by Toby Gill
Part of a new series exploring the concept and consequences of ‘free trade’ from a variety of perspectives. (Part 1 can be found here and part 2 can be found here.)
‘World peace’ is a staple for utopian theorists, science fiction writers, and beauty pageant winners. Sadly, an end to all international conflict still seems like a very distant dream. However, when it comes to war, for the last 60 years there has most definitely been an elephant in the room. Why are we all getting on so well?
Of course this is to say nothing of civil wars, hybrid wars, and grassroots violence, all of which remain (sadly) rife. But when it comes to wars between states, especially between great powers, we are living in the most peaceful era in recorded history. This is even more impressive considering that many were worried a third world war would immediately follow the second. So what’s going on?Continue Reading
by Toby Gill
Part of a new series exploring the concept and consequences of ‘free trade’ from a variety of perspectives. (Part 1 can be found here: How to Hunt the Stag: Power, Blackmail and Exploitation)
Let’s suppose I am the editor of a brilliant and highly successful politics and arts magazine (ahem). My magazine is so utterly brilliant that I believe it’s time to break into an international market. I’m aiming big – I want to sell my magazine in China. However, all manner of obstacles lie in my way. Firstly, there is the physical distance – my magazines have to reach the other side of the world. Next, I would need to alter the magazine to comply with Chinese laws and regulations (which could be completely unrecognisable, even if they weren’t written in a different language). Then I require the local infrastructure to advertise my product, a shop to sell it from, and local workers to operate this shop. Each of these steps will also require a translator, as will the translation of my magazine itself. I also need the Chinese State not to have any subsidies for local magazines that price me out of the market, nor quotas which restrict my sales. Finally, even once all this has been achieved, cultural differences may render my once gripping magazine totally uninteresting to locals.
In short, my magazine isn’t going to sell many Chinese copies any time soon.Continue Reading
by Joe Burns
Over the last three decades, the number of people that control the businesses that shape our lives has decreased dramatically. Distant stakeholders and unrelated shareholders seem to have a say in local housing projects, food supply, transport maintenance and many other necessary community projects. Big brands are becoming more successful at dictating markets and reaping the rewards.
In the recent past, Tesco executives were revealed to have been paid up to 900 times more than the average Tesco worker. Dave Lewis, CEO of Tesco, was paid £4,600,000 in 2016. When explaining the reason why he received almost five million pounds in one year, Deanna Oppenheimer – who is the leader of Tesco’s remuneration committee – said he had achieved increased volumes, reduced costs, increased cash flow, and completed significant disposals and business restructuring to strengthen the balance sheet. For some, more money is what makes good business.Continue Reading