February 14, 2018 - Issue Brief by GPI Fellow Martin Hutchinson: "Britain’s Labour Party has now committed to re-nationalizing many of the utilities that were privatized to such fanfare under Lady Thatcher in the 1980s. Reluctantly, we should admit that in certain respects the Labour Party has a point. Monopolies owned by private equity groups, as have appeared in the water industry, offer no accountability to anybody. But there is a better alternative, bringing both accountability and a proper incentive structure, much used in capitalism’s earlier days: the customer-owned cooperative."Read more
February 2, 2018 - By GPI Fellow Fazle Chowdhury: "The recent blast shook Kabul’s streets. The incident appeared to be near a central part of the city with offices of European Union, a shopping market area and a hospital. The bomb exploded in the crowded street at 12:15pm Kabul time on Saturday January 27. It was set off by an attacker who managed to pass through a very tight security checkpoint disguised as a driver of a hospital van.Read more
January 31, 2018 - By GPI Senior Adviser Douglas Macgregor: "After years of service inside the U.S. military’s cutthroat bureaucracy, senior officers can recite the lessons of the past, but very few can grasp their future implications. The challenge is to find ways to create --today-- the armed forces capable of dealing with tomorrow's threats."Read more
January 30, 2018 - By GPI Fellow Martin Hutchinson, "Rarely can two economists of such eminence have been made to look so foolish so quickly. In 2015, Robert J. Gordon wrote a book proclaiming that the lousy productivity growth that we had seen in recent years was the best we could expect now and in the future. In January 2016 Paul Krugman reviewed it enthusiastically in the New York Times. Low productivity is due, we were told, to “secular stagnation”. The U.S. economy simply run out of gas. Hence low GDP growth."Read more
While Washington stated that it is aware of Turkey’s strong concerns regarding the YPG and that they will be addressed to Turkey’s satisfaction, Turkey is adamant in opposing what it calls a terror force to be deployed, with U.S. assistance, right across its southern border. A few days ago Ankara acted according to its stated intentions of neutralizing this threat by initiating a military attack against Kurds in North Western Syria. Will this military intervention escalate? Or will Washington and Ankara come to an understanding that will satisfy Ankara’s security concerns? In order to shed light on this new serious security crisis which further complicates an already fractured Middle Eastern scenario, the Global Policy Institute convened a panel of distinguished experts, Americans and Turkish, to discuss this potentially explosive matter.Read more
January 22, 2018 - By Michael Binyon : Bad luck attracts more bad luck. Theresa May, Britain’s embattled prime minister, has already suffered almost a year of political setbacks, blows to her authority and embarrassing squabbles and resignations from her cabinet. Last week came another blow from across the Atlantic. Donald Trump, leader of Britain’s closest political ally, announced that he was cancelling his planned visit to London.Read More
Corporations have a major social role in modern societies
Until not too long ago, the widely accepted conventional wisdom regarding corporations and their activities was that “the business of business is business”. In other words, stick to what you know, focus on delivering innovative products at competitive prices and let others worry about externalities. Well, it is no longer so. Laurence Fink, CEO of Blackrock a giant money management firm, tells companies that beyond taking care of their core business they also have important social responsibilities. If they do not understand them they may not be successful in the future. Here are some excerpts from his Annual Letter to CEOs.