive of its creator, OpenAI, said in one of his blogs, 'Artificial Intelligence will bring unimaginable wealth but, unless something changes, most of us will get none of it. We need a radical solution'. Conventional wisdom sees Universal Basic Income as the way th...

If you’re currently aged between 43 and 59, start watching the news carefully: the chances are that the Government has you firmly in its sights. Of course there's much talk of getting you back to work, if you're one of the 'economically inactive' following the pandemic — but they also have it in mind to make you wait a couple of years longer before your pension can start. For every downside there...

The Resolution Foundation's paper 'ISA ISA Baby' released last week drew a scathing response from This Is Money, and understandably so. Their analysis of the inadequate attention given to building savings and investment in low-income families was very much on target, but they chose to accompany it with an ill thought-out and uninformed attack on the most successful long-term savings and investment...

Everyone knows the key ingredients which provide the best opportunity for a young person to achieve their potential in adult life. Love and encouragement are right at the centre but, following close behind, there’s the need for some financial resources and life skills in order to give them the best opportunity for success. For young people in care, the last two of these plus plenty of encouragemen...

New Year resolutions are in the air, and both Sunak and Starmer set out theirs in speeches on 4th and 5th January respectively. Much of the media reporting was drowned out by Harry's book and associated interviews, and headline objectives such as halving inflation and restoring growth were somewhat 'motherhood and apple pie'. But dig deeper (there are links to the full texts in the webpage comment...

Our understanding of science moves forward relentlessly: it feels that we are not far from unwrapping the mysteries of the spiritual dimension. For example, the seemingly impossible basis of communication which is quantum entanglement, illustrated by murmurations, appears to be beyond the limitations of the known laws of physics — could this be the route by which the disciplines of spiritual and s...

Liz Truss and Kwazi Kwarteng could have done with the House of Lords Economic Affairs Committee report 'Where have all the workers gone?' to supplement our commentary on 26th September 'Workforce Capacity is the Missing Link'. It was, however, published a couple of working days before Christmas, and it prompted us to consider again what's happened to the more than half a million people who are not...

Let's hope that, as we approach 2023, we can start looking ahead in contrast to the wave of pessimism with which we greeted 2022, and which has proved to be so accurate in retrospect. Is it too much to hope that we are at the nadir of the economic cycle, and at the point when tyrants recognise the limits of force and suppression of individual freedom? Is it unrealistic to imagine a world in which...

Last week's rather under-stated 'Edinburgh Reforms' will pave the way for a major step forward in the UK's contribution to global financial services. In what Mark Austin describes as a 'Darwinian evolution', this broad set of regulatory changes not only frees the City from decades of living under the European Union umbrella of directives, but also continues with measures to ease over-reaction foll...

Last week's Census announcement, that the population of those in England and Wales who identify as Christian has fallen below 50% for the first time in 1,500 years, contrasts strongly with the fact that the secular culture which surrounds us is more deeply embedded than ever with the values that Jesus taught — arguably more so than the Church itself — to love our neighbours as ourselves. How did t...

Even if Putin were to succeed in his barbarous land-grabbing attempt, what would he inherit? A land where almost all facilities of civilisation are being bombed into oblivion, inhabited by a people filled with disgust and distrust for the Kremlin autocracy: and, bearing in mind that an estimated 11 million Russians have family in Ukraine and the close cultural relationship between their two countr...

Far from digging the UK out of the mess that seventy years of socialist welfare have got it into, our new Conservative government seems intent on burying us still deeper. Of course fiscal responsibility must come first, but why perpetuate the myth that everyone, including the wealthy, must receive equal free rations: even if it significantly reduces the amount of public resources available for tho...

The greatest challenges facing humanity - climate change, economic injustice and peaceful coexistence - are global and long-term in character. The United Nations talks about them, but lacks authority — which can only come from democratic legitimacy. We propose a country-by-country transition to directly-elected UN representatives in order to enable global long-term solutions to take precedence. Ba...

The UK Office for National Statistics reports that one person in every six was born overseas. It's evident that geographical mobility is already with us: the problem is now social mobility. Solutions lie not with parochial nationalism, but in working with business and organisations with an international governance remit such as the UN for a long-term resolve, just as we are attempting to do with c...

Following the past few turbulent weeks on stock markets, the launch of a new training course called ‘Investing Basics’ by the UK society for individual shareowners 'ShareSoc' comes at a good time. It will both remind seasoned investors of good practice, and help newbies understand the dynamics of the markets and the potential for good investment. After setting the scene for a fresh look at investi...

As Rishi Sunak steps into the lead role in British politics, we look at the educational choices which have paved the way for him, and discuss how the search for a more egalitarian form of capitalism can reconcile opportunity for all with individual freedom. The degree to which parents take responsibility for that education, as Rishi's parents did for him, is critical — and that poses a significant...

Our new Chancellor of the Exchequer, formerly the longest-ever serving British Health Secretary, is uniquely well-placed to understand the burden that universal health care provision places on the public finances, and why we must crack this 70-year addiction. In this episode, we analyse how heavily this burden is impacted by care for older people, many of whom are well-placed to be able to cover t...

The past seventy years have seen remarkable progress in so many areas, but they have also been accompanied by a growing addiction to debt. We've lost connection with the disciplines which should govern the use of debt: like the road runner who has just lost touch with the cliff edge, there is no longer any solid ground on which we can land — so we must now anticipate painful re-adjustment as marke...

Lord Rees, Astronomer Royal and former Master of Trinity College Cambridge, has just published a new book called ‘If Science is to Save Us’, which he discussed at a Topos Institute seminar at the Royal Society in London on Wednesday 27th September. Our 'Thought' for this week reflects on his analysis of the mega-challenges which confront us, picking up links to commentaries on his themes which we...

There's a key missing link in Kwasi Kwarteng's mini-Budget strategy — workforce capacity. The unemployment rate is already at a record low of 3.6%, with many more vacancies than job-seekers: if we don’t tackle workplace capacity, the new Growth Plan won’t work. However there are initiatives we can take at both ends of the working age-range which could increase the available workforce by at least h...

The ground-breaking announcement last week from the Oxford Institute for New Economic Thinking, almost totally eclipsed when it was published, is that decarbonizing the energy system by 2050 could save at least $12 trillion compared to continuing with our current levels of fossil fuel use. So, once this has transformed energy supply across the world, can we at last look forward to a silver lining...

“I said to the man who stood at the Gate of the Year, ‘Give me a light that I may tread safely into the unknown.’ And he replied, 'Go out into the darkness , and put your hand into the hand of God. That shall be to you better than light, and safer than a known way.'” - indeed, the guiding light for the servant leadership that she gave us throughout these past seventy years. Our Thought for this We...

As Liz Truss takes the hot seat in British politics, we explain why political leaders must embrace disintermediation and servant leadership as the way forward to a better world: indeed, this may have been the missing link in Gorbachev's Russia which might have enabled egalitarian capitalism rather than oligarchs and autocracy. Arrogance is so often the Achilles heel of leaders, and genuine humilit...

Hardly a day goes by without yet more evidence of our approach to empowering the next generation being wholly dysfunctional; the gap between Baby Boomer and Millenial wealth is reaching record proprtions. Meanwhile, as President Biden made his bold move last week to cancel student debt, it provoked an explosive eruption of criticism from Wall Street Journal readers. Here in the UK, another initiat...