Hrkn to .. Thought for the Week

The contrast between stock market reaction so far this year and that which followed the oil price shock in the 1970s suggests that there is little comparison with those days: and yet the massive increase in fossil fuel and food prices driven by Putin's war in Ukraine is every bit as severe as then. So why, notwithstanding the fact that economic recession is expected, are stock markets so sanguine...

Janice Turner's strikingly clear article in Saturday's Times (13/8/22) sets out why young people from low income households have such a struggle finding stability and economic security, after years of student debt, soaring house prices, and a much higher risk of split parents. In 2010 David Willetts' book 'The Pinch' was published, setting out the huge generational divide at that time: but over th...

Opening the Lambeth Conference last week, Archbishop Justin drew his colleagues' attention to the ‘lions’ threatening humanity with attack, hostility, danger and uncertainty, summarising them as climate change, religious extremism, war and government oppression, economic injustice and poverty, and culture wars. His comments on science and technology were more circumspect, accepting their capacity...

The dilemma between whether to engage or detach has challenged humanity for millennia. In all walks of life, from international tensions to faith, and from living in a civilised society to personal relationships, it challenges us — whether to work hard at finding solutions, or to stand aloof. As we've seen in Ukraine, with international relationships detachment leads ultimately to conflict. It's a...

Liz Truss and Rishi Sunak are both understandably focused on the economy, challenged by massive public debt and soaring inflation, but who will tackle the 'elephant in the room' of the gargantuan health and social care budget, which has resulted from seventy years addiction to socialist universality? We update our proposal first made in June 2018, since when the cost per adult of health and social...

Publication of the Austin Report by HM Treasury should herald a new era for a vibrant UK stock market and much greater profile for personal investors. However there needs to be significant improvements for the latter, including strengthened rights to share owner communication and voting for those whose holdings are in nominees, normalising the threshold levels for partaking in circularisations and...

People come in all shapes and sizes, and there are many people who have that strange combination of seemingly boundless energy and inherent unpredictability which are found in Mr Johnson. People who are more measured and reliable find them intensely frustrating, but there should still be a place for unconventional people, albeit not as prime minister. In this episode we find other examples in hist...

Are rich people who come from poverty more likely to be sympathetic to others in poverty because they understand their lives? Jack Ma, founder of Alibaba, clearly isn't: here he is speaking in 2014 'You are poor because you have no ambition'. And a new study confirms that those who make the journey from rags to riches are more likely to pull the ladder up behind them. It goes to show that, if we w...

Welcome to our 250th commentary, all produced over these last five years since Share Radio moved to 100% online broadcasting. It's been a period of massive change and increasing clarity on what we need to do to sort out the problems of the world, and we hope these thoughts are making some contribution in that respect. To mark this staging point we thought it might be helpful to set out some of the...

In much of modern life we value the present much higher than either the past or the future; the latter because, if we'd like our descendants to remember where they came from, we would need to leave them a legacy — which we’re clearly not prepared to do, either in our personal and civic lives. So in this episode we consider some of the range of areas afflicted by this timeline poverty, and how this...

Boris Johnson clearly hopes that an increased focus on home ownership will restore his fortunes as we approach the next election in the United Kingdom: we've certainly slipped a long way from the focus on ‘right to buy’ and popular capitalism over the decades since Margaret Thatcher was in power. Politicians often speak glibly about ownership as if it's a definitive term, but the sense of ownershi...

The Commonwealth's extraordinary ability to reconcile and accept diversity of politics and faith in this huge and growing family of nations started with Elizabeth seventy years ago. Democracy works well within nations, but her generosity of spirit has proved how an appointed leader can bring about real reconciliation between nations. The British people have yet to learn what this lesson of true pa...

It's sad to see the demise of Raleigh International, which has arranged for 55,000 young people to join expeditions to developing countries over the past 44 years. Not only have they helped many communities in countries such as Nepal, Tanzania, Nicaragua and Costa Rica, but they have also helped open the eyes of young adults to the wider world. In this episode we look at Raleigh as an example of a...

'Consult not your fears, but your hopes and your dreams. Think not about your frustrations, but about your unfulfilled potential. Concern yourself not with what you tried and failed in, but with what it is still possible for you to do.' - Pope John XXIII The old saying ‘Those who cannot remember the past are condemned to repeat it’ (George Santayana) has its place, but only to the extent that it h...

The Bank of England expects the price inflation peak to be high, but short-lived: however if it feeds into wage inflation it could seriously undermine both national debt servicing and the property market: that's why the Government appears to be adopting a tight fiscal stance and announcing a large reduction in the civil service. Carefully targeted support with the swiftly rising cost of living is...

Will Johnny go marching home, after this awful set of mid-term elections for the Conservatives? He has the intelligence needed to steer this country forward, as he's shown with both Brexit and the Covid-19 vaccine strategy. However, he has a major handicap: he not only lacks a firm foundation in Conservative values, but he's also prone to falling foul of the cult of personality. As he can't seem t...

The Theos Think Tank has demonstrated that the ‘angry hostility towards religion engineered by the new atheist movement is over' in their report ‘Science and Religion: moving away from the shallow end’. This shows how young people are increasingly open to exploring the meaning of life, and prepared to explore the bridge between science and faith. This podcast brings out some of the key points emer...

The range of major drivers which will steer inflation over the years ahead is wide and diverse, but their duration must be considered as well as their positive or negative impact on rates. For example, the drivers most affected by Putin's war in Ukraine are energy shortages and supply chain disruption, and the threat of de-globalisation in future. These all contribute to higher inflation but it is...

Helping young people to achieve their potential as an individual is a key objective for those who believe in a more egalitarian form of capitalism. So in this episode, we focus on some initiatives which will help us move in that direction in the years ahead. Included in this programme is an excerpt from the epilogue of Antoine de Sainte Exupery's 'Wind, Sand and Stars'. Background music is 'Solar...

How can Patriarch Kirill, head of the Russian Orthodox Church justify his support for Putin's murderous assault as in keeping with Christian teaching? Former Church of England Archbishop Rowan Williams, whose long affinity with the Orthodox Church brings a deep awareness of its history, is right to call for Russian Orthodox expulsion from the World Council of Churches. In this week before Easter w...

The contrast in wealth distribution between key regions and countries around the world is as stark as ever. In this commentary, using analysis in the Credit Suisse Global Wealth Databook, we look at the convergence we need to achieve in order to help encourage a more egalitarian form of global capitalism. The music accompanying this episode is The Nexus Riddim by Konrad OldMoney Learn more about y...

There's no question over Rishi Sunak's commitment to a strategy to encourage people to work; however, faced with a major cost of living crisis for those on the breadline, there's a real need to complement it with a strategy for sharing. If HM Treasury is not inclined to assist, it should at least set out a plan to encourage those who will. Learn more about your ad choices. Visit podcastchoices.com...

The sight of Putin seeking to rally his 'supporters' at Moscow’s Luzhynik Stadium is nothing new: the use of mass charisma as a tool for controlling people goes back millennia, and remains a major challenge for those who believe in individual liberty. This week we look at how the technique, recognised by German sociologist and political economist Max Weber as one of three tools of political domina...