Rage against the machine

The notion of a pension fund deficit is slippery. Currently, the USS pension scheme is not in deficit: in 2017, assets generated £2bn income and paid out £1.8bn to existing pensioners. This on the basis of a massive £60bn asset base. But, evaluations of the fund’s financial sustainability do not make a simple balance of […]

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Civilisation

When carrying out fieldwork in Rwanda, there was a bar in Kigali I’d go to in the evenings. I was always the only white person there and I would sit outside with some nice cold beers, a cigarillo, and a book getting nicely toasted. On one occasion, a big air-conditioned vehicle drove up, stopped, and […]

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Socialism 2049

The state we are in Since the early 1970s – and even then only for quite small spaces and for some people for some periods – it is difficult to portray capitalism as offering an optimistic future for humanity. Growth has been weak and unstable, there have been many economic crises, wages have been stagnant […]

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