The Future of Britain
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Chief editors<br />
Felix Clarke<br />
Oliver Northover Smith<br />
Graphical editor<br />
Max Beech<br />
Section editors<br />
Samuel Lewis - Politics<br />
Calvin Ngwena - Politics<br />
Jonathan French - Economics<br />
Lewis Bizaoui - Finance & Business<br />
James Wheeler - Society<br />
Chris Ranson - Media & Sport<br />
Cover illustration<br />
Jason Roy<br />
Written and produced by students <strong>of</strong><br />
<strong>The</strong> Royal Grammar School, Guildford<br />
Monarchy<br />
Scottish Independence<br />
Free-Market<br />
European Union<br />
Republic<br />
Scottish devolution<br />
Nationalisation<br />
European exit<br />
UNITED<br />
KINGDOM<br />
<strong>The</strong><br />
<strong>Future</strong><br />
Cover illustration by Jason Roy<br />
<strong>of</strong> <strong>Britain</strong>
INTRODUCTION<br />
CONTENTS<br />
Our world is characterised by prosperity. Stagnant<br />
yet prosperous in the West, entrepreneurial yet poor<br />
in the East. One is already prosperous, and one will<br />
soon be.<br />
Despite all this, we must not forget that growth is a<br />
new phenomenon. Global emergence from subsistence<br />
agriculture is a story <strong>of</strong> the last two hundred years.<br />
One <strong>of</strong> the driving forces behind this emergence was the<br />
beginnings <strong>of</strong> the study <strong>of</strong> a new subject – Economics. Men<br />
now began to study the most efficient way to allocate the<br />
resources our societies were blessed with. Adam Smith’s<br />
1776 book, <strong>The</strong> Wealth <strong>of</strong> Nations is seen as the very<br />
beginning <strong>of</strong> this process, but people are <strong>of</strong>t to forget<br />
David Ricardo, the second great classical economist, whose<br />
contributions are arguably superior to those <strong>of</strong> Smith.<br />
Ricardo’s theories on trade and pricing have founded the<br />
modern world <strong>of</strong> commerce and to him we are all in debt.<br />
This journal is called <strong>The</strong> Ricardian because we believe<br />
that knowledge about the processes that allowed us to be<br />
prosperous is essential for us all if we are to perpetuate our<br />
prosperity in the face <strong>of</strong> serious challenges.<br />
Over the next few years, <strong>Britain</strong> faces enormous<br />
challenges which she will have to confront. As senior<br />
editors <strong>of</strong> this publication, we have brought together<br />
some bright young minds to theorise about our<br />
nation’s future as well as judge her past. Some<br />
will argue that the free markets promoted by<br />
the classical economists fail to achieve all <strong>of</strong><br />
society’s goals. Others will try to persuade<br />
us that we make better decisions left to<br />
our own devices. <strong>The</strong> important thing<br />
is that we gather knowledge to make<br />
informed citizens <strong>of</strong> ourselves so we<br />
can tackle the challenges ahead.<br />
Felix Clarke and<br />
Oliver Northover Smith<br />
Politics<br />
05 <strong>The</strong> Best Government Ever?<br />
06 Is it time to abandon the EU?<br />
06 In Support <strong>of</strong> a Spoilt Ballot<br />
07 <strong>The</strong> Problem With UKIP<br />
09 2015 Election: Party Leader Pr<strong>of</strong>iles<br />
10 <strong>Britain</strong>: New direction or same old?<br />
12 French Exodus: President Hollande<br />
12 Where do we go from here?<br />
14 <strong>The</strong> End <strong>of</strong> Two-Party Politics?<br />
15 American Political System: the problem<br />
16 A Distinctly Scottish Choice<br />
17 Scottish Referendum: international<br />
18 Interview: Chris Grayling MP<br />
Economics<br />
22 We live in a meritocracy, right? Wrong!<br />
22 Mark Carney: One year on<br />
24 <strong>The</strong> Case for Fat Taxes<br />
24 Austerity? What Austerity?<br />
25 Cost <strong>of</strong> Living Crisis<br />
26 <strong>The</strong> Sinfulness <strong>of</strong> ‘Sin Taxes’<br />
27 Economic recovery: driven by South?<br />
28 End help-to-buy and start building<br />
29 Will we regret quantitative easing?<br />
History<br />
32 Did Friedrich Engels alter Marxism?<br />
32 <strong>The</strong> West: to blame for Middle East?<br />
34 Pillars <strong>of</strong> Civilization, Gods to greed<br />
35 WW2 POW Camp Economy<br />
35 American economic aggression<br />
36 <strong>The</strong> Trolley Cart Dilemma<br />
38 World War One’s Literary Legacy<br />
40 Spanish Empire & New World Silver<br />
53 <strong>The</strong> Visible 2012 Legacy<br />
55 Is the UK a Christian country?<br />
56 Can pro 23 gaming be a real career?<br />
57 Cannabis debate: the problem<br />
Media & Sport<br />
59 <strong>The</strong> role <strong>of</strong> finance in county cricket<br />
60 Dark days for conventional TV?<br />
60 Why would you host the World Cup?<br />
61 <strong>The</strong> Changing Fortunes <strong>of</strong> Man U<br />
62 Football: more than just a sport?<br />
18<br />
62<br />
Finance & Business<br />
15 Is Silver a Safe Haven for Investors?<br />
19 Pfizer and AstraZeneca<br />
15 Hit the road, Frack<br />
19 Aston Martin: an independent future?<br />
Society<br />
47 Are we too reliant on the Internet?<br />
47 A Changing Music Industry<br />
49 King George?<br />
51 Urban re-development: US vs. UK<br />
52 Should Politicians ‘Do God’?<br />
3<br />
17
4<br />
POLITICS<br />
What is politics? To some it brings about an emotion <strong>of</strong> apathy. Others become filled with rage and anger<br />
at the mention <strong>of</strong> politics. <strong>The</strong>y relate it with upper class elitists who do not concern themselves with the<br />
issues <strong>of</strong> ordinary people but see it as a way to further their own selfish aims.<br />
Admittedly there is a degree <strong>of</strong> truth to this, but I feel that politics is the most important element <strong>of</strong> society. It is a<br />
discipline in either study or real life application which provides a forum for people to express their own opinions,<br />
challenge and debate each other on key issues which are <strong>of</strong> significant personal importance. Politics also allows<br />
for citizens to place other subjects <strong>of</strong> academia into real world application. Think what impact ideologies such as<br />
conservatism would have made if there was not a system which allowed these ideas to be presented and implemented<br />
in a practical manner. As Plato so famously put it, ‘One <strong>of</strong> the penalties for refusing to participate in politics is that<br />
you end up being governed by your inferiors’.<br />
With the General Election here in the UK less than a year away, <strong>Britain</strong>’s two major political parties must now<br />
fight hard if they are to overturn the rise <strong>of</strong> UKIP that was highlighted by the European elections earlier this year.<br />
Before that there is the Scottish Referendum. <strong>The</strong> result <strong>of</strong> this will not only be <strong>of</strong> great importance in the UK, but<br />
throughout Europe and the rest <strong>of</strong> the world as various states try to claim independence themselves. So much now<br />
rests on the General election and the Scottish Referendum that both can at least be expected to have large turnouts.<br />
Samuel Lewis & Calvin Ngwena, Section Editors<br />
<strong>The</strong> best<br />
Government<br />
ever?<br />
Rupert Fitzsimmons<br />
Okay, so, the Coalition Government <strong>of</strong><br />
the past four years has not been the best<br />
government that <strong>Britain</strong> has ever had:<br />
one might even say that it has been quite<br />
mediocre, although mediocrity might<br />
just have been what we needed back in<br />
May 2010, in the middle <strong>of</strong> the economic<br />
crisis. <strong>The</strong> Coalition Government has<br />
been incredibly good for both the<br />
economy and the democracy <strong>of</strong> the UK.<br />
Additionally, it has resulted in what<br />
might be identified as a significant<br />
political victory for the Tories, as the<br />
Lib Dems have been widely considered<br />
to be the governmental scapegoat. This<br />
relatively uneventful coalition has been<br />
an incredible success as a direct product<br />
<strong>of</strong> its uneventfulness - it has reinforced<br />
significant benefactions <strong>of</strong> politics to<br />
the state.<br />
David Cameron and Nick Clegg - the<br />
‘dynamic duo’<br />
<strong>The</strong> ‘dynamic duo’, as one might<br />
sarcastically describe the publicly<br />
chummy prime minister and his deputy,<br />
have faced much criticism over their<br />
adventurously passive government<br />
but this was always going to be the<br />
case. Naturally, coalitions prevent the<br />
exploration <strong>of</strong> election manifestos<br />
during their period <strong>of</strong> governance<br />
due to not necessarily having a truly<br />
legitimate mandate. Consequently,<br />
many voters deem their votes to have<br />
been wasted and their once inspiring<br />
politicians to be traitors. This mindset<br />
is easily fallen into by the traditionally<br />
uncompromisingly partisan electorate<br />
<strong>of</strong> the UK and, to the great joy <strong>of</strong> UKIP,<br />
presents fertile ground for rigorous<br />
political conversion. For the following<br />
reasons, however, one should avoid this<br />
viewpoint.<br />
“Thatcherite<br />
economic<br />
policies... saved<br />
the UK economy”<br />
While it may seem disappointing that<br />
the politicians have, yet again, seemingly<br />
failed to deliver, I strongly believe that<br />
the hung parliament <strong>of</strong> 2010 was the<br />
best thing that could have happened<br />
to our country. We were experiencing a<br />
period <strong>of</strong> horrific economic downturn<br />
following the recession <strong>of</strong> 2009 and<br />
none <strong>of</strong> the major parties, with the<br />
possible exception <strong>of</strong> the Conservative<br />
Party with the fiscal faculties <strong>of</strong> George<br />
Osborne, would have really known what<br />
to do. Labour would almost certainly<br />
have failed due to its unwillingness to<br />
make cuts and had, so goes the Tory<br />
line, already managed to wreck the<br />
economy. <strong>The</strong> Lib Dems were proposing<br />
rabble-rousing reductions in tax which<br />
certainly would not have remotely<br />
helped with the deficit. <strong>The</strong> Liberal-<br />
Tory coalition, however, resulted in,<br />
due to the necessity for stability, a very<br />
satisfying compromise <strong>of</strong> compassionate<br />
quasi-socialist social policies from the<br />
Lib Dems with the Thatcherite legacy<br />
<strong>of</strong> neo-liberal fiscal policies from the<br />
Tories - a match made in heaven for<br />
a failing country. Furthermore, as an<br />
obvious result <strong>of</strong> coalition, the overall<br />
philosophical outlook naturally drifted<br />
towards a centrist position. Fortunately,<br />
in contemporary politics, centrist views<br />
appeal widely and, thanks to Thatcher’s<br />
undeniable success, have adopted<br />
many economically sound principles.<br />
If we had not had this stable centrist<br />
government then it is unlikely we<br />
would be experiencing yearly economic<br />
growth rates <strong>of</strong> 2-3%, a significant<br />
improvement meriting a round <strong>of</strong><br />
applause for Mr. Osborne. <strong>The</strong> coalition’s<br />
stable Thatcherite economic policies,<br />
therefore, saved the UK’s economy.<br />
A further reason for the Government’s<br />
brilliant mediocrity is its innate<br />
conservatism (in the philosophical<br />
sense). Due to its minor legitimacy<br />
crisis, the coalition has been forced<br />
to make only small changes in areas<br />
beyond economic necessity, no radical<br />
changes with unforeseen outcomes<br />
have been enacted. This means that,<br />
considering Brown’s pathetic period as<br />
prime minister, we are still living in a<br />
country that is fundamentally Blairite<br />
in its infrastructure - an infrastructure<br />
which, considering the democratic<br />
reforms <strong>of</strong> rights, the House <strong>of</strong> Lords,<br />
the Judiciary and general transparency,<br />
is rather good.<br />
If anything, not with the intention <strong>of</strong><br />
continuing these democratic reforms,<br />
but with the indirect result <strong>of</strong> it, the<br />
coalition government has improved<br />
the country even more so through the<br />
introduction <strong>of</strong> fixed term parliaments.<br />
This five year period, outlined by the<br />
government in order to set itself a target,<br />
is a great addition to the constitution<br />
which has helped modernise the UK.<br />
Purely by accident, the coalition<br />
government has improved democracy in<br />
the UK.<br />
<strong>The</strong> coalition, despite not being<br />
particularly appealing, exciting or<br />
influential has been - and continues to<br />
be - a stable and suitable answer to the<br />
issues that have faced, and still face,<br />
the UK. I am sure that no voter is truly<br />
yearning for a continuation <strong>of</strong> this safe<br />
and mediocre period <strong>of</strong> politics, but the<br />
coalition really has been the saviour <strong>of</strong><br />
<strong>Britain</strong>. ƒ<br />
5
POLITICS<br />
Is it time to<br />
abandon the<br />
EU?<br />
Tim Foster<br />
<strong>The</strong> question <strong>of</strong> whether<br />
the UK should remain part<br />
<strong>of</strong> the EU has, for better<br />
or worse, dominated UK<br />
politics.<br />
British citizens have increasingly begun<br />
to question whether being members <strong>of</strong><br />
the EU is in the national interest, and if<br />
not, then the second question concerning<br />
leaving the EU naturally follows. In<br />
order to see how central this debate has<br />
become, one need not look further than<br />
the UK’s political party system, which<br />
has changed to such an extent that, in<br />
the words <strong>of</strong> many journalists, ‘three has<br />
become four’. <strong>The</strong> Labour, Conservative<br />
and Liberal Democrat parties are<br />
now seen to have a fourth major rival:<br />
UKIP. This party seeks to represent the<br />
Eurosceptic feelings that many people in<br />
the UK now have, as demonstrated by<br />
the recent European elections, in which<br />
only UKIP can claim to be the winner.<br />
UKIP, alongside many other Eurosceptic<br />
organisations, have advanced various<br />
arguments in favour <strong>of</strong> abandoning the<br />
EU. It is my opinion, however, that these<br />
arguments are fundamentally flawed.<br />
Whilst the EU clearly has its problems<br />
and needs reforming, the UK needs to be<br />
part <strong>of</strong> this process, and<br />
react by expelling most if not all British<br />
citizens back to the UK, causing a<br />
massive influx <strong>of</strong> people coming into our<br />
country (exactly what the Eurosceptic<br />
wants!).<br />
On top <strong>of</strong> this, immigration horror<br />
stories are almost entirely mythological<br />
in nature. For instance, it is a lie<br />
that immigrants are mostly living <strong>of</strong>f<br />
benefits: European immigrants are<br />
half as likely as natives to receive state<br />
benefits or tax credits, according to a<br />
study by academics at UCL.<br />
Other fantasies about EU immigrants<br />
are similarly rebuked by facts: most<br />
are young and skilled. <strong>The</strong>y come here<br />
mainly to work. <strong>The</strong>ir so-called ‘nonactivity’<br />
rate, which covers pensioners,<br />
students and stay-at-home parents<br />
as well as the unemployed, is thirty<br />
percent. <strong>The</strong> rate for the UK population<br />
as a whole is forty-three percent.<br />
Meanwhile, thirty-two percent <strong>of</strong><br />
recent arrivals have university degrees<br />
compared with twenty-one percent <strong>of</strong><br />
the native population. <strong>The</strong> average age<br />
<strong>of</strong> the European immigrant population<br />
in <strong>Britain</strong> was thirty-four in 2011,<br />
compared with forty-one for the native<br />
population. We do not pay much for<br />
the immigrants’ education since most<br />
arrive already educated. As most EU<br />
immigrants are <strong>of</strong> working age, we do<br />
not pay much for their pensions or<br />
healthcare either. Many return home<br />
after a few years. Finally, consider the<br />
cultural impact: immigrants import<br />
different foods, languages beliefs, ideas,<br />
etc., all <strong>of</strong> which are worth celebrating.<br />
<strong>The</strong> more ingredients a stew gets, the<br />
better it tastes. Immigration is and<br />
has always been a powerful tool for the<br />
enrichment <strong>of</strong> mankind.<br />
Ultimately, EU immigrants are largely a<br />
force for good, not evil, and so leaving<br />
the EU because <strong>of</strong> immigration would be<br />
a massive mistake.<br />
In fact, leaving the EU at all would be<br />
a massive mistake. No matter how you<br />
look at it, be it economically, culturally<br />
or internationally, all sides stand to<br />
lose if the UK abandons the EU. <strong>The</strong><br />
arguments put forward by Eurosceptics<br />
are at best mistaken and at worst<br />
purely emotional and without rational<br />
grounding. This is not to say that the EU<br />
does not have problems; it does indeed<br />
have huge ones. <strong>The</strong> solution, however,<br />
is not for the UK to leave a sinking ship,<br />
but to help navigate it towards reform,<br />
and in doing so, help to steer Europe<br />
towards prosperity. ƒ<br />
In support <strong>of</strong> a<br />
spoilt ballot<br />
Will Cowie<br />
2015 dawns fast upon us.<br />
For the majority <strong>of</strong> the team here at the<br />
Ricardian, it is a landmark date – not<br />
just a general election, but the general<br />
election – the first one; the first time<br />
that we have been considered old or<br />
wise enough to vote by the leaders <strong>of</strong> our<br />
country. Finally we have a voice and are<br />
able to enter into that shared right <strong>of</strong><br />
the great civilisations <strong>of</strong> human history<br />
– the right to vote. Like the Athenians<br />
and Romans before us we have a chance<br />
to live “the good life” <strong>of</strong> politics and to<br />
let our voices be heard.<br />
So it may surprise you that, come<br />
Polling Day, with your list <strong>of</strong> party<br />
candidates before you, I suggest that<br />
we spoil our ballots. This may seem<br />
stupid, a waste <strong>of</strong> a useful vote, it may<br />
seem like a refusal to accept society as<br />
it is and instead seek a perfect political<br />
system. Spoiling the ballot may seem<br />
the equivalent to entering that weighty<br />
and historical theatre (the polling box)<br />
and resoundingly, defiantly, raising two<br />
fingers.<br />
I would argue that this is not the case.<br />
It’s not just that as young people we<br />
are utterly unrepresented by political<br />
parties today – and we certainly are as<br />
parties seek out the vote <strong>of</strong> an ageing<br />
population, scared to significantly<br />
raise the retirement age but perfectly<br />
happy to hand out £27,000 <strong>of</strong> crippling<br />
debt upon all young people who seek<br />
higher education. It’s not just the<br />
centralisation <strong>of</strong> political power – as<br />
the safe seat becomes more and more<br />
common in various regions, the leaders<br />
<strong>of</strong> are country are determined by a<br />
shrinking number <strong>of</strong> swing seats, to<br />
the extent that, living in Surrey, the<br />
votes <strong>of</strong> anyone who does not support<br />
the Conservatives are wasted. It’s not<br />
just the corrupt, expense-claiming<br />
politicians who do not care for the<br />
concerns <strong>of</strong> their local constituents but<br />
instead try to climb the ranks <strong>of</strong> power<br />
as suits them. It’s not just the erosion<br />
<strong>of</strong> local politics – with power taken<br />
increasingly away from local authorities<br />
into the hands <strong>of</strong> central government<br />
our say about our local area is removed.<br />
It’s not just the increasing celebrity<br />
culture <strong>of</strong> political leaders – where the<br />
vote <strong>of</strong> the country is based upon not the<br />
policies represented by political parties,<br />
but whether Nigel Farage likes to have a<br />
fag and a pint, or what dress Samantha<br />
Cameron was wearing at the latest social<br />
function. And it’s not just the increasing<br />
impotency <strong>of</strong> our government – held to<br />
ransom by multi-national corporations.<br />
Yes, it’s all that. But most important<br />
is the real erosion <strong>of</strong> the true sense<br />
<strong>of</strong> democracy – the true sense <strong>of</strong> the<br />
Athenian “good life”. We are fast losing<br />
all sense <strong>of</strong> debate in our political<br />
system and this is very worrying. We<br />
see on the one hand apathy (as voter<br />
turnouts fast shrink) and on the other,<br />
blind willingness to follow the ideas <strong>of</strong><br />
a political party – we accept or reject<br />
the ideas <strong>of</strong> the government in power<br />
based not on the merit <strong>of</strong> those ideas<br />
but instead upon whether the party we<br />
like suggested them. Spoiling the ballot<br />
sends a clear message – we want to be<br />
involved in this democratic system but<br />
first there needs to be change. For at the<br />
moment, change does not appear to be<br />
on the horizon. Maybe, this way, we can<br />
alter that. ƒ<br />
<strong>The</strong> problem<br />
with UKIP<br />
Eddie Mitchell<br />
If you have not noticed<br />
the rapid rise <strong>of</strong> UKIP,<br />
you must have been living<br />
under a rock.<br />
To many people, this rise to prominence<br />
came as something <strong>of</strong> a surprise.<br />
Certainly none <strong>of</strong> the main, established,<br />
parties seems to have anticipated it.<br />
Remember that this was the party that<br />
the Prime Minister once described<br />
as “a Bunch <strong>of</strong> Fruitcakes, Loonies<br />
and Closet Racists”. Now the party so<br />
rudely dismissed by David Cameron<br />
has stormed to victory in the recent<br />
European Elections. So how and why has<br />
the rise <strong>of</strong> UKIP been so spectacular?<br />
To answer this question I believe you<br />
have to take account <strong>of</strong> the economic<br />
conditions over the last few years and<br />
the effect <strong>of</strong> austerity measures. Many<br />
people in the UK are feeling the effects<br />
and are disillusioned and angry. Since<br />
the beginning <strong>of</strong> the financial crisis<br />
in 2008, thousands <strong>of</strong> people have<br />
lost their jobs, or have suffered pay<br />
freezes or reductions. At one point, in<br />
2011, nearly 2.7 million people - some<br />
8% <strong>of</strong> the UK’s working population -<br />
were unemployed. <strong>The</strong> cycle <strong>of</strong> ‘Boom<br />
and Bust’, which Gordon Brown so<br />
triumphantly announced had ended in<br />
2008, was clearly still in rude health.<br />
Of course, the recession was not limited<br />
to the UK. It hit most countries and the<br />
cause cannot reasonably be attributed<br />
to the UK politicians. Whatever Gordon<br />
Brown said in 2008, there was probably<br />
little he could have done to prevent the<br />
UKs slide into recession.<br />
Unfortunately, it seems to be human<br />
nature to look for a scapegoat. Most<br />
people want someone or something<br />
tangible to blame for why they aren’t<br />
able to adequately to feed their families.<br />
You don’t have to look too far back in<br />
history to see this effect in action - most<br />
evidently in Germany between the<br />
World wars, when the cruel Versailles<br />
powers and weak Weimar leaders were<br />
deemed responsible for all Germany’s<br />
ills.<br />
With the assistance <strong>of</strong> some <strong>of</strong> the<br />
tabloid Press, UKIP targets a convenient<br />
scapegoat - immigrants - specifically<br />
those from other parts <strong>of</strong> Europe.<br />
Immigrants taking jobs that UKIP<br />
suggest should be given to ‘British<br />
citizens’ is something tangible and<br />
6<br />
7
POLITICS<br />
easily understood. Such rhetoric feeds<br />
the prejudices <strong>of</strong> the desperate and<br />
focuses their anger.<br />
Immigration damaging the economy is<br />
one <strong>of</strong> those convenient lies which seem<br />
almost universally to be accepted, yet<br />
this evidently isn’t true. Far from being<br />
damaging to the economy, immigration<br />
is a solution to many problems that<br />
would face this country if it were<br />
further curtailed. On balance, recent<br />
immigrants make a substantial net<br />
contribution to the wealth <strong>of</strong> the UK and<br />
many take jobs that would be hard to<br />
fill otherwise. <strong>The</strong>se are the conclusions<br />
reached by researchers at UCL in 2013.<br />
“Immigration is a<br />
solution to many<br />
problems that we<br />
shall be facing”<br />
UKIP’s main thrust is, <strong>of</strong> course, to<br />
oppose the UK’s membership <strong>of</strong> the<br />
EU. <strong>The</strong> European Union and its<br />
Members are blamed for holding back<br />
the UK’s prospects and thus causing<br />
hardship. In fact, it’s probably true to<br />
say that the majority <strong>of</strong> the electorate<br />
(myself included) simply does not<br />
have enough information to make any<br />
rational decision on the state <strong>of</strong> <strong>Britain</strong><br />
and the effect <strong>of</strong> its membership <strong>of</strong> the<br />
EU. UKIP is cashing in on that lack <strong>of</strong><br />
understanding.<br />
Another aspect <strong>of</strong> UKIP’s popularity<br />
which cannot be ignored stems from the<br />
personality <strong>of</strong> its leader Nigel Farage,<br />
who is for all intents and purposes, the<br />
face <strong>of</strong> the party. Farage is a man with<br />
whom people feel they can identify<br />
– a rare trait at a time when trust in<br />
politicians is at an all-time low. Personal<br />
charisma is not in itself a bad thing, but<br />
problems can arise when the electorate<br />
trust policies simply because they like<br />
the character <strong>of</strong> the man delivering<br />
them.<br />
Nigel Farage is always keen to show <strong>of</strong>f his alternative approach to politics.<br />
UKIP now has to be seen as a significant<br />
player in the forthcoming general<br />
election next year, but it is hard to see<br />
that they are going to be around for<br />
the long run. <strong>The</strong>ir party is so thin on<br />
policy (aside from the desire for the UK<br />
to be ‘independent’ <strong>of</strong> the EU) and so<br />
dependent on one man - its leader - that<br />
in my opinion, it will soon disappear and<br />
with it the bitter and divisive policies it<br />
espouses.<br />
________________________________<br />
BRITAIN UNDER NIGEL FARAGE<br />
- Immigration would become pointsbased.<br />
Nigel Farage’s favourite country,<br />
Australia, would be the model.<br />
- Question Time and the PMQ’s would<br />
be instantly elevated to absolute hilarity<br />
due to the prescence <strong>of</strong> such characters<br />
as Godfrey Bloom.<br />
- <strong>The</strong> government would be run like the<br />
city - caffiene and cocaine in, women<br />
and poor people out.<br />
2015 Election:<br />
party leader<br />
pr<strong>of</strong>iles<br />
Calvin Ngwena<br />
DAVID CAMERON<br />
<strong>The</strong> Prime Minister. <strong>The</strong> ‘big-cheese’.<br />
Whatever adjective you want to use<br />
there is no denying that Mr Cameron<br />
has dominated the political arena for the<br />
past few years. From his <strong>of</strong>ten criticised<br />
austerity measures to his controversial<br />
attempt to intervene in Syria, he has<br />
been at the centre <strong>of</strong> political agenda.<br />
Some would identify a need to address<br />
the concerning rise <strong>of</strong> UKIP who are<br />
seen to be drawing away traditional<br />
voters from the Tory Party. Maybe this<br />
is why Cameron recently gave a speech<br />
about upholding British values and<br />
possibly the reason behind Education<br />
Secretary Michael Gove’s reform <strong>of</strong> our<br />
educational system to teach our youth<br />
more about the work <strong>of</strong> British men and<br />
women. By prioritising these polices, it<br />
may be seen as a way <strong>of</strong> keeping those<br />
voters who feel that national values are<br />
being lost at the expense <strong>of</strong> a tolerance<br />
<strong>of</strong> a wide range <strong>of</strong> cultures. Only time<br />
will tell whether this potential method<br />
will continue and even reward the party<br />
and Mr Cameron with a majority win in<br />
the next general election.<br />
NICK CLEGG<br />
It seems as if nothing can go right for<br />
the leader <strong>of</strong> the Third Party. Four<br />
years ago people were backing the Lib<br />
Dems, hoping for an alternative to the<br />
manifestos <strong>of</strong> the two main parties. <strong>The</strong><br />
leader <strong>of</strong> the party, however, is perceived<br />
to have no integrity as he backtracked<br />
on his objection to a rise in tuition fees,<br />
a decision which alienated the majority<br />
<strong>of</strong> Lib Dems supporters. That is not to<br />
say Nick Clegg has not tried to improve<br />
our political system. A valiant attempt<br />
to reform the House <strong>of</strong> Lords by making<br />
peers elected and more accountable<br />
was rejected by Tories - a defeat which<br />
caused the Lib Dem leader even more<br />
heartache. Nevertheless, the true low<br />
points came at both the EU debates with<br />
Farage and the lacklustre, uninspiring<br />
performance in the European election<br />
which saw party support fall to record<br />
levels. This accumulatied in the botched<br />
attempt by Lord Oakeshott to dethrone<br />
Clegg as the party leader, making for an<br />
uneasy period. One must wait to see if<br />
better prospects are on the horizon for<br />
the Mr Clegg.<br />
ED MILIBAND<br />
Some could say it has been a rather<br />
passive performance from Mr Miliband<br />
since 2010. With the current Tory party’s<br />
‘Long term economic plan’ coming to<br />
fruition with annual GDP growth for<br />
2014 being forecast at 2.9%, hard times<br />
lie ahead for the Labour Leader who<br />
must convince voters that there is an<br />
alternative option. But is there really?<br />
Reportedly the Shadow Chancellor<br />
Ed Balls even realises that the path <strong>of</strong><br />
austerity is a necessary policy in order<br />
to keep the economy on track, making it<br />
even harder for the party to distinguish<br />
itself from the supposed dark (blue)<br />
side. So what can Mr Miliband do now?<br />
In the fall <strong>of</strong> 2013 it appeared that the<br />
‘Cost <strong>of</strong> Living Crisis’ was going to be<br />
the main driver <strong>of</strong> their new manifesto.<br />
It embodied key principles <strong>of</strong> placing<br />
priority with the vulnerable and forcing<br />
the elite rich to pay back their fair share<br />
to society. Nevertheless reports <strong>of</strong> a ‘cost<br />
<strong>of</strong> living crisis’ have been diminishing<br />
as real wage growth has overtaken CPI<br />
Inflation for the first time since 2008.<br />
<strong>The</strong> Labour Leader needs to find<br />
another manifesto pledge to cling onto<br />
before it’s too late.<br />
NIGEL FARAGE<br />
From left: Ed Miliband, Nick Clegg, David Cameron.<br />
<strong>The</strong> ‘political earthquake’ predicted<br />
by Mr Farage may actually be coming<br />
to fruition. After an impressive display<br />
against Nick Clegg on the debate on<br />
EU membership and a historic win in<br />
the recent European election, it sparks<br />
the possible demise <strong>of</strong> the two- party<br />
dominance which the Conservative<br />
and Labour Party have held for over<br />
100 years. So what’s next for the new<br />
star <strong>of</strong> UK politics? Reports claim that<br />
he is planning to secure up to a dozen<br />
seats in the next general election, a<br />
plan which will unfortunately gain the<br />
party no significant power due to the<br />
harsh reality <strong>of</strong> the First Past the Post<br />
electoral system but will aim to push the<br />
party in the right direction. Although<br />
there have been damaging events which<br />
have threatened to de-rail Mr Farage’s<br />
political ambition including his recent<br />
remarks concerning Romanians, no one<br />
can deny the impact he has made in the<br />
recent months on both voter opinion and<br />
rival party leaders. If nothing else, he’s a<br />
master at pandering to the populist antipolitics<br />
vote. This just might be a string<br />
to his bow. ƒ<br />
8<br />
9
POLITICS<br />
A new direction<br />
for <strong>Britain</strong> or<br />
the same old?<br />
Rupert Fitzsimmons<br />
May 7th 2015 is the date<br />
etched into the minds <strong>of</strong><br />
politicians everywhere,<br />
and ‘change’ is the word on<br />
their lips.<br />
<strong>The</strong> General Election <strong>of</strong> 2015 shall<br />
undoubtedly be an extremely interesting<br />
event in contemporary politics and, as<br />
does virtually every general election,<br />
it shall result in change. However, what<br />
type <strong>of</strong> change and to what extent the<br />
changes are enacted are currently<br />
known only through speculation. One<br />
thing can be said, however: it is unlikely<br />
that the election itself shall bring any<br />
form <strong>of</strong> drastic new direction. <strong>The</strong><br />
current social undercurrents explored<br />
in less conformist media outlets and the<br />
incredible success <strong>of</strong> UKIP in the recent<br />
European Elections could point towards<br />
some serious concerns over immigration<br />
and cultural identity which could result<br />
in a new direction in the general outlook<br />
<strong>of</strong> the nation depending on how the new<br />
government intends to deal with issues<br />
surrounding immigration and cultural<br />
divides. Each party, both internally<br />
and externally, finds it difficult to<br />
come to a definitive set <strong>of</strong> policies over<br />
these potentially controversial, or even<br />
dangerous, topics.<br />
Unfortunately, this means that the<br />
precise lines that each party shall take<br />
in their manifestos are currently still<br />
very hard to meaningfully specify, but<br />
in the potential scenarios outlined<br />
below, an informed proposal for policies<br />
<strong>of</strong> this nature shall be presented along<br />
with its hypothetical outcome.<br />
Labour victory<br />
Miliband’s band <strong>of</strong> merry men<br />
(and women and transgendered and<br />
unspecified gendered individuals - as<br />
every good Labour politician eagerly<br />
points out) are currently leading<br />
the polls (June 2014, with a score<br />
<strong>of</strong> approximately 35%). This is not<br />
an overwhelming majority, but it is<br />
significant enough to suggest that Red<br />
Ed is in with a chance <strong>of</strong> moving house.<br />
One major problem, however, is that Mr<br />
Miliband has yet to produce a coherent<br />
outline <strong>of</strong> his philosophy and his policy<br />
proposals. <strong>The</strong> only thing that we really<br />
know the Labour Party would do if they<br />
succeed in the General Election is swap<br />
sides in the House <strong>of</strong> Commons; that<br />
said, it is possible to predict some vague<br />
outline <strong>of</strong> the future manifesto.<br />
Policy-wise, it is unlikely that there will<br />
be a change. Firstly, Jon Cruddas (head<br />
<strong>of</strong> policy review for the Party) has said<br />
that ‘radical welfare reforms’ are on the<br />
agenda for the Party - unfortunately<br />
Cruddas clearly fails to comprehend<br />
what the word ‘radical’ means. He<br />
states that the Party will increase the<br />
level <strong>of</strong> scrutinising carried out when<br />
determining the payment <strong>of</strong> benefits so<br />
that there will be an even greater focus<br />
on the existing salaries <strong>of</strong> applicants<br />
when calculating the payouts - hardly<br />
a revolutionary approach to welfare.<br />
Second, based on the European Election<br />
pamphlets delivered across the country<br />
by the Party, it would appear that they<br />
will have big focus on the family. This<br />
will mean free childcare and reduced<br />
living costs - living costs being the Party’s<br />
favorite point-scoring attack on the<br />
Coalition Government. On the matter <strong>of</strong><br />
Europe and immigration in general, the<br />
Labour opposition are highly critical<br />
<strong>of</strong> the Conservative Party’s approaches.<br />
Despite this, there are great divides<br />
within the Labour Party - there is<br />
no overall set <strong>of</strong> policies. Hypocrisy<br />
is the Labour Party’s most defining<br />
characteristic. One might speculate,<br />
however, that the Party will ere on the<br />
side <strong>of</strong> caution and state that they will<br />
(without providing any specifics in the<br />
classic politicians’ vernacular) ‘crack<br />
down’ on illegal immigration - with<br />
no reference to legal immigration in<br />
order to avoid conflict. Labour will also<br />
promise to prevent further devolution to<br />
Brussels.<br />
Analysing this loose and hypothetical<br />
manifesto, a Labour Government<br />
following 2015 would be unlikely to<br />
change the direction <strong>of</strong> <strong>Britain</strong> in any<br />
significant manner - realistically it is<br />
unlikely that much would change from the<br />
current approach taken by the Coalition<br />
Government. That said, looking at the<br />
unauthoritative nature <strong>of</strong> the socialist<br />
ideology that the Labour Party claims<br />
to follow, it would potentially result<br />
in a dangerous growth <strong>of</strong> anti-Islamic<br />
beliefs amongst the electorate fueled<br />
by the current terrorist threats being<br />
raised by the aggressive situation <strong>of</strong> the<br />
Middle East and by the way in which<br />
Islamic communities in the UK <strong>of</strong>ten<br />
fail to embrace British culture. With the<br />
addition <strong>of</strong> individual unrepresentative<br />
cases <strong>of</strong> Muslim annexation, such<br />
as the Islamic group <strong>of</strong> schools in<br />
Birmingham, being discussed by the<br />
right-wing tabloids it is possible that<br />
the public opinion <strong>of</strong> those subscribing<br />
to the religion could - as it has across<br />
Europe, especially in France, Greece<br />
and Hungary - become mistrusting and<br />
hostile. This is an issue that could really<br />
plague a Labour government; it would<br />
not be a good change in direction.<br />
Conservative Victory<br />
As is <strong>of</strong>ten the way with being in<br />
government, making the tough decisions<br />
day in day out, the Tories are not doing<br />
too well in the polls. Realistically, unless<br />
both UKIP and Labour make serious<br />
mistakes and Clegg (a good old Tory<br />
boy) remains the leader <strong>of</strong> the Liberal<br />
Democrats it is unlikely - and it pains<br />
me to write this - that the Conservative<br />
Party shall win the election - however,<br />
stranger things have happened in<br />
politics so there is still hope.<br />
Unfortunately, due to the inadequacies<br />
<strong>of</strong> some voters, the Conservative Party<br />
(the oldest and therefore best party in<br />
British politics) have been forced, since<br />
Thatcher’s reign, to bring its policies<br />
towards a more central position - a<br />
position that one might argue is being<br />
represented, aside from the bad policies<br />
such as on higher education costs, by the<br />
current government. As a result <strong>of</strong> this,<br />
if the Tories win the 2015 election then<br />
there will most likely be absolutely no<br />
directional change for <strong>Britain</strong>. We shall<br />
remain a country with a high rate <strong>of</strong><br />
economic recovery and world-renowned<br />
brilliance. If anything, the only change<br />
<strong>of</strong> direction that could be a result <strong>of</strong><br />
Conservative victory would be found<br />
in the outcome <strong>of</strong> the 2017 referendum<br />
on the EU - an event too distant to<br />
meaningfully speculate on.<br />
Regarding the possibility <strong>of</strong> <strong>Britain</strong><br />
becoming a nation <strong>of</strong> hostility - a<br />
potential result <strong>of</strong> a Labour victory<br />
– we need not worry if the Tories win<br />
in 2015. <strong>The</strong> conservative ideology was<br />
born out <strong>of</strong> a dislike <strong>of</strong> the anarchic<br />
developments <strong>of</strong> the French Revolution<br />
and the Party was founded, in part, by<br />
Sir Robert Peel - founder <strong>of</strong> the Police.<br />
It has a strong tradition <strong>of</strong> maintaining<br />
law and order and a good track record<br />
achievement, as demonstrable through<br />
the 15% drop in crime rates since<br />
May 2010. Racists will, therefore, be<br />
dealt with. Further, the Tories are on<br />
the ball over immigration and Europe.<br />
Ultimately, a Conservative victory<br />
would be the best thing for <strong>Britain</strong>, it<br />
would not cause an immediate change<br />
in direction, but the country’s direction<br />
would remain correct.<br />
Liberal Democrat and<br />
Labour Coalition<br />
It is amazing what differences can be put<br />
aside in the harsh light <strong>of</strong> post-election<br />
morning. With Labour currently on<br />
track for failing to achieve a majority<br />
it is possible that they shall need a<br />
boost to legitimise their government.<br />
<strong>The</strong> Lib Dems could, yet again, become<br />
kingmakers. This could be the most<br />
dangerous direction shift for <strong>Britain</strong>,<br />
not only would we see the generally<br />
airy policies <strong>of</strong> Labour but also the<br />
left-wing side <strong>of</strong> the Liberal Democrats<br />
UKIP’s advertising startegies <strong>of</strong>ten cause controversy - and comedy.<br />
come out. Because <strong>of</strong> this, however, less<br />
has to be written on it as the results<br />
would broadly be the same as the<br />
Labour victory. Firstly, and fortunately,<br />
as discussed above, due to the general<br />
centralisation <strong>of</strong> contemporary politics,<br />
again the policies would be unlikely to<br />
change the direction <strong>of</strong> <strong>Britain</strong> much.<br />
Speculation as to what nuanced policies<br />
might result from such an arrangement<br />
really is futile - coalitions are the home<br />
<strong>of</strong> bargaining and bartering, mixing<br />
and matching. All that can be said is<br />
that when red is mixed with yellow<br />
one gets orange. Regarding the social<br />
consequences <strong>of</strong> the outcome, they<br />
would again be potentially dangerous;<br />
the only addition might be that nuclear<br />
disarmament will be on the cards thanks<br />
to the Lib Dems - again, a bad idea that<br />
would certainly result in great protest.<br />
So, a new direction? Possibly. It seems<br />
that we shall either witness the total<br />
collapse <strong>of</strong> British society (a significant<br />
change in direction) or the continuity <strong>of</strong><br />
the current success <strong>of</strong> the Government<br />
which would not being a new direction.<br />
But it would be by far the best option. ƒ<br />
10 11
POLITICS<br />
<strong>The</strong> French<br />
Exodus: A<br />
retrospective<br />
on President<br />
Hollande<br />
Oliver Northover Smith<br />
Confidently denouncing<br />
the claims <strong>of</strong> the French<br />
Ambassador that his nation<br />
was in better shape than<br />
<strong>Britain</strong>, Boris Johnson,<br />
Mayor <strong>of</strong> London, exclaimed<br />
- “Français, Françaises, vous<br />
êtes bienvenus à Londres.<br />
Vouz avez voté avec vos<br />
pieds.”<br />
<strong>The</strong> French, voting with their feet,<br />
had abandoned France in favour <strong>of</strong><br />
the British capital in their thousands.<br />
According to Mr Johnson, such an<br />
exodus was a vindication <strong>of</strong> his party’s<br />
pro-business agenda, thus condemning<br />
Francois Hollande’s Socialist Party.<br />
<strong>The</strong> first few months <strong>of</strong> 2014 have indeed<br />
brought little good news to France. <strong>The</strong><br />
IMF have warned the French that the<br />
size <strong>of</strong> their public sector was a danger<br />
to growth. <strong>The</strong> far-right Front National<br />
came in first place during France’s Euro<br />
election, a sign <strong>of</strong> growing discontent<br />
with the mainstream UMP and Parti<br />
Socialiste. France’s Prime Minister Jean-<br />
Marc Ayrault was congedié in favour <strong>of</strong><br />
the more popular Manuel Valls – who has<br />
gone on to anger the die-hard socialists<br />
in his party and has been named a<br />
traitor to socialist values. All the while,<br />
Mr Hollande has been relegated to the<br />
back seat – the latest opinion polls<br />
have his approval at a dismal 18%. <strong>The</strong><br />
‘ordinary bloke,’ who in 2012 pledged<br />
great things to les enfants de la patrie,<br />
seems to have monumentally failed.<br />
CityAM this January branded France<br />
a “socialist failure.” How far is this the<br />
case?<br />
Mr Hollande’s 2012 agenda was a<br />
mixture <strong>of</strong> populist taxation policies<br />
targeting the ultra-rich – his 75% rate<br />
on those earning over 1,000,000€<br />
ignited international media frenzy, with<br />
Gerard Depardieu’s departure welldocumented<br />
– and populist spending<br />
policies, reducing retirement ages across<br />
the board. When commentators like<br />
London’s Boris Johnson witness the<br />
migration <strong>of</strong> the French from France<br />
it is these policies they cite as the<br />
cause. “Hard-working Frenchmen,” the<br />
argument goes, “are no longer being<br />
rewarded for their efforts.” Indeed it<br />
is not difficult to understand why –<br />
French public debt and government<br />
expenditure as a percentage <strong>of</strong> GDP are<br />
at worrying levels. However, there is a<br />
sense that much <strong>of</strong> this is structural. Is<br />
this Mr Hollande’s fault?<br />
Francois Hollande<br />
In 2008, as la crise loomed, French<br />
government expenditure as a percentage<br />
<strong>of</strong> GDP stood at an eye-watering 61.1%<br />
<strong>of</strong> GDP, at that time among the highest<br />
in the world. All this was going on<br />
four years before the accession <strong>of</strong> Mr<br />
Hollande. Reporting on France’s public<br />
finances, <strong>The</strong> Economist amusingly<br />
quipped that “the French and their<br />
benefits are like the Americans and<br />
their guns.” Despite the obvious flaws in<br />
France’s long-established statist agenda,<br />
you just cannot separate the French from<br />
their allocations. In some senses then the<br />
situation in France is understandable.<br />
<strong>The</strong> aftermath <strong>of</strong> 2008 saw a swing right<br />
in European politics – Mr Hollande has<br />
merely realigned the French people with<br />
their ideological position. This ideology<br />
is obviously unsustainable and shows<br />
signs <strong>of</strong> breaking down, but the French<br />
will cling to it until it is completely<br />
defeated.<br />
Across Europe, especially in what<br />
is now known as the periphery, the<br />
2014 European Elections have seen<br />
a backlash against austerity. <strong>The</strong><br />
continental psyche is inexorably linked<br />
with government spending in all sectors.<br />
This will eventually need to come to an<br />
end. <strong>Britain</strong>’s fortunes were turned on<br />
their head when Mrs Thatcher took a<br />
hatchet to the establishment, challenged<br />
unquestioned norms. Above all, France<br />
needs une dame de fer <strong>of</strong> her own, or<br />
the flight <strong>of</strong> talent, investment and<br />
prestige from the hexagon will continue.<br />
Her schools, Universities and museums<br />
show clearly the potential France holds<br />
– they are among the best in Europe –<br />
but without a sharp change in Policy<br />
away from Mr Hollande’s initial dose<br />
<strong>of</strong> Socialism France will be consigned<br />
to the history books. Mr Valls’s “Plan<br />
Économique” appears to recognise the<br />
need for such a change. It is high time<br />
that the Socialist Party, and the rest <strong>of</strong><br />
France, recognise it too. ƒ<br />
Where do we go<br />
from here?<br />
Oliver Northover Smith<br />
Reading magazines as a<br />
child, the schoolboys <strong>of</strong> the<br />
19th century would imagine<br />
the farthest corners <strong>of</strong> the<br />
British Empire and envision<br />
adventures and excitement.<br />
Often, this would become a reality<br />
– the Indian Civil Service’s top level<br />
consisted almost entirely <strong>of</strong> Oxford and<br />
Cambridge graduates. <strong>The</strong>n was a time<br />
in which <strong>Britain</strong> knew her role and the<br />
world looked up to her. <strong>Britain</strong> was the<br />
world’s largest trader, largest empire,<br />
largest economy and largest navy in<br />
1880.<br />
Fast forward to 2014. Though in the<br />
post-Thatcher era we have somewhat<br />
reversed the terminal decline <strong>of</strong> our<br />
nation, with Tony Blair confidently<br />
siding with the US over the War On<br />
Terror, <strong>Britain</strong> still feels unable to find<br />
her role in the new world. With huge<br />
choices facing her – on Scotland and<br />
especially on the European Union, the<br />
years to 2018 could be pivotal for the<br />
future <strong>of</strong> this country.<br />
<strong>The</strong> European Union is in many was the<br />
antithesis <strong>of</strong> British values and British<br />
democracy. <strong>The</strong> Commission, the single<br />
most powerful body in European<br />
politics, consists <strong>of</strong> men whose names<br />
most Britons have never heard. In the<br />
European parliament, around two thirds<br />
<strong>of</strong> Britons couldn’t even be bothered<br />
to get out <strong>of</strong> bed. And yet this body is<br />
responsible for a substantial amount<br />
<strong>of</strong> British law, if not a majority. <strong>The</strong><br />
British, a people <strong>of</strong> proud heritage and<br />
a 1,000 year democracy, are proud <strong>of</strong><br />
their traditions and national identity –<br />
this is in stark contrast to the Germans,<br />
who would altogether rather the last<br />
century didn’t happen.<br />
<strong>The</strong> monetary union, headed by<br />
Frankfurt, has led the Eurozone’s<br />
peripheral nations to become quasislaves<br />
<strong>of</strong> the infinitely more productive<br />
north. With the option <strong>of</strong> devaluation<br />
<strong>of</strong>f the cards, the likes <strong>of</strong> Greece have<br />
had a very tough time. As Nigel Farage<br />
comically commented, the “Germans<br />
and the IMF” fly into Athens to dictate<br />
domestic policy for the Greeks. <strong>The</strong><br />
idea that this could happen to <strong>Britain</strong><br />
is unthinkable – our national democracy<br />
supersedes any technocrats the EU can<br />
throw at us. More worrying is that<br />
without effective redistribution <strong>of</strong><br />
wealth from core to periphery, the idea<br />
<strong>of</strong> a federal Europe with a fiscal union<br />
appears almost inevitable. I am adamant<br />
that this should not happen to <strong>Britain</strong> –<br />
we have but one thing to thank Gordon<br />
Brown for, and that’s the maintenance<br />
<strong>of</strong> the pound sterling.<br />
However, in the short run, I favour Ed<br />
Miliband’s strategy over that <strong>of</strong> UKIP<br />
or the Conservatives. <strong>The</strong> immediate<br />
benefit <strong>of</strong> being in the Union for trading<br />
purposes, while having control over EU<br />
laws, seems to overshadow the shortterm<br />
consequences. If a federalised<br />
structure does turn out to be the<br />
outcome, on the other hand, <strong>Britain</strong><br />
must vote to leave the European Union –<br />
the nation state is not dead yet. Britons<br />
feel British, not European. <strong>The</strong> Labour<br />
party therefore, for once, has the right<br />
idea. I feel the nation would be too<br />
hasty to leave the Union which would<br />
leave ineffaceable scars on our foreign<br />
policy. Hence if any new treaty changes<br />
were to be made which fundamentally<br />
alter our relationship with the EU, we<br />
must leave. A strong <strong>Britain</strong> can and<br />
will exist outside the EU – the future <strong>of</strong><br />
<strong>Britain</strong> lies in ever closer ties with the<br />
United States and the Commonwealth<br />
– countries with which we have much<br />
closer cultural homogeneity.<br />
<strong>The</strong> second great challenge in 2014<br />
is Scotland, whose independence<br />
vote takes place this September. <strong>The</strong><br />
Scottish, too have a strong sense <strong>of</strong><br />
national identity, which links back to<br />
the Gaelic language and culture. Many<br />
Scots, like Trainspotting’s lead, played<br />
by Euan McGregor, see the English as<br />
an imperial overseer <strong>of</strong> the land <strong>of</strong> the<br />
Scots. However, the Economic benefits<br />
<strong>of</strong> staying together with Scotland make<br />
the case for independence fall apart. As<br />
the ”Better Together” union <strong>of</strong> <strong>Britain</strong>’s<br />
three main political parties keep telling<br />
us, Scotland does more trade with<br />
the rest <strong>of</strong> <strong>Britain</strong> than it does with<br />
anywhere else in the world. <strong>The</strong> history<br />
<strong>of</strong> the nations, together, has been one <strong>of</strong><br />
the most spectacular on earth, building<br />
railroads that crossed the country and<br />
telegraph wires that stretched under the<br />
world’s seas. Scots were prominent in the<br />
expansion <strong>of</strong> <strong>Britain</strong> – James Watt being<br />
a clear example <strong>of</strong> a Scot who punched<br />
far above his weight. Was is important<br />
here is that <strong>Britain</strong> together has more<br />
influence, a stronger economy, and is<br />
better equipped to wear the future’s<br />
waves. Indeed, even the US President<br />
Barack Obama spoke out in favour<br />
<strong>of</strong> a United Kingdom. <strong>The</strong> Glorious<br />
Revolution <strong>of</strong> 1688 changed the history<br />
<strong>of</strong> <strong>Britain</strong> forever, and allowed Dutch<br />
institutions in finance and business<br />
to spread to <strong>Britain</strong>. In 1707 those<br />
innovations were extended to Scotland<br />
and over the following two centuries<br />
the British did astonishing things. If we<br />
keep together for another two hundred,<br />
we can accomplish even more.<br />
<strong>The</strong> road for <strong>Britain</strong> was caricatured<br />
by <strong>The</strong> Economist newspaper as a<br />
simple choice between “Great <strong>Britain</strong>”<br />
and “Little England.” I don’t see it as<br />
so simple – the newspaper argued that<br />
<strong>Britain</strong> within the European Union gave<br />
it more influence than it has outside<br />
<strong>of</strong> it. This may be true for the short<br />
run – Europe’s pitifully stagnating<br />
economy will be overtaken by that<br />
<strong>of</strong> the United States this year and by<br />
China within two or three. <strong>The</strong> Old<br />
World is slowly fading away, bogged<br />
down by Socialism, demographic decline<br />
and serious problems assimilating new<br />
ethnic groups. <strong>Britain</strong> would be taking a<br />
bold step leaving Europe, but the world<br />
Great <strong>Britain</strong> or Little England?<br />
12<br />
13
POLITICS<br />
has so much more to <strong>of</strong>fer in the years<br />
to come. Oxford, Cambridge, UCL and<br />
the London School <strong>of</strong> Economics are<br />
world-renowned names and have come to<br />
endow <strong>Britain</strong> with a very high level <strong>of</strong><br />
human capital. Lawrence Summers, the<br />
former Chariman <strong>of</strong> the Federal Reserve,<br />
has argued that the real equilibrium<br />
interest rate is under 0% - there is a<br />
savings glut and nowhere to invest.<br />
We need to make <strong>Britain</strong> a hub for all<br />
the real loanable funds being churned<br />
out by East Asian savers. <strong>Britain</strong> is<br />
unquestionably the most accepting<br />
and most tolerant society in the world.<br />
Our immigrants are better assimilated<br />
than those anywhere else in Europe,<br />
even in the world. We need to continue<br />
to do this – a points based system to<br />
attract the world’s best and brightest<br />
to come to <strong>Britain</strong> would do well to<br />
replace the unrestricted movement <strong>of</strong><br />
peoples in Europe. This would provide<br />
fuel for the fire <strong>of</strong> British productivity,<br />
which has long lagged other Western<br />
European nations and the United States.<br />
Moreover, this would go a long way to<br />
paying for the vast unfunded liabilities<br />
promised to the old and the sick by the<br />
government. <strong>The</strong> answer, in a sentence,<br />
is that <strong>Britain</strong> needs to be more open,<br />
and realise that there’s a world out there<br />
beyond Europe.<br />
“British productivity...<br />
lagged other countries<br />
reigns supreme. <strong>The</strong>se strengths will be<br />
the future <strong>of</strong> <strong>Britain</strong>, as she carves out a<br />
place for herself in the world. ƒ<br />
<strong>The</strong> End <strong>of</strong> Two-<br />
Party Politics?<br />
Charlie Dransfield<br />
If you consider the past,<br />
from 1945 to 2010 the<br />
government was either<br />
Labour or Conservative.<br />
This portrays the country as a two-party<br />
system and therefore even the slightest<br />
change to the political precedent would<br />
appear to show a decline <strong>of</strong> two-party<br />
politics. For example it would be very<br />
easy to argue that, whilst in a coalition,<br />
the Liberal Democrats had achieved<br />
power and therefore stated the claim to<br />
be a major party. But, it isn’t as simple<br />
as that.<br />
In the modern world we have learnt to<br />
be more accepting and open minded in<br />
terms <strong>of</strong> all manner <strong>of</strong> things ranging<br />
from race to political inclination. This<br />
has meant there has been an increase<br />
in choice provided and consequentially<br />
a wider spread <strong>of</strong> power. In the last<br />
general election the Green Party won<br />
their first ever seat. Whist arguably<br />
this is merely a speck on the political<br />
canvas, in the past this would have been<br />
unthinkable. <strong>The</strong>re are many other<br />
smaller parties, which whilst they may<br />
not have achieved any success show the<br />
accessibility <strong>of</strong> politics to everyone. One<br />
party in particular has been making<br />
headlines recently and that is UKIP,<br />
after their recent success in Europe<br />
they hope to carry the momentum<br />
forward to the looming general election.<br />
On the surface at least, it appears that<br />
UKIP’s progression shows how twoparty<br />
politics is becoming a thing <strong>of</strong> the<br />
past. In reality, however, the victory is<br />
virtually meaningless. <strong>The</strong>re are very<br />
few actual advocates for UKIP with<br />
many people simply using them as a<br />
vehicle to highlight their dissatisfaction<br />
with the current government and the<br />
labour alternative presented. <strong>The</strong>se<br />
protest voters are very unlikely to<br />
remain loyal to UKIP in the general<br />
election as it carries more significance<br />
than the European vote in the eyes <strong>of</strong><br />
the majority <strong>of</strong> the electorate. <strong>The</strong>refore<br />
despite their progress UKIP are very<br />
unlikely to challenge any <strong>of</strong> the larger<br />
parties in a significant way.<br />
One <strong>of</strong> the things which is allowing<br />
the larger parties to remain large is<br />
the current electoral system. First Past<br />
the Post is a plurality system, which<br />
inherently favours the larger parties. For<br />
a minor party with the archaic system<br />
in place currently it will remain very<br />
hard for them to expand and challenge<br />
for power. <strong>The</strong>re has been much debate<br />
over whether or not electoral reform<br />
should happen but it is up to the party<br />
in government, which holds power to<br />
organise the referendum.<br />
<strong>The</strong>re is a huge flaw in this principle<br />
because the party in power is the largest<br />
party, which is favoured by it.<br />
]<br />
<strong>The</strong>refore the government would be very<br />
unlikely to implement a referendum that<br />
could be potentially weakening to it.<br />
<strong>The</strong> Liberal Democrats tried to stage a<br />
referendum but it was not the referendum<br />
that they actually wanted, it was for the<br />
Alternative Vote system. <strong>The</strong> result was<br />
a resounding no and it therefore remains<br />
harder than ever for the smaller parties<br />
to have an impact in national politics.<br />
<strong>The</strong>re have been some fundamental<br />
events in UK politics that could show an<br />
exponential decrease in the traditional<br />
concept <strong>of</strong> two- party politics. We have<br />
seen a coalition last its full term for the<br />
first time since the Second World War<br />
and we have also seen a proletariat that<br />
are willing to show their dissatisfaction<br />
towards the main parties. With an everapproaching<br />
general election it will be<br />
very interesting to see whether voters<br />
return to the more mainstream options<br />
after the protest vote that bolstered<br />
UKIP or whether they will continue to<br />
show support for the growing smaller<br />
parties. <strong>The</strong> Liberal Democrats will also<br />
hope to make a recovery and challenge<br />
for power. ƒ<br />
A problem at<br />
the heart <strong>of</strong><br />
the American<br />
Political<br />
System?<br />
Calvin Ngwena<br />
employees who underwent temporary<br />
leave due to the gridlock between the<br />
White House and Congress. To people<br />
not residing in the United States this<br />
would be the biggest error in the system.<br />
<strong>The</strong> separation <strong>of</strong> powers which aimed to<br />
promote liberty and dispersal <strong>of</strong> power<br />
had created a situation where little to<br />
no significant laws could be passed by<br />
Congress. Those from the UK who praise<br />
our fused executive and legislature<br />
branches are dumbfounded at how<br />
hard it is to push through presidential<br />
proposals for legislation in the US due<br />
to the many procedures and loop holes<br />
which exist in the legislative workings<br />
<strong>of</strong> Congress.<br />
However the fundamental mistake<br />
here is that many <strong>of</strong> us, when judging<br />
the American political system, fail<br />
to perceive it through the eyes <strong>of</strong><br />
the American people. During the<br />
Constitutional Convention in May 1787<br />
the Founding Fathers’ goal was to stop<br />
power from drifting into the hands <strong>of</strong> one<br />
person, similar to rule from the British<br />
king before the War <strong>of</strong> Independence.<br />
This has led to the supported notion that<br />
federal government should not have the<br />
right to interfere in the day to day lives<br />
<strong>of</strong> citizens. To most American citizens<br />
the prospect <strong>of</strong> federal government<br />
having the power to interfere in their<br />
lives when some citizens live 3000 miles<br />
away from Washington is comparable<br />
to the distant rule <strong>of</strong> a tyrant king in<br />
<strong>Britain</strong>.<br />
So what other significant problems can<br />
there be? To some, the biggest issue is<br />
the excessive influence the Judiciary<br />
holds over government legislation.<br />
Ignoring the fact that members <strong>of</strong> the<br />
federal judicial system are nominated<br />
by the President…, the main criticism<br />
is the loss <strong>of</strong> true neutrality as various<br />
political ideologies have crept into the<br />
Supreme Court. Currently there is the<br />
serious issue <strong>of</strong> ideological blocs forming<br />
within the highest court <strong>of</strong> appeal: one<br />
originalist conservative bloc which aims<br />
to treat the constitution arguably as a<br />
sacred text and the other liberal bloc<br />
who promote forms <strong>of</strong> judicial activism<br />
to enhance the freedom <strong>of</strong> citizens.<br />
This has led to one Supreme Court<br />
judge, Justice Kennedy being termed<br />
as the swing vote as he tends to vote<br />
on either side depending on the issue.<br />
This is alarming for Americans as once<br />
again this has put too much power into<br />
the hands <strong>of</strong> one individual, albeit<br />
unintentionally.<br />
Other Americans point to the inability<br />
<strong>of</strong> the federal government to address the<br />
inequality which African Americans<br />
face today due to past discrimination<br />
as the most pressing issue. This is not<br />
<strong>Britain</strong>’s strengths outweigh her<br />
weaknesses. Though the public tires<br />
<strong>of</strong> foreign intervention, <strong>Britain</strong> has a<br />
distinctive place in the world in her own<br />
right. <strong>The</strong> British need to find the sense<br />
<strong>of</strong> confidence they lost after the Second<br />
World War. We can bestride the world<br />
again, but in new ways.<br />
British media has recognition around<br />
the world, while in luxury cars <strong>Britain</strong><br />
Congress has failed to meet<br />
its responsibility to pass<br />
a budget before the fiscal<br />
year that begins today. And<br />
that means much <strong>of</strong> our<br />
government must shutdown<br />
effectively.’<br />
<strong>The</strong>se were the words written by<br />
President Obama to millions <strong>of</strong> federal<br />
14 15
POLITICS<br />
to say there have not been attempts<br />
to fix the wrongs done through past<br />
enslavement. During the Reconstruction<br />
after the civil war, federal government<br />
tried to implement a number <strong>of</strong> policies<br />
to increase the rights <strong>of</strong> former slaves,<br />
such as extending the Thirteenth<br />
Amendment to African Americans<br />
and implementing affirmative action<br />
under President Johnson in the 1960s.<br />
<strong>The</strong>se were however ferociously blocked<br />
through state government actions<br />
including Jim Crow policies which were<br />
utilised by the Southern States in order<br />
to maintain the idea <strong>of</strong> white supremacy.<br />
In some people’s view this has caused<br />
there still to be severe differences in<br />
opportunity between African Americans<br />
and White Americans, characterised by<br />
a staggering 31% <strong>of</strong> African Americans<br />
living in poverty, compared with only<br />
11% <strong>of</strong> White Americans.<br />
Nevertheless these are only two specific<br />
problems. I have not mentioned the<br />
problem <strong>of</strong> pressure groups’ activity<br />
being possibly elitist, the troubling<br />
levels <strong>of</strong> finance which fund election<br />
campaigns or even the nature for<br />
Presidents in times <strong>of</strong> crisis to extend<br />
their powers and act against the laws<br />
<strong>of</strong> the constitution. President Roosevelt<br />
imprisoning Japanese American<br />
citizens during the Second World War<br />
due to ‘military necessity’ showed<br />
how Presidents have the ability to<br />
questionably suspend citizens’ rights at<br />
their own will.<br />
Maybe nothing can be done. Maybe the<br />
system <strong>of</strong> the supposed superpower <strong>of</strong><br />
the world is broken beyond repair. But<br />
I hope that through reading this, you<br />
will now look not only at the failings<br />
<strong>of</strong> Congress but every other element<br />
<strong>of</strong> US system to judge its effectiveness.<br />
Since the end <strong>of</strong> the Cold War countries<br />
around the world have looked to mimic<br />
the US system. Perhaps it’s not that great<br />
after all. Fair and reasoned appraisal <strong>of</strong><br />
its effectiveness is what is desperately<br />
needed. ƒ<br />
A Distinctly<br />
Scottish Choice<br />
Charlie Dransfield<br />
Thursday 18th <strong>of</strong><br />
September 2014 is a date<br />
that will remain in the<br />
memory <strong>of</strong> the Scottish<br />
people for decades to follow.<br />
It symbolises a chance for independence,<br />
which they haven’t had for centuries.<br />
This Referendum will greatly affect<br />
the average Scotsman in everyday life<br />
no matter what the outcome <strong>of</strong> the<br />
referendum turns out to be. According<br />
to the SNP, on a purely superficial level<br />
an independent Scotland would result in<br />
about an extra £1350 for the Scottish<br />
citizens to spend annually due to the<br />
reduced taxes. This statistic is the sort<br />
<strong>of</strong> thing that, put on the front page <strong>of</strong><br />
a local newspaper, may cause people to<br />
vote yes.<br />
This attraction isn’t the only positive<br />
change that independence would bring.<br />
For example, the idea that Scotland gets<br />
the power to control Scotland’s future.<br />
<strong>The</strong> idea that Scotland is controlled<br />
by legislature decided in Westminster<br />
approximately 360 miles away is one<br />
that doesn’t sit comfortably with its<br />
people.<br />
Scotland is also aggrieved by having<br />
to accept policies because, as seen<br />
with the current government, they<br />
are <strong>of</strong>ten policies created by a party<br />
largely rejected by the Scottish people.<br />
For example, in 2010 Labour achieved<br />
forty-two percent <strong>of</strong> the votes in<br />
Scotland, which was more than any<br />
other party, but the country had no<br />
choice but to accept a Conservative-led<br />
government. By becoming independent,<br />
Scotland will be able to take control <strong>of</strong><br />
all manner <strong>of</strong> things, ranging from fiscal<br />
policy right through the plans towards<br />
global warming. <strong>The</strong> fact that the<br />
Scottish people would be able to control<br />
the Scottish future more coherently is a<br />
vote winning idea.<br />
It wouldn’t all be positive if Scotland<br />
chose independence, however. Many<br />
people predict that it will have a severe<br />
impact on trade and therefore the<br />
economy. <strong>The</strong> rest <strong>of</strong> the UK provides<br />
seventy percent <strong>of</strong> Scotland’s trade and<br />
this huge proportion is quite likely to be<br />
reduced as the possibility <strong>of</strong> separation<br />
could lead to hostility between<br />
businesses.<br />
<strong>The</strong> Scottish National Party have<br />
realised the risk they are running<br />
however and therefore are planning on<br />
keeping the pound. Alex Sammond and<br />
his supporters have fought long and<br />
hard to make the idea <strong>of</strong> Independence<br />
not only popular but also politically and<br />
financially viable, although the idea <strong>of</strong><br />
keeping the pound greatly undermines<br />
this.<br />
Arguably, a sterling currency union<br />
would be a way to preserve the trade<br />
relations Scotland so heavily relies on,<br />
because there will be no need for costly<br />
currency conversion. No matter what<br />
the outcome <strong>of</strong> the referendum there are<br />
going to be changes.<br />
To simplify such a monumental decision<br />
into a ‘YES’ or a ‘NO’ is practical but<br />
flawed Sadly, that isn’t going to stop Mr<br />
Salmond and the upcoming events this<br />
September from taking place. We shall<br />
just have to see how they end up turning<br />
out, for at this late stage in the day<br />
there’s little we can do about it. ƒ<br />
Scottish<br />
Referendum: the<br />
International<br />
implications<br />
Jonathan French & Will<br />
Cowie<br />
<strong>The</strong> moment will come<br />
when we find out whether<br />
the nationalist ramblings<br />
<strong>of</strong> Alex Salmond have<br />
convinced the Scots.<br />
This has the obvious repercussions<br />
<strong>of</strong> deciding the future <strong>of</strong> the United<br />
Kingdom. However, there will also be<br />
effects beyond our shores which many<br />
people seem to have ignored.<br />
Scotland is not the only region where<br />
potential independence is something<br />
<strong>of</strong> a talking point. Other regions such<br />
as Catalonia in Spain and the Basque<br />
Country in the Western Pyrenees are<br />
also clamouring for independence<br />
and we haven’t even mentioned the<br />
independence issue in the Crimea.<br />
Nationalist tendencies in these regions<br />
and the belief that the inhabitants<br />
<strong>of</strong> these areas have a right to selfdetermination<br />
has resulted in cries<br />
for referendums along the lines <strong>of</strong> the<br />
impending Scottish Referendum. What<br />
people in the UK have not quite grasped<br />
is that these regions are waiting with<br />
bated breath for the outcome <strong>of</strong> the<br />
Scottish Referendum.<br />
If voters vote “Yes” in September then<br />
they will be choosing to break the Acts<br />
<strong>of</strong> Union passed in 1706 and 1707. <strong>The</strong><br />
Union <strong>of</strong> the Kingdom is like a really<br />
old marriage. Imagine a couple that<br />
got married in their early twenties and<br />
have now been married for what seems<br />
like an age. <strong>The</strong>y’ve been through their<br />
highs and lows but have a long and stable<br />
relationship which is the envy <strong>of</strong> many<br />
other, now divorced couples like Sudan<br />
and the former Soviet Union. Gorbachev<br />
looks at the UK and sees all that could<br />
have been.<br />
Now this couple are having a slight tiff:<br />
maybe Scotland thinks that England<br />
is taking up too much <strong>of</strong> the bed or<br />
maybe it was the way England “said”<br />
something. Or maybe Scotland’s just<br />
Alex Salmond’s SNP is causing unrest at the heart <strong>of</strong> Westminster.<br />
jealous <strong>of</strong> the way Dave and Barack<br />
were looking at each other. But to take<br />
the advantage <strong>of</strong> easy divorce laws (aka.<br />
a referendum) would be the easy way<br />
out. Think <strong>of</strong> the children and their<br />
classmates who look and laugh at their<br />
parents. Angela and François are finding<br />
this just too funny. Meanwhile, gossip is<br />
spreading like wildfire among the other<br />
married couples. <strong>The</strong>y think divorce<br />
might be the way for them too. After all,<br />
if the Act <strong>of</strong> Union is broken up, what<br />
hope is there?<br />
This is somewhat similar to the situation<br />
in Europe. <strong>The</strong> other parents, Catalonia<br />
and the Basque Country, are starting to<br />
press for their own divorces. <strong>The</strong> lawyers<br />
are hired and the legal proceedings are<br />
about to start. <strong>The</strong> Scottish Referendum<br />
is the first <strong>of</strong> a series <strong>of</strong> dominoes placed<br />
around Europe. If the first domino falls,<br />
it could trigger the collapse <strong>of</strong> many<br />
countries throughout Europe and an<br />
uprising <strong>of</strong> new independent nation<br />
states. What might be next, the Republic<br />
<strong>of</strong> Cornwall?<br />
<strong>The</strong>re are regions demanding selfindependence<br />
that will be eagerly<br />
awaiting the outcome <strong>of</strong> the Scottish<br />
Referendum. It will have effects that<br />
reach far beyond our own shores. ƒ<br />
16<br />
17
POLITICS: FEATURE<br />
<strong>The</strong> Ricardian interviews Chris Grayling MP<br />
Lewis Bizaoui, Felix Clarke and Oliver Northover Smith met Mr Grayling; Oliver writes:<br />
<strong>The</strong> Ashtead Conservative<br />
Party <strong>of</strong>fice, tucked in the<br />
back <strong>of</strong> the high street<br />
Conservative Club, is not a<br />
glamourous place.<br />
A pre-fabricated, rather dilapidated<br />
building, this place is where Chris<br />
Grayling spends much <strong>of</strong> his time.<br />
It is clear that Mr Grayling much<br />
prefers his constituency to the bustle<br />
<strong>of</strong> London. Sitting down at half past<br />
eleven, Mr Grayling had obviously been<br />
working for a few hours. Indeed the<br />
brevity <strong>of</strong> our encounter reflected upon<br />
his saturated schedule (so much for<br />
politicians being lazy!) We spoke to the<br />
Justice Secretary across a put-up table<br />
in the Conservative Club’s hall. Indeed,<br />
the photographs <strong>of</strong> Mrs Thatcher on the<br />
Chris Grayling, MP.<br />
walls illustrated the love for hard work<br />
and individualism so prevalent in this<br />
leafy, Home Counties retreat.<br />
We began the encounter on Justice –<br />
Mr Grayling’s schedule and his plans<br />
for <strong>Britain</strong>’s Justice system. <strong>The</strong> ring<br />
running through his reforms was clear<br />
– we need to do more for less. Indeed<br />
by extrapolation this has been the<br />
single most prominent theme behind<br />
this cabinet’s reforms. <strong>The</strong>re was a<br />
caveat however – we cannot, Mr Grayling<br />
asserted, stop the courts from sending<br />
an <strong>of</strong>fender to prison. <strong>The</strong> key to saving<br />
money in the justice system, he said, was<br />
not through keeping dangerous people<br />
out, but “stopping them from coming<br />
back.” Successive governments have<br />
tried to tackle <strong>Britain</strong>’s embarrassing<br />
rate <strong>of</strong> re<strong>of</strong>fending, and little has been<br />
done in the past to keep the percentage<br />
down –two thirds <strong>of</strong> people who get short<br />
sentences go on to re<strong>of</strong>fend. It must be<br />
said that this has been taking place<br />
among a broader fall in crime, but the<br />
problem persists.<br />
<strong>The</strong> big problem, Mr Grayling told us,<br />
was that those who were in prison for<br />
less than 12 months “got no support<br />
or supervision whatever when they got<br />
out.” Hence the Justice Department is<br />
“changing the way the probation system<br />
works.”<br />
Grayling’s answer is a three-pronged<br />
attack. Bringing out the best <strong>of</strong> the<br />
“public, private and voluntary sectors”<br />
would tackle the problem, Mr Grayling<br />
said. <strong>The</strong> young men from poor<br />
backgrounds, who make up the majority<br />
<strong>of</strong> the prison population, “find it<br />
difficult to get their lives back together<br />
afterwards.” Mentoring, Mr Grayling<br />
said, was the answer, rather than mere<br />
“supervision.”<br />
Switching swiftly to the issue <strong>of</strong> legal<br />
aid, Mr Grayling was confronted with<br />
the question – should we ring-fence legal<br />
aid? In the criminal sphere, Mr Grayling<br />
agreed we should. When a “matter <strong>of</strong><br />
liberty,” one must always be defended<br />
in court, Mr Grayling explained. <strong>The</strong><br />
matter becomes “more difficult” on the<br />
civil side. Does it? Should a married<br />
woman with an abusive husband be<br />
denied legal aid for court appearances?<br />
Regardless, Mr Grayling asserted that<br />
this branch <strong>of</strong> the law was where cuts to<br />
legal aid were necessary. Despite all that,<br />
we spend “twice as much per head” as<br />
other common law jurisdictions on legal<br />
aid. It seems crazy to think so when the<br />
UK faces a much higher burden <strong>of</strong> crime<br />
than Canada, New Zealand or Australia.<br />
<strong>The</strong> cuts are “difficult but necessary,”<br />
and have been mostly “on the civil side.”<br />
What about the government as a whole?<br />
<strong>The</strong> Cameron cabinet has pushed<br />
through a plethora <strong>of</strong> unpopular budget<br />
cuts, but we still have a deficit equal to<br />
5.4% <strong>of</strong> GDP each year. How do we get<br />
from there to the “sustainable position”<br />
Mr Grayling hankers after? In a standard<br />
party-line response about balancing the<br />
budget, Mr Grayling underlined the fact<br />
that it would be us that would inherit<br />
the debt accumulated by government.<br />
He, like most <strong>of</strong> the cabinet, suggested<br />
the Eurozone crisis was the principal<br />
reason for <strong>Britain</strong> missing its deficit<br />
elimination target, but that we would<br />
balance the books “eventually.” As<br />
Keynes said, “in the long run we’re all<br />
dead” so it’d better come sooner rather<br />
than later. If this government is to be<br />
reelected in 2015, it will need to get<br />
real about the deficit and start giving<br />
concrete deadlines. Mr Grayling and I<br />
are in agreement about the necessity <strong>of</strong><br />
spending cuts in order to avoid “taxes<br />
going up.” This government needs to<br />
stop talking and start doing.<br />
Is getting things done even possible in<br />
Westminster? <strong>The</strong> left, the teachers’<br />
unions and the media have vilified<br />
Michael Gove, the coalition’s most<br />
prolific reformer. If reforming means<br />
getting voted out, how are we going to<br />
get the necessary reforms underway?<br />
Mr Grayling told us that nobody who<br />
is “affected by changes” is likely to be<br />
happy about them. But as the education<br />
establishments see the “benefits” <strong>of</strong><br />
“Michael’s reform programme” they<br />
will come around. <strong>The</strong> Marxists in the<br />
teachers’ unions are unlikely to warm to<br />
Mr Gove any time soon – but if results<br />
take so long to materialise, could reform<br />
be impossible in our democracy? A<br />
common theme <strong>of</strong> our discussion was<br />
that lots <strong>of</strong> things “needed to happen.”<br />
<strong>The</strong>y do need to happen, but the<br />
political difficulty involved is likely to<br />
be incredibly hard to mitigate.<br />
Mr Gove’s legacy is yet to be seen, but<br />
how would Chris Grayling like to be<br />
remembered? As Secretary <strong>of</strong> State for<br />
Justice, probation reform was top for Mr<br />
Grayling. He “hopes and believes” that<br />
such changes will lead to a “sustained<br />
fall” in re<strong>of</strong>fending. As successive<br />
governments have wrestled with this<br />
issue, history will tell if Mr Grayling<br />
did the right thing. In the end, it will<br />
all come down to how receptive those<br />
leaving prison are to the mentoring<br />
programme. Indeed, in a society in<br />
which manual-labour jobs are being<br />
progressively phased out by machines, it<br />
is hard to see a place for unskilled male<br />
workers in the future. Here’s hoping Mr<br />
Grayling’s programme can stop these<br />
circumstances dictating a fall back into<br />
crime.<br />
In Mr Grayling’s new Youth Offender<br />
institution in the midlands, there have<br />
been allegations that a return to the<br />
use <strong>of</strong> corporal punishment may be on<br />
the cards for misbehaving delinquents.<br />
Mr Grayling painted a rosier picture.<br />
This new institution, an £85m “secure<br />
college” in Leicestershire, would be<br />
aimed at removing the images <strong>of</strong> “iron<br />
bars.” <strong>The</strong> goal was to achieve, according<br />
to Mr Grayling, an “educational<br />
institution with a fence around it.” Yet<br />
the use <strong>of</strong> force to keep order may well<br />
contravene the EU convention on Human<br />
Rights – if a child refuses to leave a room,<br />
can a “couple <strong>of</strong> <strong>of</strong>ficers pick them up<br />
and make them?” That is a choice for<br />
the courts – but Mr Grayling assures us<br />
that there are “tight rules” surrounding<br />
this procedure. <strong>The</strong> caricature <strong>of</strong><br />
the institution as “Victorian” was an<br />
invention by a “left-wing pressure<br />
group,” Mr Grayling explained. <strong>The</strong>y<br />
want small, communal facilities <strong>of</strong> 20<br />
people for young <strong>of</strong>fenders – obviously<br />
that’s impossible, as Mr Grayling<br />
explained. “You can’t build a serious<br />
educational institution for 20 people.”<br />
In the adult prisons, the “books for<br />
prisoners” issue caused quite a stir<br />
18<br />
19
POLITICS<br />
last year. “I’m afraid it’s the invention<br />
<strong>of</strong> a left-wing pressure group,” Mr<br />
Grayling told us. <strong>The</strong> regime tightening<br />
in prisons, including the removal <strong>of</strong><br />
SkySports and the ability to remove<br />
televisions from cells, have enflamed the<br />
left, Mr Grayling said. His idea <strong>of</strong> prison<br />
is not “watching the Sunday afternoon<br />
match.” When confronted with the idea<br />
<strong>of</strong> there being televisions at all, however,<br />
Mr Grayling was decidedly for the<br />
access to leisure for prisoners. Prison<br />
is a balance, between “punishment,<br />
rehabilitation and humanity.” Is this not<br />
a truism, though? It seems difficult to<br />
discern what new ideas Mr Grayling has<br />
brought in to the prisons’ debate.<br />
Moving on to his previous work as Shadow<br />
Home Secretary, we discussed the rise<br />
<strong>of</strong> UKIP and the issue <strong>of</strong> immigration.<br />
“Immigration is a big concern” was<br />
Mr Grayling’s opening to his response.<br />
On the other hand, he feels that the<br />
“anti-politics protest vote” formerly<br />
attributed to the Liberal Democrats,<br />
is the reason for UKIP’s popularity.<br />
<strong>The</strong> discussion then veered to a debate<br />
about immigration from outside the EU,<br />
which Mr Grayling explained was at the<br />
“lowest level for a number <strong>of</strong> years.” He<br />
subtly blamed Tony Blair’s New Labour<br />
for the upward trend by explaining the<br />
principal extra-EU immigration took<br />
place between “1999 and recently.”<br />
<strong>The</strong> principal debate however should be<br />
on intra-EU immigration. Mr Grayling<br />
told us that the free movement issue<br />
would be on the cards in talks about a<br />
reformed EU. We were skeptical – the<br />
free movement appears to be central to<br />
the European Union as an institution.<br />
“We don’t want to concede defeat before<br />
kicking <strong>of</strong>f,” Mr Grayling said. It’s hard<br />
to be confident that <strong>Britain</strong> would be<br />
able to obtain an opt-out from the freemovement<br />
clause. Does this effectively<br />
consign us to a Brexit?<br />
Speaking on the issue <strong>of</strong> voting and<br />
the Conservative Party, Mr Grayling<br />
was dismayed by the European Union<br />
election’s turnout, but didn’t appear to<br />
<strong>of</strong>fer any tangible solutions. He merely<br />
asserted the politicians’ standard<br />
Chris Grayling sparked protest over his attempts to cut legal aid.<br />
response that “our work matters to you.”<br />
When asked whether the Conservatives<br />
have a problem with the young, Mr<br />
Grayling told us that in the Universities,<br />
the Conservatives are “going very<br />
strong.” As <strong>of</strong> the latest figures, there<br />
are 18,000 members <strong>of</strong> Conservative<br />
<strong>Future</strong> while Young Labour has nearly<br />
40,000 members. At the adult level,<br />
however, membership is almost equal to<br />
both.<br />
A Conservative <strong>Britain</strong> in 2020, Chris<br />
Grayling explained, would have “sensible<br />
finances, the tax burden is eased, the<br />
school system has genuine results.” We’ll<br />
have to see about that one. “Labour<br />
could tear it all up,” Mr Grayling said.<br />
Whether the necessary austerity will<br />
take place under a second Conservative<br />
government (or indeed coalition,) is yet<br />
to be seen. I fear that this government<br />
doesn’t have the conviction to see this<br />
through. Delthat, the Conservatives are<br />
the only people who can and will get<br />
<strong>Britain</strong> back on track. ƒ<br />
ECONOMICS<br />
When one stops and thinks about the modern world, it is clear that Economics plays a critical role.<br />
After a decade and a half <strong>of</strong> prosperity, high rates <strong>of</strong> economic growth are no longer a given and the economic policies<br />
<strong>of</strong> various governments will play a vital role in their futures. One only has to look at the various issues currently<br />
facing the UK to see this: the debate over a rise in the base rate <strong>of</strong> interest, the apparent housing bubble and the UK’s<br />
role in Europe are all economic issues.<br />
20<br />
Moreover, it is not only national and international issues that are connected to Economics. At an individual level,<br />
Economics is the study <strong>of</strong> how best to allocate your resources. This is especially relevant in the UK with nearly £1.5<br />
trillion <strong>of</strong> household debt. In a society where households are increasingly reliant on payday lenders to pay their bills,<br />
an appreciation <strong>of</strong> Economics is an increasingly advantageous asset. Economics plays a vital role in everyone’s lives,<br />
whether we like it or not. Hence, a recognition and appreciation <strong>of</strong> this can only be beneficial for individuals and<br />
for society.<br />
Jonathan French, Section Editor<br />
21
ECONOMICS<br />
We live in a<br />
meritocracy,<br />
right? Wrong!<br />
Will Cowie<br />
It may surprise you to find<br />
out that 21 st <strong>Britain</strong> is in<br />
many ways the opposite <strong>of</strong><br />
a meritocracy. I’m going<br />
to use three figures – just<br />
three simple figures – to try<br />
and set out my case.<br />
<strong>The</strong> first figure comes in the form <strong>of</strong> a<br />
ratio. Here it is: “149:1”. This figure here<br />
is called the “pay ratio”. It represents<br />
the multiple <strong>of</strong> chief executive pay to<br />
average pay for FTSE companies. Or, in<br />
laymen’s terms, the man at the top will<br />
earn one hundred and forty nine times<br />
as much as an average worker for his<br />
company in a single year. Shocking? Yes.<br />
Why? Three reasons.<br />
One: this is a comparison with average<br />
pay – not the pay <strong>of</strong> the poor Eastern<br />
European person cleaning the floors at<br />
sub-minimum wage but the average pay<br />
– so this is really a staggering difference.<br />
Two: this figure has more than doubled<br />
in the last ten years. It has more than<br />
doubled in a period which has seen<br />
the worst economic slowdown since<br />
the 1920s. Clearly the pay <strong>of</strong> these<br />
executives bears no relation to their<br />
performance, and this is in no way<br />
fitting with the ‘meritocracy’ in which<br />
we apparently live. Three: there is more<br />
failure for the meritocracy here. If, as<br />
the meritocracy dictates, we live in a<br />
society where our salary, for example,<br />
is determined on merit, can we account<br />
for such large differentials in pay? Is an<br />
executive really worth so so much more<br />
than other workers? <strong>The</strong>re is a line<br />
between meritocracy and oligarchy, and<br />
this figure betrays how we are moving<br />
towards the latter.<br />
<strong>The</strong> second figure is a much smaller<br />
number: 0.5. This represents the UK’s<br />
intergenerational earnings elasticity.<br />
What on earth is that? Simply put, it<br />
is a measure <strong>of</strong> how likely our children<br />
are to earn the same salary as we earn.<br />
Will poor kids become poor adults? Will<br />
rich kids become rich adults? 0.5 might<br />
seem like an alright score – there’s a<br />
50% chance that a poor kid will become<br />
a poor adult, but there’s the same<br />
chance that the kid will be rich. Fair?<br />
Well, no. It may surprise you to know<br />
that UK’s intergenerational earnings<br />
elasticity is worse than countries like<br />
Norway, Denmark, Germany, Spain,<br />
France, Switzerland, the USA. Oh, and<br />
Pakistan, that well known champion<br />
<strong>of</strong> equality. <strong>The</strong> UK’s 0.5 is the same<br />
as Chile. In other words, whether our<br />
kids will be poor or will be rich will<br />
be determined not by their own ability<br />
or merit but by how much money their<br />
parents have. We cannot claim that<br />
our society is a meritocracy if, clearly,<br />
ability plays only a limiting factor in<br />
where we go in society. We do not live in<br />
a meritocracy.<br />
Finally, a figure much closer to home.<br />
28. <strong>The</strong> number <strong>of</strong> RGS students who<br />
received <strong>of</strong>fers from Oxbridge last year.<br />
None <strong>of</strong> us would be arrogant enough to<br />
admit that we could get into Oxbridge by<br />
our own ability alone – the whole school<br />
pulls together to get so many people in,<br />
what with Mr Dunscombe’s seminars;<br />
mock interviews and Oxbridge classes.<br />
Yes, ability plays its part, but we would<br />
be nowhere without the help we are<br />
privileged to receive. How does this<br />
relate? Well, just by living in Surrey<br />
and just by going to this school, we<br />
have massively increased our chances<br />
<strong>of</strong> going to a good university, getting<br />
a good degree and then getting a good<br />
job. This is great news for us – but we<br />
have to accept that this is because we<br />
are here, now, at this school as opposed<br />
to being purely on our own merit. Even<br />
for us Guildfordians, the laws <strong>of</strong> the<br />
meritocracy do not quite apply. ƒ<br />
Mark Carney:<br />
One year on<br />
Jan Thilakawardana<br />
Mark Carney has begun his<br />
assignment to fix the UK’s<br />
economy but how does it<br />
look one year in?<br />
Mark Carney is a winner. He went to<br />
both Harvard and Oxford, earns over<br />
£500,000 per year and is the first<br />
foreign Governor <strong>of</strong> the Bank <strong>of</strong> England.<br />
In the eyes <strong>of</strong> many he seemed a dream<br />
appointment, if slightly unexpected.<br />
Carney already possessed a wealth <strong>of</strong><br />
experience since he was appointed<br />
Governor <strong>of</strong> the Bank <strong>of</strong> Canada<br />
in 2008. Although he had received<br />
criticism in Canada for being overly<br />
optimistic about financial forecasts as<br />
well as not being completely transparent<br />
with the bank’s view on rates, Carney<br />
was able to win over his critics through<br />
his handling <strong>of</strong> the credit crisis and<br />
recession.<br />
Canada was the first G7 country to raise<br />
interest rates after the crisis through<br />
his detailed guidance on maintaining<br />
interest levels at previously record low<br />
levels for a period <strong>of</strong> time. Emergency<br />
loan facilities were also introduced to<br />
work in tandem with Carney’s advice<br />
to lead Canada forward through the<br />
recession. Although the Canadian<br />
economy is smaller than the UK’s, the<br />
transformation <strong>of</strong> the economy caught<br />
the attention <strong>of</strong> the high powers at the<br />
Bank <strong>of</strong> England. No wonder he seemed<br />
like the perfect candidate to repair the<br />
UK’s economy.<br />
Carney introduced a new style <strong>of</strong> setup<br />
for the Bank <strong>of</strong> England which seems<br />
to portray his fresh view on banking<br />
while also showing that he is happy to<br />
make changes. It was widely unexpected<br />
that two deputy governors would be<br />
appointed but during March 2014<br />
Carney began his shake-up. Nemat<br />
Shafik and Ben Broadbent would take<br />
care <strong>of</strong> the cleaning up <strong>of</strong> the markets,<br />
reintroducing government bonds back<br />
into the market without compromising<br />
economic and taking charge <strong>of</strong> the<br />
monetary policy (from Charlie Bean who<br />
retired in June) respectively. I applaud<br />
Mark Carney for choosing to modify and<br />
alter the setup at the Bank <strong>of</strong> England.<br />
It was his way <strong>of</strong> stamping his character<br />
and authority on both the Bank and his<br />
policies to create the perfect platform to<br />
begin his rebuilding and strengthening<br />
<strong>of</strong> the English economy.<br />
‘One Mission. One Bank. Promoting<br />
the good <strong>of</strong> the people <strong>of</strong> the United<br />
Kingdom.’ - this cheesy strap line<br />
advertises his transformation <strong>of</strong> the<br />
Bank <strong>of</strong> England covers the simple and<br />
fundamental aim <strong>of</strong> the Bank: protect<br />
the economy from future financial<br />
shocks without hindering current<br />
growth.<br />
House pricing instability is an area in<br />
which Carney has received criticism<br />
since the beginning <strong>of</strong> his tenure. <strong>The</strong><br />
problem aroused since he had to admit<br />
that he had no direct control at all over<br />
soaring house prices in prime central<br />
London. <strong>The</strong> knock-on effect was that<br />
the increasing property prices could<br />
see other Londoners taking mortgages<br />
which would be unaffordable with the<br />
expected increase <strong>of</strong> interest rates.<br />
<strong>The</strong> rich who cash-buy their properties<br />
would be unaffected but the average<br />
home owner who used a conventional<br />
mortgage based system would be under<br />
threat. <strong>The</strong> matter was further worsened<br />
when Carney admitted to Teresa Pearce,<br />
Labour MP for Erith and Thamesmead<br />
(an affected London borough), that the<br />
rising house prices could spread to the<br />
rest <strong>of</strong> the country. House price increases<br />
accelerated in April 2014, rising by<br />
9.9% compared with the same month a<br />
year ago (according to the ONS).<br />
“<strong>The</strong> UK’s economy is<br />
rebounding...<br />
Mark Carney,<br />
Governor <strong>of</strong> the Bank <strong>of</strong> England<br />
<strong>The</strong> shadow chancellor, Ed Balls, has<br />
tried to defend Carney’s projections that<br />
interest rates could rise to 2.5% over the<br />
next five years. <strong>The</strong> early rise in interest<br />
rates would affect millions <strong>of</strong> home<br />
owners due to the distorted housing<br />
Mark Carney, Governor <strong>of</strong> the Bank <strong>of</strong> England.<br />
market. <strong>The</strong> coalition government<br />
should take the blame for placing low<br />
rates at risk. Carney may have to, in<br />
the worst scenario, rein in the housing<br />
market and there will be rising interest<br />
rates for everyone across the country.<br />
<strong>The</strong> UK’s economy is rebuilding; for the<br />
first time since August 2009 the Pound<br />
Sterling broke over $1.70. Carney is<br />
laying the foundation for the large<br />
scale reconstruction process. His plan<br />
has been developed for the future with<br />
Nemat Shafik a likely candidate to<br />
take the reins after Carney’s departure.<br />
Sir Mervyn King (former Bank <strong>of</strong><br />
England Governor) described Carney<br />
as, “an outstanding choice to succeed<br />
me” so there will always be a sense <strong>of</strong><br />
expectation on Carney’s shoulders along<br />
with criticism it carries; the welfare <strong>of</strong><br />
the British econ omy is in his hands but<br />
winners always find a way to deal with<br />
the pressure. ƒ<br />
22<br />
23
ECONOMICS<br />
<strong>The</strong> case for fat<br />
taxes<br />
Matt Phillips<br />
In the UK at the moment,<br />
approximately a quarter<br />
<strong>of</strong> adults are considered<br />
obese.<br />
Obesity is a growing problem, with<br />
health risks such as a stroke, heart<br />
disease, type-two diabetes and the risks<br />
<strong>of</strong> certain forms <strong>of</strong> cancer all enhanced<br />
by obesity. <strong>The</strong> problem is clear to see<br />
in this country – the number <strong>of</strong> obese<br />
people that you witness every day, say<br />
while out shopping or at the cinema, has<br />
considerably increased over the last ten<br />
years. Since 1993, the obesity rate in<br />
the UK for adults has almost doubled;<br />
the current measures <strong>of</strong> combatting the<br />
issue are evidently not being effective –<br />
are fat taxes the answer?<br />
By imposing a higher tax on unhealthy<br />
and fattening food and drink, the<br />
government pushes people to purchase<br />
cheaper and healthier alternatives.<br />
Yes, arguably, people suffering from<br />
obesity would continue to purchase<br />
their favourite, unhealthy foods.<br />
However, a tax would help to stem the<br />
problem amongst the younger members<br />
<strong>of</strong> society. When out and about with<br />
friends, the cheap and quick solution<br />
for a meal is a stop <strong>of</strong>f in a fast food<br />
chain – it doesn’t take too much out <strong>of</strong><br />
your spending money, it’s easy and it<br />
tastes good. However, if this food became<br />
more expensive, thus taking it out <strong>of</strong><br />
the ‘cheap’ bracket, younger people may<br />
turn to an alternative – a supermarket<br />
salad or sandwich would be better than<br />
a burger and chips.<br />
<strong>The</strong> morbidly obese need serious<br />
help, just making their favourite foods<br />
more expensive will not make them<br />
into a healthier person; they may be<br />
beyond help in some sense. <strong>The</strong> way to<br />
tackle this problem is from the roots,<br />
preventing further obesity should be the<br />
aim, and fat taxes can be the solution.<br />
<strong>The</strong>y will stop the youth <strong>of</strong> today being<br />
reliant on the foods that will turn<br />
them obese. Of course, there are other<br />
measures that will support the fight<br />
against obesity – for example, more PE<br />
lessons for school children and better<br />
education about the values <strong>of</strong> having a<br />
healthy life and a balanced diet. <strong>The</strong>se<br />
are already present in the syllabus <strong>of</strong><br />
primary education today, however, in<br />
order to aid the work <strong>of</strong> the fat taxes,<br />
there needs to be more <strong>of</strong> this. This<br />
is not about encouraging everyone to<br />
have the perfect body image, as being<br />
ridiculously thin is equally unhealthy,<br />
but that is a separate issue. Having<br />
said this, certain issues like obesity<br />
cause great health risks and can result<br />
in early death. In 2011-12, there were<br />
11736 admissions to hospital because <strong>of</strong><br />
obesity, this is more than eleven times<br />
higher than ten years previously. This<br />
illustrates the grand scale <strong>of</strong> the health<br />
risks that can be caused by being obese<br />
and consequently it is certainly best<br />
avoided.<br />
Fat taxes would be beneficial in the<br />
UK due to how taxing an unhealthy<br />
/ life threating substance in the past,<br />
in particular smoking, has greatly<br />
reduced the number <strong>of</strong> people who<br />
smoke. Obviously it is not this tax<br />
alone that has reduced the number <strong>of</strong><br />
smokers, although the increased price<br />
has been instrumental in the reduction<br />
<strong>of</strong> smokers. Consequently, if fat taxes<br />
were to be introduced, there would be<br />
a disincentive to consume these types<br />
<strong>of</strong> food and drink, and this combined<br />
with more exercise and knowledge <strong>of</strong><br />
what you are eating and drinking, the<br />
number <strong>of</strong> obese people in the UK would<br />
be reduced.<br />
<strong>The</strong> problem <strong>of</strong> obesity in the UK needs<br />
to be prevented for the future. <strong>The</strong><br />
battle is currently being lost, and the<br />
fight to combat the obese members <strong>of</strong><br />
the older generation is not going to be<br />
won. We must, therefore, try to stop the<br />
children <strong>of</strong> today from following in their<br />
footsteps - fat taxes are the solution. ƒ<br />
Austerity? What<br />
austerity?<br />
Felix Clarke<br />
Growth may have returned,<br />
but the debt crisis is only<br />
worsening.<br />
Despite all the tough talk, UK<br />
government spending is still wildly<br />
out <strong>of</strong> control. <strong>The</strong> coalition is falling<br />
spectacularly short <strong>of</strong> its target <strong>of</strong> a<br />
balanced budget within five years, with<br />
our deficit-GDP ratio still the highest in<br />
the European Union. <strong>The</strong> government<br />
continues to overspend by around one<br />
third <strong>of</strong> a billion pounds every day, and<br />
the magic milepost <strong>of</strong> a net debt greater<br />
than annual GDP rapidly approaches. To<br />
put the debt in perspective, the average<br />
tax-payer is already burdened with<br />
£38,000 <strong>of</strong> public debt. Every year,<br />
seven percent <strong>of</strong> government spending is<br />
used to repay the interest on this debt –<br />
a figure that is only increasing.<br />
Our politicians show no signs <strong>of</strong> really<br />
grasping this nettle, all too happy<br />
to equate the return <strong>of</strong> economic<br />
growth with a resolution <strong>of</strong> the debt<br />
crisis. It is utterly dismaying to hear<br />
David Cameron boasting on the Today<br />
programme (26 May 2014) that his<br />
government is ‘paying down the deficit’.<br />
As all sixth-form economists will realise,<br />
this comment is absurd and misleading:<br />
while the deficit (Government spending<br />
less taxation) has decreased, the overall<br />
fiscal debt rapidly increases. One would<br />
love to excuse this remark as a slip <strong>of</strong><br />
the tongue, but such language is sadly<br />
commonplace. <strong>The</strong> government’s onethird<br />
dent in the deficit is, naturally,<br />
welcome, but to predict a surplus any<br />
time soon is fanciful. <strong>The</strong> general mood<br />
seems to be that austerity has simply<br />
been a means to recover from recession,<br />
so ceases to be relevant now that growth<br />
has returned.<br />
Such a crisis should be a cross-party<br />
issue, but while the Tories at least<br />
pretend to tackle it, Labour prefers<br />
to ignore it all together. When asked<br />
by Andrew Marr (26 January 2014)<br />
whether spending was too high under<br />
the last government, Shadow Chancellor,<br />
Ed Balls, responded ‘No I don’t. Nor our<br />
deficit, nor our national debt.’ What<br />
hope have we <strong>of</strong> resolving this urgent<br />
crisis when a man who may just be<br />
running the economy this time next<br />
year is so hopelessly deluded?<br />
A Keynesian approach to public finances<br />
is all very well, but forever conveniently<br />
putting our faith in the notion that all<br />
government spending will eventually be<br />
returned as tax revenue (in the face <strong>of</strong><br />
years <strong>of</strong> dispro<strong>of</strong>) is utterly reckless. One<br />
would at least expect the Left to propose<br />
to resolve the crisis by increasing tax<br />
rates – although such a move would be<br />
detrimental to the recovery. Instead,<br />
anti-austerity groups such as <strong>The</strong><br />
People’s Assembly rally against the socalled<br />
brutal cuts with not even an<br />
acknowledgement <strong>of</strong> the reasons behind<br />
austerity. What seems to be forgotten<br />
is that the more debt interest the<br />
government is required to pay each year,<br />
the less money can be spent on welfare<br />
and the NHS. A stance truly supportive<br />
<strong>of</strong> the welfare state would recognise the<br />
need for cuts now, to avoid collapse<br />
later. <strong>The</strong> reason the government is so<br />
reluctant to make the case for its own<br />
austerity package is because once the<br />
issue is raised, it quickly becomes clear<br />
that it does not have the deficit under<br />
control, as it would have the electorate<br />
believe.<br />
Of course austerity has been a painful<br />
process for people who have had benefits<br />
cut, but some far more severe measures<br />
are necessary in order for the country to<br />
live within its means and stop burdening<br />
future generations with vast interest<br />
bills, unavoidably causing further pain.<br />
<strong>The</strong> pr<strong>of</strong>ligacy <strong>of</strong> successive previous<br />
governments would be to blame for this<br />
pain, not the politician brave enough to<br />
seize back control over the budget. ƒ<br />
Cost <strong>of</strong> living<br />
crisis: A real<br />
issue or just<br />
left-wing<br />
propaganda?<br />
James Eggington<br />
<strong>The</strong> financial crisis has<br />
provoked a somewhat<br />
predictable response from<br />
the two main parties in<br />
British politics.<br />
David Cameron’s well-advertised<br />
“Long-term Economic Plan” <strong>of</strong> cutting<br />
corporation tax, building infrastructure<br />
and creating work incentives to<br />
encourage growth seems like a reasonable<br />
conservative strategy to deal with the<br />
slump. <strong>The</strong> response from Ed Miliband<br />
was inevitable: that the poorest have<br />
suffered the most in this crisis and it is<br />
the Tories’ fault. If that was not enough,<br />
he even claims that “the Government is<br />
making the situation worse - the cost <strong>of</strong><br />
living crisis will not go away even when<br />
24<br />
25
ECONOMICS<br />
the economy recovers.” Such criticism is<br />
not unexpected from the leader <strong>of</strong> the<br />
opposition, especially when Cameron’s<br />
plan appears to be working: in May<br />
2014 CPI inflation fell to 1.5% - its<br />
lowest level in five years. In the same<br />
month it was announced there were two<br />
million more private sector jobs than<br />
in 2010 and the EEF reported that UK<br />
manufacturers are more confident about<br />
growth than at any time since 2007.<br />
<strong>The</strong>se figures suggest that <strong>Britain</strong> is<br />
finally on the right track to recovery.<br />
But could Miliband actually be<br />
pointing out an unnoticed flaw in the<br />
Conservative policy? Will the whole <strong>of</strong><br />
<strong>Britain</strong> really benefit from their plan?<br />
It must be remembered that the facts<br />
given above are generalisations about<br />
the whole UK, which run the risk <strong>of</strong><br />
leaving some groups with a lack <strong>of</strong><br />
representation.<br />
<strong>The</strong> Resolution Foundation’s report on<br />
Living Standards supports Miliband’s<br />
concerns. If Cameron’s plan is creating<br />
jobs and encouraging investment, then<br />
surely incomes should be higher than<br />
in the 2007-2010 period, the very<br />
pitfall <strong>of</strong> the crisis? Not only have<br />
they not improved for low-to-middle<br />
income earners, but they have made<br />
a significant decrease <strong>of</strong> £1400 per<br />
person from 2009 to 2013. Given that<br />
real national income actually increased<br />
in this period, it is clear that those two<br />
million extra private sector jobs, which<br />
the Prime Minister boasted about,<br />
mainly benefitted the wealthier Brits.<br />
Decreases in income still have no<br />
significance until we consider how<br />
prices have changed. Unfortunately,<br />
the stats reveal no silver lining. During<br />
this decrease in incomes <strong>of</strong> £1400 for<br />
working class people, CPI inflation rose<br />
as high as 3.7% and never dropped below<br />
1.3%. Additionally, from April 2010 to<br />
April 2014 fuel prices have collectively<br />
gone up an average <strong>of</strong> 11.9%. Surges in<br />
energy costs disproportionately hurt the<br />
working class - as energy bills take up a<br />
higher percentage <strong>of</strong> their income than<br />
richer citizens.<br />
Moreover, <strong>The</strong> Resolution Foundation’s<br />
report revealed something even more<br />
worrying: goods and services mainly<br />
bought by the poor have inflated more<br />
than products which the rich spend<br />
money on. So not only have living costs<br />
risen for the whole <strong>of</strong> society, but they<br />
have gone up more for those who can<br />
afford them least. How does a low income<br />
earner deal with a decrease in salary and<br />
more expensive bills at the same time?<br />
Surely the government will intervene<br />
and relieve some <strong>of</strong> the damages?<br />
This hope is optimistic at best.<br />
Government debt was roughly £1.3<br />
trillion as <strong>of</strong> 2014 and Cameron has<br />
stated that his plan is to reduce that in<br />
the coming years. <strong>The</strong> BBC predicts us<br />
to have no budget deficit by 2018 due to<br />
the forthcoming cuts. <strong>The</strong>re can be no<br />
doubting that a Tory government who<br />
wants to give people as much incentive<br />
to work as possible is going to have little<br />
remorse in shredding the Job Seeker’s<br />
Allowance. With UKIP winning the<br />
European Election and an underlying<br />
concern among their supporters that<br />
immigrants are <strong>of</strong>f the system rather<br />
than adding to it, this policy may<br />
even win the Conservative party votes.<br />
All we can be sure <strong>of</strong> is that, unless<br />
Cameron’s long-term economic recovery<br />
starts paying its dividends to the poor<br />
<strong>of</strong> <strong>Britain</strong>, Miliband’s fears <strong>of</strong> a deep<br />
cost <strong>of</strong> living crisis seem frighteningly<br />
realistic. ƒ<br />
<strong>The</strong> sinfulness<br />
<strong>of</strong> ‘sin taxes’<br />
Oliver Northover Smith<br />
Textbook economic theory<br />
tells us that the market has<br />
a tendency to fail and that<br />
explains government action<br />
to combat it.<br />
Without doubt, some behaviours so<br />
rife in our society could really do with<br />
being cut back. Smoking, Alcoholism,<br />
Gambling – all are direct causes <strong>of</strong><br />
serious strife and social upheaval.<br />
On the face <strong>of</strong> it, the government has<br />
had, traditionally, a very small policy<br />
toolkit. <strong>The</strong> failure <strong>of</strong> outright bans, as<br />
seen by illegal gambling in the US or<br />
the failure <strong>of</strong> the Prohibition, has led<br />
most governments to the consensus that<br />
indirect taxation is the best solution<br />
to the problem. However, as with all<br />
government actions, there was a serious<br />
cost which overshadows the benefits<br />
in terms <strong>of</strong> reduced consumption <strong>of</strong><br />
dangerous goods.<br />
A shocking statistic which truly shows<br />
the shocking extent to which these taxes<br />
are a scourge is this: for low-income<br />
smokers, according to the Institute <strong>of</strong><br />
Economic Affairs, a staggering 20% <strong>of</strong><br />
one’s disposable income goes straight to<br />
the Exchequer in the form <strong>of</strong> sin taxes<br />
on tobacco. Moreover, as <strong>The</strong> Economist<br />
has pointed out, tobacco is an inferior<br />
good. Not only are low income earners<br />
poor, but they are much, much more<br />
likely to smoke than their richer, better<br />
educated counterparts. This is a crime<br />
for all to see, and a serious tool for<br />
deception.<br />
<strong>The</strong> effect is that for these people, the<br />
government smiles and gives with one<br />
hand in the form <strong>of</strong> benefits payments,<br />
while silently stealing back that money<br />
through hidden indirect taxation.<br />
Moreover, it’s not just the true ‘sins’ that<br />
are taxed at such a heavy rate. Any <strong>of</strong><br />
this group that own a car also contribute<br />
to this figure, with astronomical taxes<br />
on petrol. James Delingpole, a climatechange<br />
sceptic, points to such taxes as<br />
serious constraints on growth and points<br />
it out as a specifically regressive tax.<br />
<strong>The</strong> disingenuous nature <strong>of</strong> taking to<br />
give back places an enormous weight on<br />
people – most <strong>of</strong> whom pay little to no<br />
income tax – means they are indirectly<br />
feeling the squeeze.<br />
<strong>The</strong> Labour party, bolstered by the<br />
spin-doctor that led Barack Obama into<br />
<strong>of</strong>fice in 2008, will place the majority<br />
<strong>of</strong> their emphasis on the ‘cost <strong>of</strong> living<br />
crisis’ that the party sees taking place in<br />
the country. <strong>The</strong> real driver <strong>of</strong> poverty<br />
is the overburden <strong>of</strong> taxes. For the very<br />
poor, who are overwhelmingly more<br />
likely to consume ‘sin’ products, these<br />
are the taxes that hit hardest.<br />
More generally, we need a bonfire<br />
for taxes in the UK. But in a political<br />
system in which social justice and<br />
equality are taglines trumped out by<br />
party leaders, we need to recognise<br />
that real impoverishment does not<br />
come from direct taxes or a lack <strong>of</strong><br />
welfare benefits. <strong>The</strong> horrific effects <strong>of</strong><br />
regressive taxation deprive poor families<br />
<strong>of</strong> £1,286 per year on these taxes.<br />
This is in addition to the £1,165 they<br />
pay in VAT. All this despite massively<br />
lower rates <strong>of</strong> car ownership or alcohol<br />
consumption among the poor. This is<br />
the sign <strong>of</strong> a regressive taxes if ever they<br />
existed – for some poor families (those<br />
with a car, who smoke and drink heavily)<br />
spend an eye-watering 37% <strong>of</strong> their<br />
income on sin taxes. This is compared<br />
to just 15% for the top quintile. We are<br />
putting an unnecessary burden on those<br />
who cannot afford it. It’s time to take a<br />
hatchet to regressive taxation. We need<br />
to stop being aggressively regressive. ƒ<br />
Is this economic<br />
recovery too<br />
driven by the<br />
South?<br />
Samuel Lewis<br />
<strong>The</strong> UK’s post-recession<br />
recovery is now in full<br />
swing.<br />
In the first three months <strong>of</strong> 2014, the<br />
economy expanded at its fastest annual<br />
rate since 2007, with estimates now<br />
suggesting that it has finally surpassed<br />
its pre-recession peak. <strong>The</strong> recovery<br />
has even been blamed for the current<br />
backlog at the Passport Office, which<br />
has seen more applications for new or<br />
renewed passports between March and<br />
May than at any other stage in the past<br />
twelve years.<br />
Recent figures also indicate that the<br />
economy is diversifying, which will help<br />
to ease fears that a sudden end to what<br />
some believe is a house price bubble<br />
could ruin the entire recovery. Whilst<br />
consumer spending is still one <strong>of</strong> the<br />
main contributors to economic growth in<br />
the UK, business investment is picking<br />
up rapidly. This has now increased for<br />
five consecutive quarters (the longest<br />
run since 1998), at a rate <strong>of</strong> 8.7% on an<br />
annual basis. In addition, manufacturing<br />
levels have risen by 4.4% in the year to<br />
April 2014. With business optimism<br />
close to a fifteen-year high, these areas<br />
are likely to continue improving, along<br />
with other areas such as exports, once<br />
the Eurozone recovery takes hold. As a<br />
result, barring a dramatic short-term<br />
crash in house prices, the recovery looks<br />
set to continue at a relatively sustainable<br />
level.<br />
However, in the North <strong>of</strong> the country, the<br />
argument that the recovery is well under<br />
way seems extremely questionable. A<br />
major driver <strong>of</strong> the economy has been<br />
house price growth. In the year to<br />
March 2014, house prices in London<br />
rose by a huge seventten percent. <strong>The</strong><br />
corresponding figures for the North-<br />
West <strong>of</strong> England, Scotland and Northern<br />
Ireland were 3.1%, 0.8% and 0.3%<br />
respectively. <strong>The</strong>se figures show an<br />
alarming differential between the states<br />
<strong>of</strong> the economy across the UK. Not only<br />
does it make it even harder for people to<br />
move from the North <strong>of</strong> the UK to the<br />
South, but as some <strong>of</strong> these figures are<br />
lower than inflation rates, home-owners<br />
in certain regions are actually becoming<br />
poorer in real terms. Becoming poorer<br />
is certainly not something generally<br />
associated with an economic recovery.<br />
<strong>The</strong> disparity <strong>of</strong> house-price growth in<br />
the UK means that consumer spending<br />
levels have hardly changed in large<br />
swathes <strong>of</strong> the country. In Scotland,<br />
26<br />
27
ECONOMICS<br />
levels were negative in the year to<br />
March. It must be noted that the biggest<br />
improvement in the whole <strong>of</strong> the UK<br />
was in the North-East (1.9%), although<br />
this is partially due to the fact that the<br />
region started in a much worse position<br />
than areas such as the South-East which<br />
still saw consumer spending growth<br />
<strong>of</strong> 1.7%. This point demonstrates that<br />
the economic recovery is being driven<br />
by the South and very slowly feeding<br />
through to the North.<br />
<strong>The</strong> Southern-dominated recovery has at<br />
least fed through to the manufacturing<br />
sector which is predominantly based in<br />
the North <strong>of</strong> England. This should be<br />
good news for firms as bigger revenues<br />
will result in more money available<br />
for investment that can allow greater<br />
production levels in the near-future<br />
Is London creating false hope for the rest <strong>of</strong> the UK?<br />
or increased productivity, which is<br />
currently a major drag on the recovery.<br />
Workers will also benefit: wages will<br />
increase gradually and unemployment<br />
will fall. This is especially good news<br />
in the North-East <strong>of</strong> England, where<br />
unemployment levels were still in<br />
double figures at the beginning <strong>of</strong> the<br />
year. <strong>The</strong> problem is that the growth<br />
<strong>of</strong> manufacturing is almost entirely<br />
down to increased demand within<br />
the UK, especially in the South. With<br />
virtually no extra demand from abroad<br />
manufacturing simply cannot continue<br />
to rise at such a rate for more than a<br />
few years. This means that the recovery<br />
is currently highly dependent on the<br />
South and will soon become dependent<br />
on the North. A sudden recovery in<br />
the North is, therefore, necessary but<br />
unlikely.<br />
<strong>The</strong> need for recovery outside <strong>of</strong> the<br />
South is, therefore, clear. Whilst it<br />
seems fairly clear that the economy as<br />
a whole is improving, it is not possible<br />
to have sustainable growth without<br />
improvements elsewhere. We have little<br />
say on the recovery outside <strong>of</strong> our<br />
borders. <strong>The</strong>refore, we need the North<br />
to recover soon so that the country does<br />
not end up both unable to recover and<br />
even more divided in terms <strong>of</strong> wealth<br />
and the general standard <strong>of</strong> living. ƒ<br />
End help-tobuy<br />
and start<br />
building<br />
Felix Clarke<br />
At the start <strong>of</strong> June, the<br />
European Commission<br />
released a report, calling<br />
on George Osborne, among<br />
other things, to rein in his<br />
help-to-buy scheme.<br />
As much as one resents such nosey<br />
interfering from Brussels, our<br />
Government would do well to heed the<br />
Commission’s warning.<br />
<strong>The</strong> old Conservative vision <strong>of</strong> a<br />
‘property-owning democracy’ is a noble<br />
ideal. Allowing more people to own their<br />
own homes increases self-reliance and<br />
gives people more <strong>of</strong> a stake in society<br />
– which can only be good things. More<br />
cynically, however, such policies are real<br />
vote-winners, as Margaret Thatcher<br />
experienced after giving council tenants<br />
the ‘right-to-buy’ their council houses in<br />
the 1980s.<br />
However, in the case <strong>of</strong> help-to-buy, the<br />
benefits do not outweigh the potential<br />
costs. <strong>The</strong> government’s help-to-buy<br />
scheme, announced in March 2013, is<br />
two-fold. <strong>The</strong> first aspect is the period<br />
<strong>of</strong> interest-free loans for buyers <strong>of</strong> newbuilds.<br />
<strong>The</strong> UK has a chronic shortfall<br />
<strong>of</strong> house-building, so any stimulation<br />
here is very welcome. Stage two <strong>of</strong> helpto-buy,<br />
the ‘mortgage guarantee’, means<br />
that the government guarantees up to<br />
fifteen percent <strong>of</strong> the property value,<br />
if the buyer provides a five-percent<br />
deposit and the house is worth less than<br />
£600,000. By easing mortgage access,<br />
the scheme further pushes up house<br />
prices.<br />
Adding heat to the housing market is a<br />
particular concern because house prices<br />
are prone to bubbles. House-price<br />
inflation is <strong>of</strong>ten self-perpetuating, as<br />
consumers see rising prices as a call<br />
to buy, boosting demand. <strong>The</strong> housing<br />
market can soon spiral out <strong>of</strong> control in<br />
a series <strong>of</strong> destabilising boom-and-bust<br />
cycles – just what our fledgling recovery<br />
does not need. Like conventional<br />
inflation, house-price inflation leads<br />
to fiscal drag. As pointed out by the<br />
European Commission’s report, rising<br />
house prices have pushed low-income<br />
families into higher council-tax brackets.<br />
<strong>The</strong> Government assures us that house<br />
price inflation is driven by market<br />
influences, rather than help-to-buy.<br />
Indeed, only seven thousand mortgages<br />
were completed using stage two <strong>of</strong> the<br />
scheme in the first six months <strong>of</strong> the<br />
scheme. More significant than help-tobuy<br />
in boosting house prices are factors<br />
such as insufficient house-building<br />
despite a growing population, low<br />
interest rates and growing consumer<br />
confidence. Furthermore, in London,<br />
the influx <strong>of</strong> wealthy foreigners looking<br />
for luxury houses and apartments has<br />
seen prices in the capital soar far above<br />
the national average.<br />
<strong>The</strong> real, unseen damage <strong>of</strong> help-tobuy<br />
is in its encouragement <strong>of</strong> the<br />
same culture <strong>of</strong> reckless lending that<br />
in America sparked the global financial<br />
crisis <strong>of</strong> 2008, from which we have only<br />
recently emerged. Commentators warn<br />
that banks are now promoting riskier<br />
mortgages in order to compete with<br />
help-to-buy. <strong>The</strong> scheme itself only<br />
encourages buyers to get into debt. <strong>The</strong><br />
interest-free loans expire after five years<br />
and the government’s contribution to<br />
mortgage deposits may leave consumers<br />
with unaffordable repayments.<br />
Consumers and the Government will<br />
have to accept that it is <strong>of</strong>ten preferable<br />
to rent. Home-ownership is <strong>of</strong>ten more<br />
constraining than liberating when<br />
accompanied by a huge mortgage.<br />
If the Government really wants to help<br />
people onto the property ladder, it<br />
needs to start encouraging building on<br />
a huge scale. <strong>The</strong> Government would<br />
not necessarily have to develop on the<br />
green-belt, angering the shire-Tory vote,<br />
as many commentators would have us<br />
believe. Indeed, there is space for two<br />
and a half million homes on the UK’s<br />
brownfield sites. Significant subsidies<br />
<strong>of</strong> house building would take some<br />
pressure out <strong>of</strong> the housing market,<br />
lowering prices and allowing first-time<br />
buyers on to the housing ladder without<br />
being lumbered with debt. ƒ<br />
Will we live<br />
to regret<br />
quantitative<br />
easing?<br />
Phil Haggart<br />
<strong>The</strong> Monetary Policy<br />
Committee’s recent decision<br />
to expand the money supply<br />
through large-scale asset<br />
purchases shifted the focus<br />
<strong>of</strong> monetary policy towards<br />
the quantity <strong>of</strong> money as<br />
well as the price <strong>of</strong> money.<br />
With Bank Rate close to zero, asset<br />
purchases should provide an additional<br />
stimulus to nominal spending and so help<br />
meet the inflation target <strong>of</strong> two percent.<br />
This should come about through their<br />
impact on asset prices, expectations<br />
and the availability <strong>of</strong> credit. However,<br />
there is considerable uncertainty about<br />
the strength and pace with which these<br />
effects will feed through. That will<br />
depend in part on what sellers do with<br />
the money they receive in exchange<br />
for the assets they sell to the Bank <strong>of</strong><br />
England and the response <strong>of</strong> banks to<br />
the additional liquidity they obtain. If<br />
used successfully, quantitative easing<br />
can be used to fuel economic growth,<br />
since money funnelled into the economy<br />
should allow people to more comfortably<br />
make purchases. This can have a trickle-<br />
28<br />
29
ECONOMICS<br />
down effect on both the consumer<br />
and business communities, leading to<br />
increased stock market performance<br />
and GDP growth. However, quantitative<br />
easing forces investors to step into everriskier<br />
investments which could cause<br />
an enormous blow in a subsequent<br />
recession.<br />
Back in 2001, the Bank <strong>of</strong> Japan adopted<br />
the unconventional monetary policy<br />
tool to fight domestic deflation. Interest<br />
rates at the time were close to zero and<br />
could no longer influence the economy<br />
to promote economic growth. <strong>The</strong> BOJ<br />
increased the commercial bank current<br />
account balance from ¥5 trillion to<br />
¥35 trillion (approximately US$300<br />
billion) over a four-year period starting<br />
in March 2001. With quantitative<br />
easing, it flooded commercial banks<br />
with excess liquidity to promote private<br />
lending, leaving them with large stocks<br />
<strong>of</strong> excess reserves and therefore little<br />
risk <strong>of</strong> a liquidity shortage. However,<br />
how successful was this?<br />
Nearly a decade after Japan’s central<br />
bank first experimented with the policy,<br />
the country remains mired in deflation,<br />
a general decline in wages and prices<br />
that has crippled its economy. At first, it<br />
appeared the programme had succeeded<br />
in stabilising the economy and halting<br />
the slide in prices. But deflation has<br />
returned with a vengeance over the past<br />
two years, putting the Bank <strong>of</strong> Japan<br />
back in the spotlight.<br />
cautions <strong>of</strong> the many consequences that<br />
can arise from such a risky monetary<br />
policy. Should QE achieve a temporary<br />
lift in economic growth through higher<br />
credit extension, inflation expectations<br />
will rise immediately as the enormous<br />
amount <strong>of</strong> money created flows into the<br />
real economy. Investors in bonds will<br />
anticipate this, and will begin selling<br />
bonds – they lose more value the higher<br />
inflation expectations – so there is a<br />
high risks that interest rates rise even<br />
more than inflation. <strong>The</strong> result is that it<br />
becomes increasingly expensive for the<br />
both the government and the private<br />
sector to refinance debts.<br />
Due to the great power and nature <strong>of</strong><br />
quantitative easing, I believe that it<br />
should only be adopted as a ‘last resort’<br />
policy when other conventional means<br />
<strong>of</strong> stimulating the economy have failed.<br />
If it becomes the norm with changing<br />
interest rates, the global economy could<br />
collapse. <strong>The</strong>y say that desparate times<br />
call for desparate measures. QE was one<br />
such measure. We shall have to sit back<br />
and see how the results <strong>of</strong> the experiment<br />
unfold to truly assess whether or not is<br />
was a success. <strong>The</strong> Japanese example<br />
isn’t enough - the US and UK provide<br />
more <strong>of</strong> what we need. ƒ<br />
HISTORY<br />
30<br />
So why didn’t quantitative easing work<br />
in Japan? Critics say the Japanese<br />
central bank wasn’t aggressive enough<br />
in launching and expanding its bondbuying<br />
program—then dropped it too<br />
soon. In 2006, prices had just started<br />
rising - a sign that quantitative easing was<br />
beginning to work. But some indicators<br />
were already signalling a slowdown in<br />
the economy. BOJ <strong>of</strong>ficials also seemed<br />
half-hearted as they launched the policy,<br />
failing to explain it sufficiently or<br />
making a strong case for public support.<br />
If the bank <strong>of</strong> England decides to follow<br />
in the BOJ’s footsteps, they must be<br />
Chancellor George Orborne<br />
1707. This date, obscure to many perhaps, illustrates perfectly why history is so crucial to consider<br />
regardless <strong>of</strong> the field, be it politics, economics, finance or even sport. 2014 sees a referendum on Scotland<br />
seeding from the Union, the very Union they joined in 1707.<br />
History perhaps unravelling, history perhaps repeating...regardless, this subject is a vital pursuit for any academic.<br />
Through studying the past we are able to trace patterns, themes and ideas through to the current affairs and events<br />
discussed elsewhere within these pages.<br />
Confucius, the great Eastern thinker, once said one ought to ‘study the past if you would define the future.’ This is the<br />
perfect spirit for one to approach history with, an open mind willing to embrace the past in order to make sense <strong>of</strong><br />
the present. In a year that commemorates the start <strong>of</strong> the First World War, the bloodiest conflict in the history <strong>of</strong> the<br />
entire globe, it is apt that we take a serious look at history. Sometimes brilliant, sometimes exhilarating, sometimes<br />
terrifying, history always has something to show us; be it something that we ought to do or to be, or something that<br />
should never again be done.<br />
Ed Creedy, Section Editor<br />
31
HISTORY<br />
Did Friedrich<br />
Engels seriously<br />
alter Marxism?<br />
Sam Norman<br />
Co-author <strong>of</strong> <strong>The</strong><br />
Communist Manifesto,<br />
Friedrich Engels is <strong>of</strong>ten<br />
overlooked, in favour <strong>of</strong> his<br />
more famous partner, Karl<br />
Marx,) when it comes to<br />
the foundation <strong>of</strong> Marxism.<br />
Yet, Engels himself had a significant<br />
influence not only over the works <strong>of</strong><br />
Marx but over the ideology itself. His<br />
writings, organisation <strong>of</strong> Marx’s ideas<br />
and his own comments on the works <strong>of</strong><br />
Marx may well have altered the focus<br />
<strong>of</strong> Marxism and changed the meanings<br />
<strong>of</strong> many <strong>of</strong> Marx’s writings, if modern<br />
historians are to be believed.<br />
An area where this can clearly be seen<br />
is in the Marxist interpretation <strong>of</strong><br />
history: historical materialism. This<br />
term describes the Marxist view that all<br />
history is based on the changing <strong>of</strong> the<br />
dominant class- capitalists overthrowing<br />
Friedrich Engels<br />
aristocrats, the proletariat (workers)<br />
overthrowing the capitalists, and so onnot<br />
only this but also how humans must<br />
work to produce the means <strong>of</strong> subsistence<br />
(food and so forth). This interpretation<br />
<strong>of</strong> history was put forward by Marx<br />
himself but it was not until Engels’ 1878<br />
work ‘Herr Eugen Dühring’s Revolution<br />
in Science’, commonly known as ‘Anti-<br />
Düring’, that this interpretation was<br />
outlined clearly. Engels did attribute<br />
the ideas <strong>of</strong> historical realism to Marx<br />
himself, however, but it was Engels who<br />
formalised them and make them clearer<br />
– the ideas were gathered by Engels from<br />
various writings by Marx and made into<br />
one coherent interpretation <strong>of</strong> history.<br />
Indeed, it was not until 1880, three<br />
years after the death <strong>of</strong> Marx, that<br />
Engels accepted the usage <strong>of</strong> the term<br />
‘historical materialism’ to describe this<br />
interpretation, again showing his role<br />
in establishing what has come to be<br />
known as the ‘Marxist interpretation <strong>of</strong><br />
history’, i.e. historical materialism.<br />
It can therefore be seen that Engels was<br />
incredibly important in the foundation<br />
<strong>of</strong> the Marxist view <strong>of</strong> history. Even<br />
in Marxist economic thought, Engels<br />
was key. <strong>The</strong> publications <strong>of</strong> Marx’s<br />
posthumous works were mainly done<br />
by Engels, who organised the ideas and<br />
commented on them, such as was the<br />
case for the posthumous editions <strong>of</strong><br />
‘Das Kapital’, an incredibly influential<br />
critical analysis <strong>of</strong> the capitalist system,<br />
which became a key Marxist text.<br />
But his influence was wider reaching,<br />
although perhaps in more general terms.<br />
Take, for example, ‘<strong>The</strong> Communist<br />
Manifesto’, the most famous Marxist<br />
work, which was written by both Marx<br />
AND Engels. <strong>The</strong> fact that Engels coauthored<br />
this key text shows that his<br />
ideas were incredibly important to both<br />
Marx and to the early followers <strong>of</strong> him.<br />
His ideas became part <strong>of</strong> the foundations<br />
<strong>of</strong> Marxism with his co-authoring <strong>of</strong> <strong>The</strong><br />
Communist Manifesto and while these<br />
ideas may not have been drastically<br />
different from those <strong>of</strong> Marx himself,<br />
the fact remains that his ideas (or at<br />
least a compromise between his ideas<br />
and those <strong>of</strong> Marx) would have been<br />
included within the manifesto, the most<br />
well-known, perhaps most important,<br />
work <strong>of</strong> Marxism.<br />
In even more general terms, his influence<br />
can be seen simply as a supporter and<br />
financier <strong>of</strong> Marx. Engels came from a<br />
wealthy background- his father was a<br />
wealthy German cotton manufacturerand<br />
as a result he provided financial<br />
support to Marx for when he was writing,<br />
such as in the years preceding Marx’s<br />
1867 work ‘Das Kapital’. Because <strong>of</strong> this<br />
financial support, Engels spent time<br />
with Marx, checking his writings, and<br />
sharing ideas and comments. While this<br />
may well be speculative, it would not be<br />
too surprising if he influenced Marx’s<br />
ideas in this period.<br />
Without delving too much into<br />
speculation, it should be clear that<br />
Engels’ ideas are integral to Marxism.<br />
But those ideas did not alter Marxism<br />
because they were a fundamental part <strong>of</strong><br />
it from the start, from the writing <strong>of</strong> <strong>The</strong><br />
Communist Manifesto itself- perhaps a<br />
more accurate term for the ideology is<br />
Marist-Engelism. Or perhaps that term<br />
is just too difficult to say... ƒ<br />
<strong>The</strong> Melting Pot:<br />
Why the West is<br />
in part to blame<br />
for the woes <strong>of</strong> the<br />
Middle East today<br />
Euan Middleton<br />
<strong>The</strong> Middle East has always<br />
been a turbulent place,<br />
from the rise <strong>of</strong> Islam, to<br />
the Crusades and to the<br />
political conflicts <strong>of</strong> the<br />
20th and 21st centuries.<br />
Today, however, we are in an even worse<br />
situation than in past, in part down to<br />
the greed <strong>of</strong> <strong>Britain</strong> and France at the<br />
Treaty <strong>of</strong> Versailles over 90 years ago.<br />
At the close <strong>of</strong> the Great War, <strong>Britain</strong><br />
and France were still the great Imperial<br />
powers. For them imperialism was not<br />
yet in decline; in fact, the British Empire<br />
did not reach its peak until 1922, when<br />
it annexed the majority <strong>of</strong> what few<br />
colonies Germany had. Along with the<br />
German land came mandates over large<br />
areas <strong>of</strong> the Middle East. During the<br />
Great War, British and Commonwealth<br />
forces advanced north from British<br />
controlled Egypt to fight the Turks, who<br />
were at the time allied with Germany<br />
and Austria-Hungary. <strong>The</strong>y allied with<br />
several Arab tribes, who were promised<br />
independence if they assisted in the<br />
fight against the Turks.<br />
When the war came to its end in 1918,<br />
the Allies promptly reneged on their<br />
promises; the Arabs were not considered<br />
advanced enough to run states along<br />
the lines the West wished. <strong>Britain</strong> and<br />
France essentially gave themselves vast<br />
swathes as ‘mandates’. <strong>Britain</strong> took<br />
Palestine, Jordan and Iraq, while the<br />
French took charge in Lebanon and<br />
Syria. <strong>The</strong>se countries, still in existence<br />
today, were drawn by European planners<br />
so they would look neat on a map; they<br />
did not take into account the people who<br />
lived there.<br />
Nearly a century on and the effects <strong>of</strong><br />
these partitions are beginning to be felt<br />
in full force. Syria has been embroiled<br />
in a vicious inner-conflict for over 3<br />
years. It is home to diverse ethnic<br />
and religious groups, including Kurds,<br />
Armenians, Assyrians, Christians,<br />
Druze, Alawite Shia and Arab Sunnis.<br />
<strong>The</strong> country has been under the rule <strong>of</strong><br />
the Alawites Ba’ath party since 1963,<br />
with presidents staying in some cases<br />
for as long as 30 years. <strong>The</strong>y represent<br />
only 12% <strong>of</strong> the population. <strong>The</strong> sheer<br />
number <strong>of</strong> different religions which<br />
exist in Syria have shaped the civil war<br />
there from a struggle for freedom to a<br />
sectarian-orientated civil war. Arguably<br />
the meddling <strong>of</strong> the West in places<br />
they did not understand has led to an<br />
increased ferocity in the nature <strong>of</strong> the<br />
fighting in Syria today.<br />
However, a much longer conflict has<br />
engulfed the Middle East, that <strong>of</strong> the<br />
creation <strong>of</strong> the state <strong>of</strong> Israel. Having<br />
cut the state <strong>of</strong> Palestine out in 1919,<br />
the West <strong>of</strong> 1945 decided that the<br />
Jews really did need a home. Without<br />
any consultation <strong>of</strong> the Arabs living<br />
there, nor the wider community, they<br />
redrew the lines; more than half the<br />
land mass <strong>of</strong> Palestine became, in an<br />
instant, an entirely separate nation. As<br />
soon as the British withdrew in May<br />
1948, the two sides were instantly at<br />
war with each other. <strong>The</strong> Arab nations<br />
stood by Palestine, particularly Syria,<br />
Egypt, Jordan and Iraq. Two major wars<br />
followed in 1967 and 1973, from which<br />
Israel emerged victorious. In the present<br />
day Israel has been expanding with<br />
illegal settlements into what remains <strong>of</strong><br />
Palestine. <strong>The</strong> Western planners simply<br />
did not foresee the social impact that the<br />
changes they made would have on the<br />
Middle East, with dire consequences.<br />
<strong>The</strong> diverse social mix <strong>of</strong> peoples in what<br />
are considered ‘nations’ in the middle<br />
east do not allow them to have a single<br />
identity and thus a “general will.” This<br />
limits their ability to truly be nations. If<br />
only the West had understood this, the<br />
problem may have been averted.<br />
“<strong>The</strong> west’s retreats...<br />
have been a disaster<br />
George Galloway, RESPECT MP<br />
Fresh unrest has arrived in the Middle<br />
East. An Al-Qaeda affiliated Sunni<br />
militant group known as ISIS has taken<br />
control <strong>of</strong> much <strong>of</strong> Northern Iraq, with<br />
the demoralised army fleeing before<br />
them. This has led to the vast majority<br />
<strong>of</strong> northern Iraq being removed from<br />
central government control. In the north<br />
east, the Kurds have practically achieved<br />
independence. All this turmoil, and the<br />
massacres and fighting that surrounds<br />
it, can invariably be traced back to the<br />
rushed planning <strong>of</strong> the borders <strong>of</strong> the<br />
Middle East post World War I. Fed by<br />
oncoming ideals <strong>of</strong> socialism and antiimperialism,<br />
the west’s quick retreats<br />
from the Middle East since 1918 have<br />
been nothing but a disaster. ƒ<br />
32<br />
33
HISTORY<br />
Pillars <strong>of</strong><br />
Civilization<br />
Ed Creedy<br />
What begun with the<br />
glory <strong>of</strong> the ancient<br />
Greeks ended with the<br />
hiss and whirr <strong>of</strong> the great<br />
machines <strong>of</strong> the industrial<br />
revolution?<br />
<strong>The</strong>se changes encompassed vast<br />
swathes <strong>of</strong> history, from the Classical<br />
Mediterranean to the Renaissance<br />
papacy <strong>of</strong> the sixteenth century, a single<br />
process which has snowballed through<br />
the narrative <strong>of</strong> the past c. 3000 years.<br />
Unnoticed by many, it is only with the<br />
benefit <strong>of</strong> hindsight that we can truly<br />
consider the monumental nature <strong>of</strong> this<br />
unseen process.<br />
This process has shaped the culture<br />
and society <strong>of</strong> our own lives today, as it<br />
regards what is most instrumental and<br />
central in the very way we act and live.<br />
(Perhaps then this relevance suggests<br />
that a study <strong>of</strong> history is imperative in<br />
allowing us to understand our own times,<br />
indeed our own selves.) It is a process <strong>of</strong><br />
transformation, from civilisations and<br />
cultures based around belief systems in<br />
the divine, to those based around a sense<br />
<strong>of</strong> economic gain and self-promotion.<br />
As is clearly observed throughout the<br />
span <strong>of</strong> the Classical World, religion<br />
was <strong>of</strong> paramount importance within<br />
society. It pervaded all aspects <strong>of</strong> life and<br />
provided each and every citizen, slave<br />
and foreigner with an understanding<br />
<strong>of</strong> both how one should, and how one<br />
wanted, to act.<br />
Belief in the deities <strong>of</strong> Greek or Roman<br />
mythology provided the drive and<br />
purpose for each and every act, be it<br />
observation <strong>of</strong> feast days, festivals and<br />
rituals, or the inordinate amount <strong>of</strong><br />
wealth and time accorded to either<br />
one <strong>of</strong> these religious pursuits. <strong>The</strong>re<br />
were deities for all manner <strong>of</strong> everyday<br />
and extraordinary objects, events and<br />
feelings. One for each <strong>of</strong> war, peace,<br />
love hate dreams or even riches. Yes:<br />
even money was subordinate to religious<br />
observation and adoration.<br />
Famously, for example, the Siphnian<br />
treasury at the important sanctuary<br />
<strong>of</strong> Delphi was known for its elaborate<br />
building and even more elaborate<br />
and rich treasures stored within.<br />
Silver, gold, ivory and precious stones<br />
were all <strong>of</strong>fered within in accordance<br />
with religious belief, religion truly<br />
dominated all aspects <strong>of</strong> the ancient<br />
world, subjugating even the power <strong>of</strong><br />
wealth and riches.<br />
Yet gradually this began to change.<br />
Chronologically, the course <strong>of</strong> the<br />
development <strong>of</strong> a ‘greed <strong>of</strong> gods’ to a<br />
‘god <strong>of</strong> greed’ can be mapped through<br />
the progression <strong>of</strong> time. Hints <strong>of</strong> this<br />
natural subjugation to the divine being<br />
questioned can be observed through<br />
the biblical account <strong>of</strong> Judas, turncoat<br />
against his beliefs for 40 silver coins,<br />
and this was already occurring in merely<br />
the first century AD.<br />
Further on from this we can see the<br />
wealth and corruption <strong>of</strong> the Renaissance<br />
Papacy in Rome (and for a time Avignon)<br />
during the fifteenth and sixteenth<br />
centuries. <strong>The</strong> pervasive desire for the<br />
worldly had, even then, the capacity<br />
to overwhelm the supposedly pious. It<br />
was the nineteenth century where this<br />
development found its completion. <strong>The</strong><br />
Industrial Revolution <strong>of</strong> this time lead<br />
to cultures <strong>of</strong> greed as the rich and elite<br />
found new ways to pursue greatness, no<br />
longer via any religious means, but now<br />
through the acquisition <strong>of</strong> wealth.<br />
Finally civilization had shifted from<br />
a spiritual to an economic quest. No<br />
longer were the divine the pinnacle:<br />
man had taken their place, and it was<br />
simply the next wealthiest man who<br />
was able to usurp the former. This<br />
desire for economic benefit, this greed,<br />
has continued into today’s world, the<br />
financial disaster <strong>of</strong> 2008 epitomising<br />
how far men will go these days to serve<br />
their greed<br />
“Belief in deities provided<br />
purpose for every act<br />
Ed Creedy<br />
Voltaire, who lived during the eighteenth<br />
century, was a man who recognised this<br />
monumental shift was taking place.<br />
He pithily commented that ‘when it is<br />
a question <strong>of</strong> money, everybody is <strong>of</strong><br />
the same religion’. He may well have<br />
recognised the change that was taking<br />
place, the shift from the subservience<br />
<strong>of</strong> money to religion, to that <strong>of</strong> religion<br />
unto money, and this comment alludes<br />
to that. Perhaps even he is suggesting<br />
that in shifting to what is an inherently<br />
selfish worldview, we have in some way<br />
sold our soul, abandoned our principles,<br />
and deserted our spiritual nature. Or<br />
maybe we can satisfy ourselves with the<br />
cripsness <strong>of</strong> a new dollar bill.<br />
Suffice to say, we’re addicted to greed.ƒ<br />
WWII POW<br />
Camp Economy<br />
Harry Jones<br />
Robert A. Radford, an<br />
economist who was taken<br />
prisoner during the Second<br />
World War observed that<br />
markets may appear<br />
spontaneously, evenly<br />
during the worst <strong>of</strong> times.<br />
However, can a POW camp<br />
really be seen as a simple<br />
economy?<br />
Radford wrote in ‘<strong>The</strong> Economic<br />
Organisation <strong>of</strong> a POW Camp’ that he<br />
found similar trends in the camp as to<br />
a market stating ‘a POW camp provides<br />
a living example <strong>of</strong> a simple economy’.<br />
This idea initially developed because<br />
prisoners wanted comfort from goods<br />
as they were going through horrific<br />
times. Prisoners were not aware <strong>of</strong><br />
what was unfolding within the camp;<br />
such a market simply arose due to the<br />
circumstances they faced. Each prisoner<br />
was given a ration pack by the Red<br />
Cross, which included basic foods and<br />
cigarettes as well as private parcels<br />
containing personal items. Prisoners<br />
began to trade food and cigarettes and<br />
it wasn’t too long before different foods<br />
were priced in terms <strong>of</strong> cigarettes.<br />
Thus cigarettes became a type <strong>of</strong><br />
currency in POW camps. <strong>The</strong>y could be<br />
seen as a perfect substitute for money as<br />
they were desirable (as most people were<br />
addicted through stress), very light and<br />
convenient in size. Even if a prisoner<br />
did not smoke, he knew that the other<br />
prisoners would be willing to trade for<br />
the cigarettes. This helped to cause a<br />
driving demand. In addition, there is<br />
no risk <strong>of</strong> hyperinflation as even when<br />
more cigarettes were introduced into the<br />
market, the ‘money’ supply was always<br />
limited by smokers’ consumption. This<br />
made it a deflationary currency in the<br />
same manner as Bitcoin. However, this<br />
also caused problems because cigarettes<br />
would decrease in circulation as more<br />
were consumed, before a huge injection<br />
<strong>of</strong> cigarettes at one time caused prices to<br />
change dramatically. This shows how the<br />
market was actually working properly<br />
with reactions to changes in supply<br />
and demand. <strong>The</strong> prisoners could easily<br />
alter the amount <strong>of</strong> tobacco in each<br />
cigarette, which would lead to each one<br />
being examined before the exchange.<br />
Gresham’s Law states that bad money<br />
will drive out the good money. In the<br />
case <strong>of</strong> cigarettes, it was hard for the<br />
currency to be completely uniform and<br />
any good money was driven out. This<br />
shows how even though cigarettes seemed<br />
to be a currency, there were many faults<br />
with it – cigarettes were not suitably<br />
fungible, causing Radford to state that<br />
‘the market was not yet perfect’.<br />
However, the POW camp could be seen as<br />
a very simplified example <strong>of</strong> how some<br />
exchanges used to take place in different<br />
parts <strong>of</strong> the world. In Virginia in the<br />
1700s, cash was so scarce that farmers<br />
would use tobacco as a cash crop to<br />
exchange goods and buy the machinery<br />
they needed. This was very similar to<br />
the POW camp ‘tobacco mentality’,<br />
albeit with the quality <strong>of</strong> tobacco under<br />
study. In Virginia, however, the market<br />
was regulated more as if the tobacco<br />
was not <strong>of</strong> a decent quality, it would<br />
be burned. This shows how they tried<br />
to correct the market failure unlike in<br />
the POW camp. This was only because<br />
there was no intervention to correct the<br />
market failure within the POW camp.<br />
Even though the German guards and the<br />
Red Cross (providing and monitoring<br />
rations) acted as a type <strong>of</strong> state, they<br />
did not regulate what happened within<br />
exchanges. However, the POW camp<br />
could be seen as an economy in this<br />
sense because even though there was<br />
no intervention, exchanges were still<br />
taking places and the prisoners found<br />
ways to get around any problems that<br />
occurred.<br />
Even though it may seem that the<br />
POW camp is an example <strong>of</strong> a simple<br />
economy, we can’t forget that it was in<br />
fact a Prison Camp. This meant that<br />
the all-powerful state <strong>of</strong> the German<br />
guards and Red Cross were able to<br />
control everything within the camp,<br />
thus creating an entirely separate world<br />
<strong>of</strong> its own. <strong>The</strong>refore, the conditions <strong>of</strong><br />
the camp had already been set up and<br />
prisoners were simply carrying out what<br />
they already knew. Each prisoner had<br />
no way <strong>of</strong> determining the resources<br />
available to other prisoners and<br />
therefore equality was created within<br />
the camp. Cigarettes may have developed<br />
into the currency only due to the fact<br />
that German guards could be bribed<br />
with them. If this was not the case<br />
then there could have been a different<br />
situation. <strong>The</strong> POW camp then, may not<br />
be as similar to an economy as we first<br />
thought, and therefore Radford’s article<br />
must be taken lightly as simply a useful<br />
insight into the world <strong>of</strong> economics. ƒ<br />
American<br />
economic<br />
aggression<br />
Rupert Fitzsimmons<br />
How history explains the<br />
United States’ economic<br />
psychology.<br />
American Economic policy is <strong>of</strong>ten<br />
criticised for being aggressive and, on<br />
some occasions, violent. <strong>The</strong>re is little<br />
doubt that Bush’s war in Iraq was<br />
somewhat motivated by the Middle<br />
East’s monopoly on oil. Indeed many<br />
argue that the whole <strong>of</strong> the Cold<br />
War was - aside from a mere clash <strong>of</strong><br />
ideologies - the classic American spirit<br />
<strong>of</strong> ‘Coca-Cola-capitalism’ ‘kicking up a<br />
fuss’ about not being able to continue<br />
spreading, sucking up and dominating<br />
34<br />
35
HISTORY<br />
the world’s markets. Hence the<br />
historian must ask himself where this<br />
reckless desire to paint the world with<br />
greenbacks actually came from. Was it<br />
(as is widely believed) a result <strong>of</strong> the<br />
free market reforms known commonly<br />
as ‘Reaganomics’? Clearly not, Reagan<br />
is too modern to explain this Cold War<br />
mentality. Thus we must look earlier to<br />
find the origin <strong>of</strong> this idea.<br />
If one is willing to accept that this<br />
economic outlook has been in existence<br />
throughout the entirety <strong>of</strong> American<br />
history, then such a cause should be<br />
identifiable. This cause, I am willing to<br />
suggest, is to be found in the land; quite<br />
literally, in the geographical extent and<br />
plentiful resources <strong>of</strong> the USA itself. For<br />
the first immigrants to the vast lands,<br />
in the form <strong>of</strong> Dutch settlers, were given<br />
free reign over their ‘New World’ – it<br />
was open for exploitation. As the years<br />
progressed too, the settlers travelled west<br />
in search <strong>of</strong> more arable land or mineral<br />
deposits - the whole way, driving out<br />
the forest, the buffalo and the Indian.<br />
<strong>The</strong> land cost nothing, yet had value<br />
beyond what the poor settlers could ever<br />
have hoped for when embarking on this<br />
voyage from Europe. This, I propose,<br />
fuelled an obsession in the collectiveconscious<br />
<strong>of</strong> the Americas for capital<br />
gain at the expense <strong>of</strong> no personal loss.<br />
Subconsciously, money grew on trees<br />
and was ripe for picking, irrespective <strong>of</strong><br />
the damage that it caused. As the land<br />
ran out, however – as the settlers had<br />
sucked the life out <strong>of</strong> the East’s forests,<br />
hunted the buffalo <strong>of</strong> the Great Plains<br />
to near extinction and the lands <strong>of</strong> the<br />
West met rampant agrarianism – the noregrets,<br />
proto-Coca-Cola-capitalism that<br />
had been born out <strong>of</strong> circumstance had<br />
to turn elsewhere in order to continue<br />
feeding the demands <strong>of</strong> the greedy.<br />
It had to turn on both the American<br />
immigrant inhabitant himself and the<br />
wider neighbours <strong>of</strong> North America at<br />
large. This psychology can be tracked<br />
especially well in contemporary<br />
America; great industrial powerhouses<br />
such as British American Tobacco or<br />
the many oil companies have, as a result<br />
<strong>of</strong> their financial excellence, the ears<br />
<strong>of</strong> both federal and local governments<br />
throughout America and, due to their<br />
lack <strong>of</strong> respect for the individual, have<br />
no problem causing great anguish both<br />
at home and abroad. It seems that so<br />
long as a pr<strong>of</strong>it is turned, the damage<br />
caused is nothing more than a minor<br />
annoyance as it may diminish, if only<br />
slightly, future pr<strong>of</strong>it and credibility.<br />
A disgustingly immoral approach to<br />
business that can only really be blamed<br />
on the original plenty that faced the<br />
European settler.<br />
One further consideration to the<br />
concept outlined above is found in<br />
the very creation <strong>of</strong> the USA as a<br />
sovereign state; it is fair to say that<br />
prior to the establishment <strong>of</strong> the<br />
Union by the founding fathers after<br />
the Revolutionary War, the aggressive<br />
economic expansionism was firmly in<br />
place, as demonstrated above. However,<br />
the war itself, surely, helped develop<br />
this questionable mind-set. All is fair<br />
in love and war, so the post-chivalric<br />
code <strong>of</strong> dishonour states, and perhaps,<br />
as the United States were begotten<br />
in this climate and the wars – both<br />
Revolutionary and Civil – touched so<br />
many <strong>of</strong> the American people that this<br />
conscience-free approach to war has<br />
become engrained on the American<br />
psyche at large. (Perhaps also, the reason<br />
why the United States appears always be<br />
so eager to engage in conflict – be it the<br />
foreign War on Terror or the domestic<br />
War on Drugs – is in order to justify,<br />
at some deep psychological level, the<br />
continuation <strong>of</strong> this motto in everyday<br />
life.)<br />
So, the American economic psychology<br />
continues, created out <strong>of</strong> the pseudoutopian<br />
impression enveloping the early<br />
settlers <strong>of</strong> the United States and then<br />
perpetuated out <strong>of</strong> their fixation on<br />
conflict. <strong>The</strong> infamous dollar bill carries<br />
the curse <strong>of</strong> America’s history in every<br />
citizens’ wallet. ƒ<br />
What, if<br />
anything, does<br />
the Trolley Cart<br />
Dilemma show<br />
us?<br />
Tim Foster<br />
A trolley cart is careering<br />
out <strong>of</strong> control. Up ahead are<br />
five workers, who are about<br />
to be killed by the trolley<br />
cart.<br />
But on a spur to the right stands a lone<br />
individual. You, a bystander, happen to<br />
be standing next to the lever that could<br />
divert the trolley, (a move that would<br />
save the five, yet sacrifice the one). Do<br />
you pull it?<br />
If you would pull the lever, then you are<br />
not alone: most people when presented<br />
with this scenario would do so. Consider,<br />
however, a second example: you are no<br />
longer next to the switch, but on a<br />
bridge. <strong>The</strong> only way to save the workers<br />
is to push a fat man onto the track. This<br />
is certain to stop the trolley killing five<br />
people, but again, at the expense <strong>of</strong> an<br />
innocent life. Is it morally permissible<br />
to push the man <strong>of</strong>f the bridge? At<br />
this point, many people are inclined<br />
to change their mind, and let the five<br />
workers die. But is this logical, given<br />
that the outcomes <strong>of</strong> both scenarios is<br />
mathematically identical?<br />
Both <strong>of</strong> these situations make up the<br />
trolley cart dilemma, a moral problem<br />
first posed by Phillipa Foot in her 1967<br />
paper, ‘Abortion and the Doctrine<br />
<strong>of</strong> Double Effect’. It is a problem that<br />
plays into thousands <strong>of</strong> economical and<br />
historical issues, such as capitalism:<br />
many may gain, but a few suffer as<br />
a result. Or perhaps humanitarian<br />
intervention, such as in Iraq in 2003,<br />
or even now in 2014. Historians might<br />
try to justify many wars, policies,<br />
decisions and events by using the wellknown<br />
Vulcan phrase: ‘<strong>The</strong> needs <strong>of</strong> the<br />
many, outweigh the needs <strong>of</strong> the few’.<br />
Or, indeed, the one. <strong>The</strong> idea <strong>of</strong> ends<br />
justifying means that can be traced<br />
back to at least the Greeks, and maybe<br />
further still. People’s answers to these<br />
problems, and others like them, help to<br />
identify whether their ethical outlook<br />
is mainly teleological or deontological.<br />
Teleological ethics locates moral value<br />
in the consequences <strong>of</strong> an action: if an<br />
action produces favourable outcomes<br />
overall, then it is justified; in short, ‘the<br />
ends justify the means’.<br />
This is in stark contrast to a<br />
deontological approach to ethics, where<br />
actions are believed to have value in<br />
and <strong>of</strong> themselves, regardless <strong>of</strong> the<br />
consequences that they produce. In other<br />
words, actions have intrinsic value, and<br />
are not morally justified or condemned<br />
by their consequences. When one<br />
applies these moral outlooks to the<br />
above dilemmas, the fault line is clearly<br />
shown. Consequentialists (i.e. those<br />
who subscribe to a teleological outlook)<br />
would likely kill the one person in<br />
both scenarios, arguing this is justified<br />
as more lives are ultimately saved by<br />
killing the one man. By contrast, most<br />
deontologists would submit that murder<br />
can never be justified, as it is always<br />
wrong irrespective <strong>of</strong> the consequences.<br />
<strong>The</strong>refore, deontologists would likely<br />
allow the five workers to die.<br />
Whilst this analysis is illuminating on<br />
an academic level, it fails to account for<br />
the gut instinct <strong>of</strong> many, which is pull<br />
the lever but not push the fat man. Is this<br />
inconsistent, or can this differentiation<br />
<strong>The</strong> Trolley Cart Dilemma - would you kill one to save four?<br />
be ethically justified? <strong>The</strong> main attempt<br />
used to try and justify this discrepancy<br />
is to advocate the doctrine <strong>of</strong> double<br />
effect. This notion, first discussed by<br />
St. Thomas Aquinas, gives a name to the<br />
reason why many have trouble accepting<br />
that it’s permissible to push the man<br />
<strong>of</strong>f the bridge. <strong>The</strong> doctrine states<br />
that, for an act to be moral, it must<br />
produce good outcomes that are at least<br />
as important as the action taken, and<br />
which are governed by good intentions<br />
(i.e. you cannot push the fat man for<br />
fun). By these criteria, both acts seem<br />
to be justified, however, there is one<br />
final condition: the good effect must be<br />
produced by the action, not by the bad<br />
effect. This is why, for many, pulling the<br />
switch is preferable to pushing the man<br />
onto the tracks. By pulling the lever,<br />
we are taking an action that indirectly<br />
results in the death <strong>of</strong> the man on the<br />
track. In the second example, we are<br />
intentionally pushing the man to his<br />
death. Based on the doctrine <strong>of</strong> double<br />
effect therefore, whilst the former is<br />
moral, the latter is not.<br />
Does this really solve the problem?<br />
Consider a final twist: you are back next<br />
to the switch, like in the first scenario.<br />
<strong>The</strong> problem remains identical, but<br />
this time the person you are killing is<br />
not a stranger, but the person you love<br />
the most. Suddenly, things become<br />
unclear again. <strong>The</strong> doctrine <strong>of</strong> double<br />
effect cannot obviously defend killing a<br />
stranger (who is probably an innocent<br />
victim with his own loved ones) but<br />
sparing a loved one. Is this reason to<br />
doubt logic? Or emotions? Or both?<br />
One thing is for sure: it is clear reason<br />
to doubt that this dilemma will ever be<br />
‘solved’. This, by extrapolation, says<br />
much about most ethical problems.<br />
Subjective preference even plays a part<br />
in how much people value different<br />
outcomes vis-a-vis decisions. <strong>The</strong> lack <strong>of</strong><br />
a straight distinction between emotions<br />
and logic in problems like this will keep<br />
us flummoxed for generations ƒ<br />
36<br />
37
HISTORY: FEATURE<br />
World War One’s Literary Legacy<br />
Alex Goodchild<br />
How the Great War<br />
redefined attitudes to<br />
war in poetry.<br />
As we approach the 100th anniversary<br />
<strong>of</strong> the outbreak <strong>of</strong> World War One, much<br />
attention will doubtlessly be centred on<br />
how it reshaped the balance <strong>of</strong> power in<br />
Europe and, more pertinently, its role<br />
as the greatest human catastrophe ever,<br />
with over 37 million casualties recorded.<br />
Yet one <strong>of</strong> the war’s most enduring<br />
legacies has been its effect on poetry.<br />
Changing war from a heroic notion to<br />
one <strong>of</strong> despair, it was in the destructive<br />
fire <strong>of</strong> conflict where the famous poems<br />
<strong>of</strong> Wilfred Owen and Siegfried Sassoon,<br />
two <strong>of</strong> England’s favourite poets, were<br />
forged. Conflict has <strong>of</strong> course <strong>of</strong>ten been<br />
the subject <strong>of</strong> poetry as long as swords<br />
and styluses have existed.<br />
Two renowned classical writers, for<br />
instance, Homer and Virgil, gained fame<br />
through their epics, the Iliad and the<br />
Aeneid respectively. Both narratives<br />
revolve around warfare with ideas <strong>of</strong><br />
heroism in the characters <strong>of</strong> Achilles<br />
and Aeneas woven into the l<strong>of</strong>ty verse<br />
with the Aeneid immediately setting<br />
this tone by famously commencing with<br />
the Latin word ‘arma’ (arms). A more<br />
recent work that comes to mind on this<br />
theme is Alfred, Lord Tennyson’s ‘<strong>The</strong><br />
Charge <strong>of</strong> the Light Brigade’, which<br />
commemorates the event <strong>of</strong> the same<br />
name that occurred during the Battle<br />
<strong>of</strong> Balaclava in the Crimean War, raging<br />
from 1853 until 1856. Historically a<br />
disastrous engagement arising from poor<br />
communications, it describes the ride <strong>of</strong><br />
600 men into ‘the valley <strong>of</strong> Death’. In<br />
the aftermath <strong>of</strong> a devastating loss <strong>of</strong><br />
men, it <strong>of</strong>fers a moving tribute to the<br />
courage and heroism <strong>of</strong> the cavalry and,<br />
similarly to classical notions, it lauds<br />
the combatants with vocabulary such as<br />
‘honour.’<br />
Yet the attitude in the writings <strong>of</strong> those<br />
who experienced the human atrocity<br />
<strong>of</strong> 1914 onwards could not seem, by<br />
comparison, further removed. Interesting<br />
this should seem as, at the start <strong>of</strong> the<br />
war, the efforts <strong>of</strong> poets were not used<br />
to deplore the brutality but rather to<br />
promote enlistment as a form <strong>of</strong> jingoist<br />
propaganda. Jessie Pope, notoriously the<br />
addressee <strong>of</strong> Owen’s famous ‘Dulce et<br />
Decorum Est’, a biting condemnation <strong>of</strong><br />
the idea that it is proper to serve and<br />
die for one’s country, perceived World<br />
War One as something <strong>of</strong> a ‘game’ and<br />
even, shockingly, compared it to a game<br />
<strong>of</strong> cricket (‘<strong>The</strong>y’ll take the Kaiser’s<br />
middle wicket’). Controversial certainly,<br />
but this was not a view atypical <strong>of</strong> the<br />
British public.<br />
Indeed, the crippled persona <strong>of</strong> Owen’s<br />
‘Disabled’ recalls how he enlisted<br />
because he thought ‘he’d look a god in<br />
kilts’ and to please ‘giddy’ women. It<br />
took place, ‘after football, when he’d<br />
drunk a peg’ as was common <strong>of</strong> those<br />
in the pals’ battalions. <strong>The</strong> choice <strong>of</strong><br />
joining the army was motivated by<br />
glory but it was the brutal reality that<br />
changed attitudes entirely. ‘Disabled’<br />
presents a negative perspective on the<br />
Great War and its victims; the speaker<br />
receives no glorious welcome upon<br />
return, his vitality is ‘poured down<br />
shell-holes’ and he metaphorically ‘waits<br />
for dark’ to release him from his trauma.<br />
Such despair is perfectly captured in<br />
‘Futility’ also, when the soldier tending<br />
to a casualty wonders ‘Are limbs… too<br />
hard to stir?’ In posing this question, the<br />
poet makes a riposte to Julian Grenfell’s<br />
‘Into Battle’, which had shown Nature as<br />
giving a pastoral warmth to the troops.<br />
Instead, ‘Futility’ perhaps suggests that<br />
even Nature has abandoned man.<br />
Owen is perhaps the more celebrated <strong>of</strong><br />
the two but it was Sassoon’s influence<br />
that accounts for the bitter tone <strong>of</strong> Owen’s<br />
verse after the men met and shared ideas<br />
at Craiglockhart. Sassoon, who was to be<br />
a victim <strong>of</strong> shellshock, is clearly scathing<br />
<strong>of</strong> war and at times daring in his war<br />
poetry. This is best illustrated in the<br />
controversial ‘Base Details’, in which he<br />
reproaches ‘puffy-faced’ and ‘petulant’<br />
commanders, who, after ‘guzzling and<br />
gulping in the best hotel’ return home<br />
to die safely in the comfort <strong>of</strong> their own<br />
beds. Whilst spurious in plausibility,<br />
this entirely fabricated perception <strong>of</strong><br />
those behind the lines does show the<br />
great antipathy felt towards those at<br />
the top. Consider, for instance, Douglas<br />
Haig, commander at the Somme, and<br />
his nickname <strong>of</strong> ‘Butcher Haig’. More<br />
acerbic still is ‘On Passing the New<br />
Menin Gate’, where Sassoon derides the<br />
memorial as a ‘sepulchre <strong>of</strong> crime’ that<br />
celebrates ‘the world’s worst wound’<br />
‘with pride’ as the ‘unheroic dead’<br />
remain ‘nameless’, exemplifying the<br />
view that there is no heroism in warfare.<br />
Meanwhile, ‘Everyone Sang’ expresses<br />
the unparalleled joy at the close <strong>of</strong> war,<br />
with the Armistice, 11th November<br />
1918. Sassoon’s comparison here is an<br />
extremely effective one: ‘I was filled<br />
with such delight / As prisoned birds<br />
must find in freedom.’ <strong>The</strong> joy conveyed<br />
here is born <strong>of</strong> the relief analogous to<br />
that <strong>of</strong> the caged bird as it flies away<br />
yet, unlike for the bird, World War One<br />
has left an indelible mark on mind and<br />
body <strong>of</strong> each soldier.<br />
As shown, attitudes to war have<br />
changed, yet how is the experience<br />
actually presented in poetry and what<br />
is Sassoon escaping from? His aptly<br />
named ‘War Experience’ gives a taster<br />
<strong>of</strong> what he described as ‘the foul beast…<br />
that bludgeons life’ (<strong>The</strong> Dream). After<br />
enlisting as a young man and putting<br />
himself through ‘demented strife and<br />
ghastly glooms <strong>of</strong> soul-conscripting<br />
war, mechanic and volcanic’, Sassoon<br />
considers that ‘Not much remains <strong>of</strong><br />
the hater/ Of purgatorial pains.’ <strong>The</strong><br />
veteran is but a spectre <strong>of</strong> his former<br />
self, just as the persona in ‘Disabled’<br />
is vividly pictured as ‘Legless, sown<br />
short at elbow.’ It is the aforementioned<br />
‘Dulce et Decorum Est’, though, which<br />
provides the most graphic and terrible<br />
image <strong>of</strong> a gas attack. Without his gas<br />
mask, one man is left with ‘white eyes<br />
writhing in his face’ that hangs ‘like a<br />
devil’s sick <strong>of</strong> sin’. ‘At every jolt’ his<br />
comrades can hear ‘the blood / Come<br />
gargling from the froth-corrupted<br />
lungs’. His state is ‘obscene as cancer,<br />
bitter as the cud’ and he is left with<br />
‘incurable sores’ on his tongue. Everyone<br />
should rightly remember World War<br />
One for its lasting effect on European<br />
politics and, <strong>of</strong> course, the tragic human<br />
losses, but one <strong>of</strong> its greatest effects was<br />
to change the concept <strong>of</strong> war in poetry.<br />
Notions <strong>of</strong> heroism previously seen in<br />
classical poetry have vanished for one<br />
that laments warfare as the ultimate<br />
bringer <strong>of</strong> death and despair. As this<br />
is nowhere better reflected than in the<br />
poems <strong>of</strong> those contemporary fighters, it<br />
is somewhat appropriate to end with the<br />
words <strong>of</strong> Wilfred Owen’s preface.<br />
This book is not about heroes. English<br />
poetry is not yet fit to speak <strong>of</strong> them.<br />
Nor is it about deeds, or lands, nor<br />
anything about glory, honour, might,<br />
majesty, dominion, or power, except<br />
War... My subject is War, and the pity <strong>of</strong><br />
War… All a poet can do today is warn.<br />
That is why true Poets must be truthful.<br />
Said Preface was to precede a collection<br />
<strong>of</strong> war poetry Owen intended to publish<br />
in 1919. Perhaps the greatest tragedy<br />
<strong>of</strong> war, certainly in terms <strong>of</strong> literature,<br />
was the perishing <strong>of</strong> this masterful,<br />
powerful poet exactly one week before<br />
the Armistice was signed. It is hard for<br />
us to tap into the wealth <strong>of</strong> literature<br />
from the war because it is abstracted<br />
from our time. ƒ<br />
38<br />
39
HISTORY<br />
<strong>The</strong> Spanish<br />
Empire and New<br />
World Silver:<br />
<strong>The</strong> Downfall <strong>of</strong><br />
the Empire?<br />
Sam Norman<br />
1604. <strong>The</strong> Spanish Empire<br />
was the richest in Europe<br />
in the late sixteenth and<br />
early seventeenth centuries,<br />
due to the massive influx<br />
<strong>of</strong> gold and, particularly,<br />
silver from the Americas.<br />
Which Spain had colonised, more so<br />
than any other European power. Potosi,<br />
a Peruvian city, for example, became<br />
famous due to its massive output <strong>of</strong> silver,<br />
being called a land <strong>of</strong> ‘extraordinary<br />
riches’ by Miguel de Cervantes in Don<br />
Quixote. Things were thus looking very<br />
positive for the future <strong>of</strong> the empire,<br />
holding the equivalent <strong>of</strong> 1.5 trillion<br />
dollars in gold and silver by 1600.<br />
Despite this great wealth, economic<br />
mismanagement led the empire into a<br />
spiral <strong>of</strong> decline from which it could not<br />
recover.<br />
<strong>The</strong> influx <strong>of</strong> silver and gold into Spain<br />
led to multiple problems. Perhaps the<br />
biggest problem was that <strong>of</strong> inflation;<br />
levels <strong>of</strong> which, in Spain, amounted to<br />
1-1.5% per year, a figure that seems<br />
low by modern standards but which<br />
was actually rather devastating as the<br />
currency was based on a silver metallic<br />
standard; and thus inflation would only<br />
be caused by debasement <strong>of</strong> the coinage<br />
(replacing the silver or gold within it<br />
with a cheaper metal) or by an increase<br />
in the number <strong>of</strong> coins made due to an<br />
increase in the amount <strong>of</strong> silver or gold.<br />
<strong>The</strong> latter was the reason behind the<br />
Spanish inflation, which led to prices<br />
being almost 500% higher by 1650. This<br />
price increase had not been seen before<br />
in Europe and it did not just affect<br />
Spain- England saw similar inflation as<br />
did much <strong>of</strong> Europe. This led to higher<br />
food prices and, more importantly,<br />
higher arms prices, which was especially<br />
devastating for the Spanish who were<br />
fighting multiple wars in Europe<br />
almost constantly through the sixteenth<br />
century, usually against the French.<br />
Even when not directly involved, Philip<br />
II Hapsburg, king <strong>of</strong> Spain and the rest <strong>of</strong><br />
the Hapsburg lands, which encompassed<br />
Austria, the Netherlands and the Holy<br />
Roman Empire, would siphon <strong>of</strong>f money<br />
from Spain to fund wars in other parts<br />
<strong>of</strong> his kingdom.To make the situation<br />
worse, this inflation made ships far more<br />
expensive for Spain. Since so much silver<br />
and gold had to be exported to Europe<br />
from America by the Spanish fleet, a<br />
strong navy was incredibly important.<br />
But the fleet was incredibly expensive<br />
for the Spanish and thus they were open<br />
to raids, both by privateers and other<br />
countries. Sir Francis Drake alone stole<br />
fifteen tons <strong>of</strong> silver in 1571- 1573 and<br />
numerous Spanish coins, worth over<br />
twenty-five million dollars. This piracy<br />
significantly damaged Spain, who<br />
needed the constant supply <strong>of</strong> Silver for<br />
their coinage.<br />
<strong>The</strong> influx <strong>of</strong> precious metals proved a<br />
disaster for Spain. <strong>The</strong> Spanish Empire<br />
went bankrupt several times in the<br />
sixteenth century: 1557, 1560, 1576 and<br />
1596 all saw Spain declare bankruptcy.<br />
By 1600, Spain had amassed a debt <strong>of</strong><br />
over 85 million ducats, whereas their<br />
annual income was only just under ten<br />
million. Spain was in economic turmoil,<br />
with the American bullion being used<br />
as loans to Genoese merchants, who soon<br />
had great control over the economy <strong>of</strong><br />
Spain.<br />
<strong>The</strong> Empire could still maintain itself if<br />
the only economic issue were inflation.<br />
However, other problems furthered<br />
the poor economic situation. Much <strong>of</strong><br />
Spain’s manufacturing was done by<br />
the artisan classes <strong>of</strong> the Jews and the<br />
Moriscos. However, both these classes<br />
were expelled from Spain, the Jews<br />
in 1492 and the Moriscos in 1609,<br />
and as such, Spain became incredibly<br />
dependent on foreign manufactured<br />
goods, which, due to their high inflation<br />
rates, became very expensive for them.<br />
<strong>The</strong> Spanish Empire did survive all this,<br />
however. Despite the pirate raids and<br />
the foreign wars, the huge inflation and<br />
the lack <strong>of</strong> manufacturing, the Spanish<br />
Empire saw a recovery in the eighteenth<br />
century, gaining lands in India and<br />
stabilising their economy<br />
<strong>The</strong> empire really started to face<br />
difficulties in the early nineteenth<br />
century, when the colonies in the New<br />
World began seeking independence. But<br />
despite this resurgence, the problems<br />
caused by the silver and gold were still<br />
deep wounds for the Spanish Empire.<br />
<strong>The</strong> debt and expensive military<br />
upkeep led the Empire to defeat in wars,<br />
reducing their European territories,<br />
losing valuable areas such as Naples<br />
and the Netherlands. By no means were<br />
these wounds caused by the silver and<br />
gold fatal, but they were still a disaster,<br />
the beginning <strong>of</strong> a spiral from which<br />
Spain could not escape. ƒ<br />
________________________________<br />
A TURN FOR THE WORST - WHY<br />
SPAIN SHOULD GO BACK TO GOLD<br />
<strong>The</strong> impression given in this article is<br />
that inflation and deflation under a<br />
gold standard are driven by the supply<br />
<strong>of</strong> gold or silver.<br />
<strong>The</strong> housing boom experienced by the<br />
Spanish from 2002 onwards was driven<br />
partly by high demand driven by the<br />
fundamentals. However, the ECB’s low<br />
rate policy drove speculative booms in<br />
housing. <strong>The</strong> results can now be seen.<br />
Spain should learn from Austrian<br />
School theorists like Ludwig von<br />
Mises and Friedrick Hayek that a fiat<br />
currency can lead to serious problems<br />
when the central bank feels like going<br />
on a printing spree.<br />
FINANCE & MARKETS<br />
Perpetually changing and subsequently altering our daily lives in one way or another, the financial sphere<br />
holds a prodigious influence over society and societal practices.<br />
Yet, many don’t take notice <strong>of</strong> this factor <strong>of</strong> preeminent importance due to its seeming lack <strong>of</strong> relevance to daily life.<br />
My personal interest in the topic lies within this general consensus <strong>of</strong> disinterest, as I have become intrigued in its<br />
news and relevancy over the past few years. Looking at specific markets such as commodities, manufacturing and<br />
pharmaceuticals as well as the future outlook for our natural resources, I hope you’ll find our writers have portrayed<br />
a brief introduction to the world <strong>of</strong> business as well as the future <strong>of</strong> <strong>Britain</strong>, encouraging you to further explore this<br />
area <strong>of</strong> the world economy.<br />
Lewis Bizaoui, Section Editor<br />
40<br />
41
FINANCE & MARKETS<br />
Is Silver a<br />
safe haven for<br />
investors?<br />
Lewis Bizaoui<br />
For thousands <strong>of</strong> years,<br />
silver has been traded and<br />
considered to be a viable<br />
store <strong>of</strong> value. Silver was<br />
replaced as legal tender<br />
by gold, when the gold<br />
standard replaced the<br />
silver standard in 1935.<br />
<strong>The</strong>refore, its sole modern purpose<br />
is manufacturing, as well as being<br />
traded as a commodity. <strong>The</strong> price,<br />
which is driven by the usual factors<br />
such as consumer speculation, supply<br />
and demand is relatively volatile when<br />
compared to its alternatives.<br />
However, long term it seems to be a good<br />
investment when one considers that its<br />
nominal value in the marketplace has<br />
tripled over the past nine years. This is<br />
mainly due to its huge demand within<br />
retail and manufacturing. Silver is not<br />
Could silver be safe?<br />
only used in jewellery: it is also used for<br />
components in photovoltaic cells and in<br />
medical products, due to its antibacterial<br />
properties. When one considers its wide<br />
use, one starts to understand the scope<br />
<strong>of</strong> demand for this product, despite its<br />
marginal market size when compared<br />
with the likes <strong>of</strong> Gold.<br />
Consequently, for the investor looking<br />
for a long-term upward trend, who is<br />
willing to ignore the constant shifts in<br />
market value, silver is a good option.<br />
Furthermore, with gold prices so high,<br />
one can purchase a much larger volume<br />
<strong>of</strong> silver product for the same cost as a<br />
relatively insignificant volume <strong>of</strong> gold.<br />
This too adds to the appeal <strong>of</strong> silver as<br />
the ‘poor man’s gold’.<br />
Yet, dispute this ‘long term’ safety,<br />
Silver has been subject to colossal<br />
scandals throughout its history. In the<br />
late twentieth century, the infamous<br />
Hunt brothers gave birth to what is<br />
known as ‘Silver Thursday’. Billionaire<br />
boys who seemed to consider themselves<br />
kings <strong>of</strong> the stock market decided to<br />
accumulate a total market share <strong>of</strong> one<br />
third <strong>of</strong> all non-governmentally owned<br />
silver, in turn cornering the market<br />
due to the lack <strong>of</strong> available product<br />
and influencing a spike in prices.<br />
<strong>The</strong>ir initial investment soared 712%,<br />
catapulting them into the exclusive club<br />
<strong>of</strong> multibillionaires. Despite this initial<br />
huge success, once market regulations<br />
were changed and regulations were<br />
placed on the trade <strong>of</strong> silver prices<br />
plummeted, this time due to consumer<br />
speculation leading to the immediate<br />
loss <strong>of</strong> their overnight fortune.<br />
Almost crippling the entire<br />
American investment banking system<br />
singlehandedly, unable to pay back<br />
debts amassing to billions <strong>of</strong> dollars, the<br />
Hunts certainly had a major impact on<br />
the silver market. It is this uncertainty<br />
<strong>of</strong> demand and huge volatility that<br />
still detracts investors from trusting<br />
this commodity to hold its value with<br />
minimal risk.<br />
<strong>The</strong>refore, although it may be a viable<br />
option unfortunately its history goes<br />
against the possibility <strong>of</strong> ‘safety’. With<br />
fewer and fewer options to consider<br />
following the crippling collapse <strong>of</strong><br />
the financial markets in 2008, we are<br />
still searching for the new safe haven<br />
commodity that we can all trust and call<br />
our best friend. I predict this search to<br />
be unfruitful. ƒ<br />
Pfizer and<br />
AstraZeneca –<br />
<strong>The</strong> infamous<br />
takeover that<br />
never was<br />
James Fairley<br />
Whilst Pfizer and<br />
AstraZeneca may not be<br />
household names, the<br />
planned takeover, by Pfizer,<br />
<strong>of</strong> AstraZeneca, was widely<br />
discussed through many<br />
different media platforms.<br />
This takeover would have seen the<br />
creation <strong>of</strong> the world’s biggest drug<br />
company, which would have seen<br />
Pfizer and AstraZeneca controlling the<br />
pharmaceutical market, a market which<br />
is valued at around $300 billion a year,<br />
and is set to increase in value to around<br />
$400 billion in the next three years. A<br />
terrifying prospect indeed.<br />
For Pfizer, AstraZeneca was attractive<br />
due to its experimental immune<br />
cancer therapy drug, which has been<br />
estimated to help raise AstraZeneca’s<br />
sales by seventy-five percent, to around<br />
$45billion. Moreover, certain tax<br />
laws mean that, with AstraZeneca’s<br />
headquarters being in London, if<br />
New York based Pfizer completed the<br />
merger, they could move the <strong>of</strong>ficial<br />
headquarters to London, where they<br />
would have to pay a lower tax rate. So,<br />
what went wrong? Why was there such<br />
an ‘epic fail’?<br />
This merger fell apart because the<br />
price <strong>of</strong>fered for AstraZeneca by Pfizer<br />
was too low. In order to complete the<br />
merger, Pfizer had to <strong>of</strong>fer a valuation<br />
<strong>of</strong> AstraZeneca, using a value-per-share<br />
evaluation <strong>of</strong> AstraZeneca’s stocks. At<br />
first, things proceeded as they normally<br />
do in a merger, with Pfizer <strong>of</strong>fering at<br />
first low, and then increasing valuations<br />
for AstraZeneca. However, as AstraZeneca<br />
refused the <strong>of</strong>fers, and as the price rose<br />
and rose, Pfizer became less confident,<br />
their valuations became less frequent,<br />
and they started to backtrack slightly.<br />
Finally, after <strong>of</strong>fering a value per share<br />
at around £50, they made a final bid at<br />
£55 per share, which values the company<br />
overall at around £69-70 billion.<br />
AstraZeneca, who were demanding a<br />
bid <strong>of</strong> around £74 billion, commented<br />
that this valuation was not enough, with<br />
their market capitalization <strong>of</strong> around<br />
£55 billion. Although the board at<br />
AstraZeneca were not comfortable with<br />
this bid, some shareholders wanted<br />
AstraZeneca to complete the deal, with<br />
many, such as the AXA Group, calling<br />
for the board to pass the decision onto<br />
shareholders with a vote to decide the<br />
outcome <strong>of</strong> the merger. However, there<br />
was significant support from many<br />
shareholders for the board’s decision<br />
with notably the largest shareholder,<br />
BlackRock, supporting AstraZeneca.<br />
So, the merger fell apart. So what does<br />
this actually mean for the UK? Primarily,<br />
the merger would have created many<br />
much needed job opportunities for the<br />
UK, which at the moment has relatively<br />
high unemployment <strong>of</strong> around 2.16<br />
million people (ILO). With this merger,<br />
a larger pharmaceutical company<br />
would have been created, and with this<br />
expansion, more people would have been<br />
needed to complete more jobs, leading to<br />
an increase in job opportunities.<br />
However, there was worry amongst some<br />
that Pfizer would relocate most <strong>of</strong> the<br />
work back to the States, and instead<br />
use the UK-based AstraZeneca in order<br />
to reduce their tax bill. <strong>The</strong>refore, this<br />
could have in fact lead to a reduction<br />
in available jobs as Pfizer closed down<br />
valuable research and development sites<br />
in the UK.<br />
<strong>The</strong>re was also a very significant<br />
political angle to the takeover. All three<br />
political parties were concerned about<br />
the takeover, notably this impact on<br />
jobs, and the effect on the much needed<br />
investment in research and development<br />
in the UK <strong>The</strong>re is a significant lack<br />
<strong>of</strong> investment into the R&D industry<br />
in the U.K., and if Pfizer were to move<br />
AstraZeneca’s facilities away from<br />
the UK, this would have an extremely<br />
detrimental effect on the already lacking<br />
R&D industry in the UK.<br />
Finally, there was worry that, due to the<br />
magnitude <strong>of</strong> this takeover (the largest<br />
takeover in British history), there were<br />
not enough checks and balances in place<br />
to help protect the British interest,<br />
particularly since one <strong>of</strong> the drivers <strong>of</strong><br />
the deal was the reduced tax rate that<br />
the company would have to pay.<br />
Although there has been talk <strong>of</strong> a renegotiation,<br />
with many shareholders<br />
encouraging AstraZeneca to reconsider<br />
the proposal in the long run, British<br />
law means that Pfizer cannot make<br />
another merger <strong>of</strong>fer for at least six<br />
months. <strong>The</strong>refore in the short run, we<br />
can expect little news <strong>of</strong> this merger,<br />
but we can expect significant pressure<br />
on AstraZeneca to achieve the ambitious<br />
performance targets it has set for itself<br />
in defence. ƒ<br />
Hit the road,<br />
Frack - and<br />
don’t you come<br />
back<br />
James Acomb<br />
Surrey is next on the ‘frack<br />
list’. Is fracking worth the<br />
fuss?<br />
Fracking is no doubt the most<br />
controversial technique to extract<br />
energy today. Fracking is the technique<br />
<strong>of</strong> drilling down thousands <strong>of</strong> metres<br />
into the Earth’s crust and injecting a<br />
high-pressure mixture <strong>of</strong> chemicals as<br />
well as gallons <strong>of</strong> water that fracture<br />
the rock to release the gas. In France<br />
it is banned, in the UK there has been<br />
large opposition but the US are one <strong>of</strong><br />
42<br />
43
FINANCE & MARKETS<br />
the most active users <strong>of</strong> shale gas in the<br />
world.<br />
In America it has, to an extent been<br />
successful, and since the 1970s there<br />
has been a significant increase in the<br />
growth <strong>of</strong> the fracking industry, with it<br />
now being worth forty percent <strong>of</strong> their<br />
Natural Gas Production. For example,<br />
Consol Energy based in the US shut<br />
down five coal mines to concentrate on<br />
the use <strong>of</strong> shale gas production in West<br />
Virginia. <strong>The</strong>re are 650 trillion cubic<br />
feet <strong>of</strong> shale gas reserves in America.<br />
It definitely is a way forward but is it<br />
the only way? <strong>The</strong> Global Sustainable<br />
Institute, based at Anglia Ruskin<br />
University, states that the UK only has<br />
5.2 years left <strong>of</strong> oil reserves and three<br />
years <strong>of</strong> gas reserves. This means we<br />
will have to rely on Norway, Qatar and<br />
Russia for oil and gas in the future.<br />
In the North Sea, <strong>Britain</strong>’s oil and<br />
gas fields are declining fast. By 2025,<br />
production <strong>of</strong> oil and gas will fall from<br />
1.7 to 1.2 million barrels per day. In the<br />
long term, <strong>Britain</strong> will have to consider<br />
alternatives.<br />
Fracking is not popular with the media.<br />
In America there have been reports <strong>of</strong><br />
polluted water supplies, opponents have<br />
blamed fracking for earthquake tremors<br />
in Blackpool 2011, some scientists<br />
Could this be the future for the rolling hills <strong>of</strong> Surrey?<br />
claim that 260 chemical released in<br />
fracking are carcinogenic. <strong>The</strong>re are also<br />
fears that the energy will be sold to the<br />
European market as exports rather than<br />
being used domestically. In Balcombe,<br />
West Sussex, there was considerable<br />
opposition at the fracking site, with<br />
protestors camping outside, claiming<br />
the water supply will be polluted. A<br />
year on, there is no evidence to support<br />
this claim.<br />
Reports from the British Geological<br />
Survey show that although the areas <strong>of</strong><br />
proposed fracking are large (the total<br />
is 1,300 trillion cubic feet) only one<br />
tenth actually contain recoverable gas.<br />
However, this tenth is the equivalent<br />
<strong>of</strong> a century <strong>of</strong> North Sea Gas supply.<br />
Another advantage <strong>of</strong> using fracking is<br />
that it could attract £3.7 billion per year<br />
<strong>of</strong> investment along with 74,000 jobs.<br />
<strong>The</strong> government has now said it could<br />
represent a huge part <strong>of</strong> our energy<br />
supply, meaning we can keep up with<br />
demand and the global energy crisis.<br />
After the latest BGS report, the Weald<br />
Basin is the next area companies want<br />
to start drilling for gas, so Surrey is set<br />
to be fracked. Some other areas which<br />
have seen fracking have include Dorset,<br />
Sussex, Hampshire, and Lancashire (<br />
IGas drill here with a future venture<br />
in East Midlands with GDF Suez who<br />
will invest £30 million when they<br />
commence drilling in 2015 after permits<br />
are given). <strong>The</strong> Weald Basin contains 4.4<br />
billion barrels <strong>of</strong> shale gas but further<br />
investigations are needed as only one<br />
percent might be extracted due to the<br />
shale rock not being mature enough.<br />
However, the BGS report should be<br />
taken with caution. Fracking is another<br />
way to ‘drill for dirty fossil fuels’ and<br />
according to Friends Of <strong>The</strong> Earth<br />
what is really needed is new ‘renewable<br />
energy solutions to help UK’s energy<br />
challenge’. Renewable Energy has to be<br />
the long term goal but fracking could be<br />
the short term solution. <strong>The</strong> government<br />
has three years before our gas reserves<br />
run out to sort out fracking, and its<br />
community opposition.<br />
So would you like drilling to occur<br />
outside your house? Would £820,000<br />
<strong>of</strong> compensation to your community (as<br />
well as one percent <strong>of</strong> pr<strong>of</strong>its) persuade<br />
you to allow it in your back garden?<br />
Unfortunately for those <strong>of</strong> us who<br />
fear the environmental and aesthetic<br />
consequences, it seems we may not have<br />
a choice. ƒ<br />
Does HWM<br />
Aston Martin<br />
have an<br />
independent<br />
future?<br />
Lewis Bizaoui<br />
Bloomberg has suggested<br />
that Aston Martin’s<br />
independence acts as a<br />
hindrance rather than<br />
being advantageous to its<br />
marketing model.<br />
Aston Martin DB9<br />
With a bright future ahead <strong>of</strong> the<br />
firm due to increased research and<br />
development within the sphere <strong>of</strong> hybrid<br />
technologies for its models such as the<br />
famous DB9, one would expect Aston<br />
Martin to be barely keeping its head<br />
above the surface <strong>of</strong> the tempestuous<br />
waters that are the motor vehicle<br />
markets.<br />
However, it seems that Aston has<br />
missed the ‘green’ boat with producers<br />
such as Tesla expanding globally and<br />
surpassing Aston Martin in orders<br />
by the thousands. Furthermore, with<br />
rival supercar producers shaping their<br />
businesses to satisfy growing demand in<br />
the east, it seems Aston’s business model<br />
is simply too rigid for this market.<br />
It does not help that Aston stands alone<br />
without funding from larger ‘father’<br />
corporations, such as FiatSPA and<br />
Volkswagen. <strong>The</strong> only option for a standalone<br />
producer is to rely on increasing<br />
debt. ‘Borrow’ the way out seems to be<br />
the solution for Aston’s head honchos.<br />
What does that mean for the consumer?<br />
In the short term, we should expect<br />
increasing vehicle prices. Yet, in the<br />
long term, developments in vehicle<br />
production and cost efficiency should<br />
lead to more competitive pricing. Also,<br />
with the new eco-friendly Aston Martin<br />
vehicle, continual costs such as petrol<br />
consumption and congestion charges<br />
will also fall, in turn hopefully launching<br />
Aston Martin back into the big leagues.<br />
<strong>The</strong> key word in that previous phrase is<br />
‘hopefully’.<br />
It seems as if Aston Martin is relying<br />
on a huge consumer reaction to a<br />
relatively small alteration to their<br />
product, with CEO Dr. Bez claiming<br />
‘Despite challenging market conditions<br />
the company has increased its research,<br />
development and investment activity’,<br />
following a recent technology sharing<br />
deal with German based Daimler.<br />
Moreover, along with this ‘hope’ comes<br />
colossal debt and a poor credit rating.<br />
Many argue that instead <strong>of</strong> this risky<br />
route into the future alone, the company<br />
desperately needs an experienced, wellresourced<br />
firm to become a majority<br />
shareholder in order for HWM to absorb<br />
potential losses and move forward.<br />
This would, indeed, potentially be<br />
detrimental to the British economy as it<br />
would most likely result in production<br />
moving out <strong>of</strong> Gaydon in England,<br />
causing a massive drop in employment<br />
opportunities due to the almost two<br />
thousand British people AM employs.<br />
Although that number doesn’t sound<br />
dramatic, due to its specificity <strong>of</strong><br />
location, the population <strong>of</strong> Gaydon<br />
would be in serious trouble, with much<br />
<strong>of</strong> the local community employed<br />
at the factory. <strong>Britain</strong> needs to be<br />
moving in a positive direction in terms<br />
<strong>of</strong> employment opportunities and<br />
following the unsuccessful takeover <strong>of</strong><br />
AstraZeneca by Pfizer, there is obviously<br />
much opposition to the net leakage <strong>of</strong><br />
investment within the UK.<br />
HWM Aston Martin needs to seriously<br />
reevaluate its business model and image.<br />
Currently, with ties to luxury and Bond,<br />
their consumer loyalty and desirability<br />
should be high. Instead <strong>of</strong> aiming to<br />
lower pricing and make the vehicles<br />
more available to all consumers (shown<br />
when their small city car, the Cygnet<br />
was released), they should emphasise<br />
their invaluable brand image to new<br />
heights, following in the footsteps <strong>of</strong> the<br />
impressing One-77. Keep it British, keep<br />
it raw and keep it luxurious. ƒ<br />
44<br />
45
SOCIETY<br />
<strong>The</strong> world around us is changing incredibly rapidly, with new technology being produced virtually<br />
yearly, new discoveries weekly, and with it, the way we, as humans, is having to change.<br />
For instance, as I am writing this, merely this week we have discovered a diamond in space the size <strong>of</strong> Earth, an<br />
“unfeelability” cloak has been invented, and scientists have simulated time travel using photons. Society as whole<br />
is affected by these developments, and must be incorporated into many different areas – <strong>The</strong> government must<br />
debate some new ideas and plans, religion is changing and becoming seemingly less influential, and the many <strong>of</strong> the<br />
things that we do to enjoy ourselves may not have existed this time last century.<br />
Society is one <strong>of</strong> the few things that people cannot escape. By definition, society involves all the people in a ‘more<br />
or less ordered community’. <strong>The</strong> things involved are not limited, and indeed there are many controversies that fall<br />
into it, and is where the infamous crossover between religion, science, and politics lies. <strong>The</strong>re may be no right or<br />
wrong answer; it is all up to your own personal opinion. But society will affect you, it is (in my opinion), leading<br />
in the right direction, towards a cleaner, greener, less restricted future. However, I invite you to make up your own<br />
mind about many <strong>of</strong> the issues discussed herein. As the author Henry David Thoreau summed up, ‘What is the use<br />
<strong>of</strong> a house if you haven’t got a tolerable planet to put it on?’<br />
James Wheeler, Section Editor<br />
Are we too<br />
reliant on the<br />
Internet?<br />
James Wheeler<br />
Nowadays in the world<br />
<strong>of</strong> smartphones, ipads,<br />
laptops, and many more<br />
other internet-connected<br />
devices, it is difficult<br />
to avoid the use <strong>of</strong> the<br />
internet virtually daily.<br />
Studies have shown that Brits spend<br />
forty-three hours – almost two whole<br />
days – online every month. Surely this<br />
is too much?<br />
<strong>The</strong> internet is clea rly a wonderful<br />
invention. Smartphones again have<br />
changed the way we live – now we have<br />
vast amounts <strong>of</strong> information in our<br />
pockets, whether it be the BBC News and<br />
Wikipedia, or Snapchat and Instagram.<br />
You just need to get on a tube during<br />
rush hour to see how many people are<br />
on their phones at any one time: it is<br />
simply accepted that you cannot have<br />
a conversation with anyone else, as<br />
people are engrossed in their screens.<br />
<strong>The</strong>re are huge benefits to having this<br />
sort <strong>of</strong> information at your fingertips:<br />
the football can be quickly checked,<br />
any arguments can be (relatively) easily<br />
settled, and you can easily keep in touch<br />
with friends across the world.<br />
However, this comes at a cost – it seems<br />
that real, face to face conversations have<br />
been declining. It is certainly a sad<br />
state <strong>of</strong> affairs to see a group <strong>of</strong> people<br />
together, but not actually talking to<br />
each other, prioritising their phones.<br />
<strong>The</strong> fact that families have had to resort<br />
to banning phones from the dinner table<br />
indicates a serious, widespread problem.<br />
But it’s not just phones. Virtually<br />
everything can be controlled remotely<br />
nowadays, and one thing going wrong,<br />
one experienced hacker, and there can<br />
be catastrophic results. Watchdogs, a<br />
recent game by Ubis<strong>of</strong>t, has picked up<br />
on this: as Aiden Pearce, the protagonist,<br />
you can control anything connected to<br />
the Chicago ctOS (Central Operating<br />
System), giving you the ability to<br />
control traffic lights, hack ATMs, or<br />
steal all the information you could ever<br />
want about a person. Although only a<br />
game, the developers have made sure<br />
that everything that you can do in the<br />
game can be achieved in real life with<br />
the right equipment, skills, and a bit<br />
<strong>of</strong> time. It seems like only a matter <strong>of</strong><br />
time until someone manages to use the<br />
interconnectivity <strong>of</strong>, well, everything,<br />
and who can exploit it in any way they<br />
please.<br />
But the benefits <strong>of</strong> the internet and<br />
interconnectivity <strong>of</strong> data cannot<br />
be argued against. Productivity has<br />
improved tenfold; jobs have been<br />
created which were previously hadn’t<br />
existed; and globalisation has meant<br />
that businesses, such as Amazon, have<br />
reached sizes which could never have<br />
been even dreamed <strong>of</strong> before the internet<br />
– Amazon makes $83,000-worth <strong>of</strong> sales<br />
every minute. Furthermore, information<br />
can be shared virtually instantly to<br />
anyone in the world; the lives <strong>of</strong> millions<br />
<strong>of</strong> students worldwide have been easier<br />
due to Google and Wikipedia, and the<br />
days <strong>of</strong> trawling through pages and<br />
pages <strong>of</strong> books for a quote are over.<br />
Even simple things such as online<br />
banking have saved time and money, and<br />
have enabled millions <strong>of</strong> people across<br />
Africa and other third world countries<br />
to set up bank accounts, where the<br />
money they have earned is safe.<br />
In reality, the internet has benefitted<br />
virtually everyone, both in the<br />
developed and developing worlds. It has<br />
revolutionised many, if not most, <strong>of</strong> the<br />
small daily acts we do, and it is virtually<br />
inescapable in the UK. However, we, as<br />
a society, are in danger <strong>of</strong> becoming<br />
addicted to our phones (especially<br />
among teenagers) and to the internet,<br />
and we need to realise that phones are<br />
no replacement for actual face-to-face<br />
contact. ƒ<br />
A Changing<br />
Music Industry<br />
Sam Clarke<br />
Guildford is a record<br />
collector’s dream. Dusty<br />
copiers <strong>of</strong> yesterday’s hits,<br />
misses and just about<br />
everything in between can<br />
be acquired, second hand,<br />
for between 50p and £500.<br />
Ben’s Collectors Records, one such<br />
retailer, is jam-packed every weekend<br />
with enthusiasts <strong>of</strong> all ages, rummaging<br />
in the boxes for that elusive copy <strong>of</strong><br />
Rubber Soul or, in the case <strong>of</strong> one <strong>of</strong><br />
my friends, Marvin Gaye’s Love Songs.<br />
That music has changed over the past<br />
thirty years is a given. Few could have<br />
foreseen the impact <strong>of</strong> the internet on<br />
an industry that was once dominated<br />
by bloated record companies. <strong>The</strong><br />
differences, however, run deeper than<br />
this.<br />
We have not only changed how we<br />
purchase and listen to music but also the<br />
way we react to it, the way we appreciate<br />
it and the way we let it impact our lives.<br />
I’ll begin in East Greenwich, on the<br />
21st June 2014, in block U10 <strong>of</strong> the O2<br />
46<br />
47
SOCIETY<br />
Arena. On stage was perhaps one <strong>of</strong> the<br />
most famous bands <strong>of</strong> the seventies, <strong>The</strong><br />
Eagles. A beautiful acoustic rendition <strong>of</strong><br />
Saturday Night had just been met with<br />
rapturous applause and Glenn Frey, one<br />
<strong>of</strong> the band members, was introducing<br />
the next song. Suddenly, I was hit with<br />
a realisation. No modern equivalent <strong>of</strong><br />
<strong>The</strong> Eagles exists. Of course many bands<br />
have tried to copy them stylistically,<br />
but the dinosaur bands <strong>of</strong> the seventies<br />
and eighties, with record sales in the<br />
tens <strong>of</strong> millions, are a thing <strong>of</strong> the past.<br />
<strong>The</strong> most recent to ship more than ten<br />
million copies in the US was Adele’s 21<br />
in 2011. One has to look back to 1997 to<br />
Shania Twain to find the last album to<br />
sell over fifteen million copies.<br />
<strong>The</strong> internet is largely responsible for<br />
this rapid change. Record companies<br />
used to be able to make huge pr<strong>of</strong>its<br />
by investing in a number <strong>of</strong> bands and<br />
peddling a narrow range <strong>of</strong> genres.<br />
Nowadays, anyone can make and<br />
distribute their own music through<br />
programs such as FL Studio and Logic<br />
Pro. Since the early 2000s, hundreds<br />
<strong>of</strong> new styles have emerged. Ever since<br />
Aphex Twin’s experiments with electro<br />
in the early nineties, genre after genre<br />
has emerged. House music, a style<br />
originating in America in the 1980s,<br />
gained popularity as the works <strong>of</strong><br />
new artists began to spread. Dubstep,<br />
another electronic style, became<br />
popular in the early/mid 2000s. Glitch<br />
hop, electroswing, trap and hundreds <strong>of</strong><br />
other styles have taken <strong>of</strong>f within the<br />
last twenty years. And where new styles<br />
meet old classics, mash-ups and remixes<br />
provide interesting listening.<br />
This diversification has been a problem<br />
for many record labels. Artists, no longer<br />
compelled by record labels to stay safely<br />
within popularity’s boundaries, are<br />
freer to experiment. Listeners find a<br />
style they like, a niche is created and<br />
the genre stays. Whereas in the 1980s<br />
electro fans listened to electro, anyone<br />
with an internet connection can find,<br />
sample and enjoy the almost infinite<br />
sub-genres. Producing ‘electronic music’<br />
is no longer viable, since ‘electronic<br />
music’ no longer exists as a single genre.<br />
Listeners are spread out; more artists<br />
produce, but their music is less listened<br />
to. Glitch Hop Community, a YouTube<br />
channel which uploads different artists’<br />
songs, releases a new track almost daily.<br />
Most go a year without passing 10,000<br />
views. A record company would not<br />
be able to sign such artists pr<strong>of</strong>itably<br />
(besides, many artists <strong>of</strong>fer free<br />
downloads <strong>of</strong> their work).<br />
And yet, music is still made and paid<br />
for by listeners. Bandcamp, a website<br />
that allows artists to charge for songs<br />
without signing to a label, has made<br />
$2.8 million for artists in the last thirty<br />
days. It also provides real time sales and<br />
analytics data. When a package like this<br />
is <strong>of</strong>fered for free to artists, it’s not hard<br />
to see why record labels are falling out<br />
<strong>of</strong> favour.<br />
<strong>The</strong> way music is released has changed.<br />
Albums used to be the mainstream,<br />
with singles serving more as samples<br />
for full works. Nowadays, the opposite<br />
is true. Streaming services and<br />
abundant smartphones have made it<br />
a lot easier to pick out single songs.<br />
Most electronic artists now release EPs<br />
and LPs. Whole albums have become<br />
the exception instead <strong>of</strong> the rule,<br />
certainly with newer styles (see chart).<br />
Indie and rock bands have continued to<br />
release albums. However, they are less<br />
structured. It’s very hard to find works<br />
with a progressive structure and song<br />
order such as Pink Floyd’s Dark Side<br />
Of <strong>The</strong> Moon or <strong>The</strong> Who’s Tommy. For<br />
all intents and purposes, mainstream<br />
albums have become collections <strong>of</strong><br />
singles and LPs.<br />
<strong>The</strong> way artists release music has<br />
changed dramatically. Have our attitudes<br />
towards it changed?<br />
I jump now to Sweden, to a small, stuffy<br />
room somewhere in Stockholm, the<br />
capital. Stacks <strong>of</strong> servers with blinking<br />
lights whir gently day and night. Inside<br />
this building a revolution is happening,<br />
as users connect to <strong>The</strong> Pirate Bay to<br />
download just about any type <strong>of</strong> digital<br />
content imaginable for free.<br />
Since music existed, people have always<br />
tried to listen to it without paying, and<br />
piracy has made it easier than ever.<br />
Illegally downloading or ‘torrenting’<br />
music is a popular way to get the latest<br />
tracks for free, particularly among cashstrapped<br />
teens. Between January and<br />
June 2012, ninety-seven million torrents<br />
were shared in the US alone (Statista,<br />
2014). This figure is set to increase,<br />
as faster internet speeds mean whole<br />
movies can be downloaded in minutes.<br />
Piracy is a controversial topic, not least<br />
because it takes income directly from<br />
artists and producers. It’s been attacked<br />
by publishers, record companies and<br />
governments alike for destroying<br />
creativity and discouraging talent.<br />
Piracy is a crime and its continued<br />
proliferation is certain to have<br />
detrimental impacts on music and film.<br />
That said, piracy has had some benefits.<br />
<strong>The</strong> once bloated record labels <strong>of</strong><br />
yesteryear have seen their pr<strong>of</strong>its<br />
tumble by sixty-four percent from their<br />
peak in 1999 (Degusta, 2011). <strong>The</strong>y have<br />
been forced to trim up or risk going out<br />
<strong>of</strong> business. This has made them more<br />
sensitive to changes in trends and tastes.<br />
Large record companies now produce a<br />
wider range <strong>of</strong> popular styles. Newer<br />
labels release newer genres. People have<br />
more variety to listen to.<br />
Artists and producers have since tried<br />
to reduce piracy themselves. So far, they<br />
have been successful. When Radiohead<br />
released In Rainbows in 2008, they<br />
allowed fans to pay their own price.<br />
Three weeks later, the album had<br />
rocketed to number one in the UK and<br />
the US. A report by Warner/Chappell,<br />
Radiohead’s label, claimed that “the<br />
publisher was able to generate far more<br />
money for both themselves and the band<br />
than would have been possible under the<br />
traditional system.” Smaller bands, who<br />
lack the funds to pursue such a scheme,<br />
have released songs directly onto piracy<br />
websites, along with a plea to purchase<br />
the song legally as well. Bandcamp<br />
advertises specifically on torrent sites,<br />
and can cite thousands <strong>of</strong> users who<br />
ended up paying for music they were<br />
about to download for free.<br />
That people are willing to pay for<br />
something they could easily get for free<br />
is surprising. It also highlights how our<br />
relationship with artists has changed.<br />
Constant connectivity means fans<br />
feel closer than ever to their favourite<br />
singer or band. Thus, they are willing<br />
to spend their money supporting them.<br />
Governments and record labels have<br />
failed to control piracy because people<br />
don’t sympathise with them. Music is no<br />
longer just a thing people listen to. It<br />
has become a relationship between fans<br />
and artists.<br />
Ben’s shuts at 6:00pm. At the right time<br />
<strong>of</strong> year, the sunlight streams through<br />
the dusty windows as the last punters<br />
make their purchases. <strong>The</strong> old posters<br />
and sleeves which cover the walls and<br />
ceilings are briefly illuminated. In this<br />
light, their age becomes apparent, their<br />
curling edges and bleached colours take<br />
on an almost wistful sheen. In many<br />
ways, they signal the end <strong>of</strong> an era<br />
in which superstars and mega-labels<br />
dominated music. Further down the<br />
street, the same setting sun lights up<br />
another shop. Inside, the rays reflect<br />
<strong>of</strong>f the freshly wrapped CDs and vinyls<br />
<strong>of</strong> this year’s latest releases. <strong>The</strong> music<br />
industry has changed dramatically.<br />
Styles and genres have come and gone.<br />
Music continues to push the boundaries<br />
<strong>of</strong> creativity and ingenuity in a way few<br />
other art forms can. ƒ<br />
Will Baby<br />
George ever sit<br />
on the throne?<br />
Felix Clarke<br />
<strong>The</strong> popularity <strong>of</strong> the<br />
British monarchy is the<br />
highest it has been for<br />
generations.<br />
In recent years, the public has been<br />
swept up in royal mania first for the<br />
royal wedding, then for the Queen’s<br />
diamond jubilee and then again for<br />
the birth <strong>of</strong> Prince George. According<br />
to recent polling, three quarters <strong>of</strong><br />
Britons support the monarchy. Contrast<br />
this situation with other European<br />
monarchies, and one understandably<br />
feels confident <strong>of</strong> the health <strong>of</strong> our<br />
monarchy. <strong>The</strong> abdication <strong>of</strong> Juan<br />
Carlos has reignited the case for<br />
republicanism in Spain, with 51% <strong>of</strong><br />
Spaniards now supporting a referendum.<br />
In this light, there seems to be no reason<br />
why our monarchy should not remain in<br />
good health sixty years or so from now,<br />
when the now nearly one-year-old Prince<br />
George would come to the throne.<br />
Revellers brave the rain for hours<br />
to catch a glimpse <strong>of</strong> the Queen at<br />
her Diamond Jubilee pageant, 2012.<br />
However, this sustained, and indeed<br />
resurgent, popularity <strong>of</strong> the monarchy<br />
owes itself to one individual: Queen<br />
Elizabeth II is eighty-eight years old and<br />
not getting any younger. Elizabeth is<br />
warmly viewed as a distant, yet caring,<br />
matriarch. <strong>The</strong> Queen has a spotless<br />
record and, after sixty years <strong>of</strong> reign,<br />
represents continuity and stability – she<br />
will be a very tough act to follow indeed.<br />
Soon after Charles becomes King, the<br />
monarchy will start to look vulnerable.<br />
<strong>The</strong> Queen’s political reticence has been<br />
crucial in maintaining her popularity:<br />
Elizabeth has taken great care never to be<br />
seen to be in conflict with her ministers.<br />
Each year the Queen dutifully reads out<br />
her speech to parliament, with which<br />
she must have sometimes pr<strong>of</strong>oundly<br />
disagreed, without a hint <strong>of</strong> dissent.<br />
Prince Charles, on the other hand, is<br />
rightly seen as politically meddling,<br />
far too easily overcome by the urge to<br />
speak his mind. Charles has spoken out<br />
on countless political issues, criticising<br />
Tony Blair’s plans to ban fox-hunting,<br />
to name one example. Charles once<br />
even referred to the Chinese leaders<br />
as ‘appalling old waxworks’; when one<br />
considers that the Queen was recently<br />
48<br />
49
SOCIETY<br />
called upon to meet the Chinese<br />
premier on his <strong>of</strong>ficial visit to the UK,<br />
it is easy to see how Charles’s previous<br />
crass outbursts will cause problems<br />
when he is King. <strong>The</strong> Prince is known<br />
to <strong>of</strong>ten write long, disapproving letters<br />
to ministers and even hold private<br />
meetings with members <strong>of</strong> government.<br />
In their times as Prime Minister,<br />
both Margaret Thatcher and Tony<br />
Blair complained to the Queen that<br />
Charles’s numerous interventions<br />
were ‘becoming unhelpful’. Charles’s<br />
stubborn approach in this domain could<br />
not be more different from the Queen’s<br />
universally popular political alo<strong>of</strong>ness.<br />
As prince, Charles’s comments have<br />
irritated politicians and the public,<br />
and he shows no signs <strong>of</strong> reining them<br />
in as King, pledging not to be ‘confined<br />
to cutting ribbons’. An unelected head<br />
<strong>of</strong> state must be apolitical; otherwise he<br />
would quickly become viewed by the<br />
British public as just another resented<br />
politician.<br />
Queen Elizabeth is removed from<br />
the close scrutiny <strong>of</strong> the media and is<br />
surrounded by a fond mystique. <strong>The</strong><br />
Queen’s public image is always pristine:<br />
over the whole course <strong>of</strong> her sixty-year<br />
reign, she has never once put a foot<br />
wrong. Charles, on the other hand, is<br />
a known adulterer and husband <strong>of</strong> a<br />
divorcee – making him , among other<br />
things, hardly the ideal candidate to<br />
lead the Church <strong>of</strong> England. Charles’s<br />
association with the Saudi royal family,<br />
one <strong>of</strong> the most brutal autocratic regimes<br />
in the world, shows, if nothing else,<br />
that he has a lack <strong>of</strong> regard for his own<br />
public image which may prove fatal as<br />
King. <strong>The</strong> contrast between Elizabeth’s<br />
grandmotherly image and Charles’s<br />
tainted public perception is huge.<br />
Elizabeth is also admired for her<br />
perceived thrift: the Queen is a warbaby<br />
who knows the value <strong>of</strong> money.<br />
This image is invaluable in quelling<br />
public criticism <strong>of</strong> royal extravagance.<br />
This image, however, is one that the<br />
next generation <strong>of</strong> royals sadly cannot<br />
be said to share. Charles and Camilla<br />
were widely criticised for their overly<br />
extravagant renovation <strong>of</strong> Clarence<br />
House in 2002 and the younger royals<br />
are known to take luxury summer<br />
holidays, at the expense <strong>of</strong> the tax payer.<br />
<strong>The</strong> damage <strong>of</strong> perceived extravagance<br />
to the popularity <strong>of</strong> a monarch was<br />
dramatically shown in Spain in 2012.<br />
King Juan Carlos had previously been<br />
lauded for dismantling Francoism in<br />
favour <strong>of</strong> democracy and later heroically<br />
using his power as Commander-in-chief<br />
<strong>of</strong> the armed forces to stop a coup<br />
attempt in 1981. However, the King’s<br />
immense popularity took a permanent<br />
blow when, in the middle <strong>of</strong> Spain’s<br />
painful recession, he went on a lavish<br />
Prince Charles in traditional Saudi dress for a sword dance with the Saudi<br />
royal family in February this year.<br />
elephant hunt in Botswana. So great was<br />
the public outrage that Juan Carlos was<br />
eventually forced to apologise.<br />
<strong>The</strong> length <strong>of</strong> Elizabeth’s reign<br />
reinforces the sense <strong>of</strong> continuity and<br />
stability through generations, on which<br />
the monarchy depends. Any successor<br />
to the Queen will feel unfamiliar: after<br />
sixty years <strong>of</strong> Queen Elizabeth, anyone<br />
else on the throne would be an alien.<br />
<strong>The</strong> hand-over <strong>of</strong> the crown to the<br />
Queen’s successor will create damaging<br />
instability and immediately fan the<br />
embers <strong>of</strong> a long-absent republican<br />
debate. Indeed, despite William and<br />
Catherine’s immensely popular recent<br />
Australian tour, the Australian and<br />
Canadian governments have announced<br />
all but <strong>of</strong>ficially that they intend to<br />
move to republicanism after Queen<br />
Elizabeth’s death. <strong>The</strong> other thirteen<br />
overseas Commonwealth realms are sure<br />
to follow.<br />
Monarchy already seems an outdated<br />
concept. <strong>Britain</strong> is a hugely more<br />
egalitarian society than a hundred years<br />
ago. Meritocracy is now held up by<br />
many as a fundamental British value,<br />
making hereditary power unpalatable.<br />
<strong>The</strong> monarchy is an old linchpin <strong>of</strong> the<br />
traditional class system whose gradual<br />
dismantling is welcomed by many.<br />
Most Britons now tolerate the political<br />
unpalatability <strong>of</strong> the monarchy because<br />
they like the current Queen, but once<br />
she is gone, they will be far less forgiving.<br />
Furthermore, the institutions<br />
constitutionally close to the monarchy<br />
are under fire.<br />
Reform <strong>of</strong> the House <strong>of</strong> Lords is an<br />
urgent need: the chamber is growing<br />
at a wildly unsustainable rate. Once<br />
reform <strong>of</strong> this part <strong>of</strong> our constitution<br />
begins, and visions <strong>of</strong> a more modern<br />
and democratic system are drawn up,<br />
the monarchy too will come under<br />
scrutiny. Once hereditary titles, for<br />
example, are abolished for Lords, the<br />
innately hereditary monarchy will seem<br />
even more out <strong>of</strong> place. As Britons<br />
become increasingly secularist, the<br />
current position <strong>of</strong> our head <strong>of</strong> state as<br />
the Supreme Governor <strong>of</strong> the Church <strong>of</strong><br />
England looks evermore unsustainable.<br />
While Prince Charles has hinted that<br />
he could accept disestablishment <strong>of</strong> the<br />
Church by saying he would prefer to<br />
be known as ‘Defender <strong>of</strong> Faith’ rather<br />
than ‘Defender <strong>of</strong> the Faith’, once the<br />
constitutional role <strong>of</strong> the monarchy<br />
is confronted, the monarchy comes<br />
under an uncomfortable spotlight. <strong>The</strong><br />
monarchy’s ties to these unfavoured<br />
institutions make its modernisation<br />
very challenging.<br />
While Britons may now see the monarchy<br />
as a symbol <strong>of</strong> our proud heritage, and<br />
a guarantee <strong>of</strong> national identity, it only<br />
takes a generation or two for public<br />
attitudes to reverse. One easily forgets<br />
that only one hundred years ago, <strong>Britain</strong><br />
was a society which rejoiced at the onset<br />
<strong>of</strong> war and universal suffrage was still<br />
fourteen years away. British society<br />
is increasingly cosmopolitan, moving<br />
away from the kind <strong>of</strong> society easily<br />
represented by one figure head.<br />
On the other hand, as anti-political<br />
sentiment grows in the UK, the<br />
alternative to the monarchy looks<br />
steadily less appealing. Any referendum<br />
on the future <strong>of</strong> the monarchy is<br />
realistically bound to present the only<br />
alternative as an elected president.<br />
People in <strong>Britain</strong> already resent the<br />
influence <strong>of</strong> politicians in public life, so<br />
would be unaccepting <strong>of</strong> the idea <strong>of</strong> a<br />
political head <strong>of</strong> state. This aspect may<br />
be surprisingly successful in staving<br />
<strong>of</strong>f republicanism for longer than<br />
otherwise, but can do nothing to turn<br />
the tide.<br />
<strong>The</strong> monarchy may be successful and<br />
popular now, but it will quickly begin<br />
to seem irrelevant to the British public,<br />
once the Queen has passed away. If it<br />
can maintain relevance, it will be no<br />
mean feat. <strong>The</strong> likelihood, however<br />
appears to be the opposite. ƒ<br />
Has urban redevelopment<br />
been a greater<br />
success in the<br />
US than the UK?<br />
Cameron Ballard<br />
Urban re-development is<br />
a phenomenon which has<br />
become more and more<br />
popular on a global scale.<br />
With the aim <strong>of</strong> improving the<br />
efficiency <strong>of</strong> land-use in deprived urban<br />
areas, urban re-development can bring<br />
prosperity to areas where crime and<br />
poor living standards ruined the lives <strong>of</strong><br />
the locals. In fact, it occasionally occurs<br />
that areas <strong>of</strong> urban re-development<br />
can exceed the rest <strong>of</strong> the city, and<br />
can become a financial hub for trade<br />
and investment. <strong>The</strong> closest, but<br />
possibly most under-estimated example<br />
<strong>of</strong> urban re-development is Canary<br />
Wharf – arguably the current banking,<br />
legal and media centre <strong>of</strong> London, if<br />
not the UK. <strong>The</strong> shipping industry in<br />
this area <strong>of</strong> London began to decline<br />
and the ports were closed in 1980,<br />
leading to the creation <strong>of</strong> the London<br />
Docklands Development Corporation in<br />
1981, which acted as a means for the<br />
government to encourage and stimulate<br />
redevelopment in the area.<br />
High Line Street<br />
While it is <strong>of</strong>ten difficult to make<br />
comparisons between the US and the<br />
UK, due to much larger economic and<br />
physical size <strong>of</strong> the US, it is possible<br />
to compare success on a smaller scale,<br />
between two similar projects: <strong>The</strong><br />
Barbican Estate in London and <strong>The</strong><br />
Highline Project in New York.<br />
During World War II, many parts <strong>of</strong><br />
London were devastated by bombing,<br />
including the area on which the<br />
Barbican Estate now stands. It was<br />
not, however, until the 1960s that the<br />
urban regeneration commenced. Nearly<br />
ten years later, in 1969, the building<br />
was completed, <strong>of</strong>fering a home to four<br />
thousand people, living in 2,014 flats.<br />
Not only is the Barbican a residential<br />
area, but it is also Europe’s largest multiarts<br />
and conference venue, costing only<br />
£161 million to build; cheap considering<br />
this is equivalent to £400 million today.<br />
Even Her Majesty called the Estate “one<br />
<strong>of</strong> the wonders <strong>of</strong> the modern world” - so<br />
what’s the problem with it?<br />
Well, the most striking issue with<br />
the Barbican Estate is its Brutalist<br />
architecture. It takes only a five-second<br />
glance to appreciate that it is not as pretty<br />
as the Renaissance beauty <strong>of</strong> St Paul’s<br />
Cathedral. While a book should not be<br />
judged by its cover, some would argue<br />
that the Estate has acted as a scar on the<br />
City. Is this just a personal opinion? No,<br />
in 2003 the Barbican Centre was voted<br />
London’s ugliest building in a poll by<br />
Grey London. Furthermore, it’s not just<br />
the eyes, which hurt after looking at<br />
the Barbican, but prices <strong>of</strong> nearby areas<br />
have fallen. Due to the growing demand<br />
for housing in London, which has caused<br />
prices to rocket, the effect <strong>of</strong> this has<br />
been minimised significantly. Although<br />
it may look like it, the Barbican was<br />
not built as social housing, meaning<br />
that there was no intention <strong>of</strong> providing<br />
affordable housing, which is in much<br />
more demand today. A one-bedroom<br />
apartment in the Barbican could cost<br />
up to £850,000. So taking into account<br />
the eyesore on the City, not providing<br />
housing for low-income workers and<br />
50<br />
51
SOCIETY<br />
costing the equivalent to £400 million,<br />
has the Barbican Estate been a success?<br />
compared to other projects?<br />
Barbican Lake Terrace, near<br />
London.<br />
Compared to some disastrous projects<br />
such as the Hulme Crescents in<br />
Manchester (which were demolished due<br />
to their failure only nineteen years after<br />
construction), there is some weighting to<br />
support the advantages <strong>of</strong> the Barbican<br />
Estate. On the contrary there have been<br />
thousands, if not hundreds <strong>of</strong> thousands,<br />
<strong>of</strong> projects and schemes which have<br />
been much more successful, including<br />
the High Line Project.<br />
Although the High Line has not been<br />
entirely completed (the third and final<br />
phase is due to be finished by October),<br />
the success <strong>of</strong> the project is already<br />
evident. Originally a disused railway<br />
track, the High Line is an elevated,<br />
one-mile park in the bustling city <strong>of</strong><br />
Manhattan.<br />
While the High Line is “non-economic<br />
infrastructure”, it does arguably improve<br />
the quality <strong>of</strong> life <strong>of</strong> those working and<br />
living in this part <strong>of</strong> Manhattan, and has<br />
been, arguably, a greater success than<br />
the Barbican Estate.<br />
<strong>The</strong> High Line cost close to $90 million<br />
(£54 million) overall, nearly an eighth<br />
<strong>of</strong> the cost <strong>of</strong> the Barbican Estate.<br />
While the Barbican Estate became a<br />
home for many workers in the area, the<br />
High Line created $2 billion in private<br />
investment surrounding the elevated<br />
park. Considering that the High Line<br />
occupies an area ten times the size <strong>of</strong><br />
the Barbican Estate – that’s good value<br />
for money! While it is difficult to attach<br />
a monetary value to happiness and social<br />
benefits, it is most likely that people<br />
will find it easier to relax, meaning<br />
that productivity for local business<br />
should rise. Furthermore, the influx <strong>of</strong><br />
tourists and visitors to the park mean<br />
that firms and businesses should see a<br />
rise in income, due to the multiplier<br />
effect, hence the reason for such a large<br />
sum <strong>of</strong> money being invested into the<br />
surrounding area.<br />
It would be inappropriate to make<br />
assumptions on the national effectiveness<br />
<strong>of</strong> urban regeneration in the US and the<br />
UK, based solely on these two projects.<br />
However, these projects took place in<br />
potentially, the countries’ most iconic<br />
and important cities, meaning that they<br />
should give an accurate image <strong>of</strong> the<br />
successfulness <strong>of</strong> urban regeneration<br />
elsewhere.<br />
For the mentioned reasons, the High<br />
Line has been far more successful than<br />
the Barbican Estate. However, that does<br />
not mean to say that the Barbican Estate<br />
has been a failure. Recently, the Barbican<br />
Estate has been drastically improved,<br />
with green areas being installed to<br />
improve the visual aesthetics.<br />
Despite the huge success <strong>of</strong> Canary<br />
Wharf, the majority <strong>of</strong> urban redevelopment,<br />
particularly in exindustrial<br />
cities such as Manchester<br />
and Liverpool, has involved large tower<br />
blocks, <strong>of</strong>ten referred to as “cradles <strong>of</strong><br />
crime”, due to the high levels <strong>of</strong> criminal<br />
activity that they attract.<br />
Since the concept <strong>of</strong> the High Line is<br />
being copied elsewhere in the world,<br />
along with other successful projects<br />
throughout the United States, it must<br />
be concluded that urban re-development<br />
has been a greater success in the US<br />
than the UK. ƒ<br />
Should<br />
Politicians ‘Do<br />
God’?<br />
Will Cowie<br />
<strong>The</strong> issue <strong>of</strong> religion and<br />
politics is certainly a<br />
contentious one.<br />
On one side <strong>of</strong> the debate the religious<br />
peoples <strong>of</strong> the nation cry “Let us share<br />
our faith through the public sphere”.<br />
<strong>The</strong> atheists, à la Richard Dawkins,<br />
denounce religion as dangerous, a<br />
matter for autonomous individuals to<br />
make up their minds about in their own<br />
time, and certainly not an issue to be<br />
discussed in Westminster. Indeed, in an<br />
increasingly secular country, the urge to<br />
stop any form <strong>of</strong> religion from entering<br />
Westminster is strong. But I believe that<br />
there is a path through which politics<br />
and religion, like lion and lamb, could<br />
lie together.<br />
And indeed, the argument that all<br />
ideas proposed in Parliament should be<br />
discussed without any religious views<br />
encroaching is a deceptively simple one.<br />
It is very easy to think that, yes, our<br />
country and Parliament would be far<br />
fairer if the views <strong>of</strong> religious groups are<br />
left aside; that in our liberal democracy<br />
religion is not a matter worth bringing<br />
into the picture. I believe, however, that<br />
the secularisation <strong>of</strong> politics would be<br />
undemocratic. We have to remember<br />
that democracy is based upon consensus<br />
– we give each man and woman in the<br />
country a vote because we believe that<br />
their views are worth hearing. To deprive<br />
religious people <strong>of</strong> the ability to use that<br />
vote in favour <strong>of</strong> religious politicians or<br />
political parties and instead instruct<br />
that politics be determined by some sort<br />
<strong>of</strong> liberal morality and sense <strong>of</strong> debate<br />
does not make much sense in the context<br />
<strong>of</strong> the democratic nature <strong>of</strong> our country.<br />
It’s very easy to adopt the view, which is<br />
extremely prevalent at the moment, that<br />
religion is an ancient system, not fit for<br />
today’s standards – but the fact that<br />
over fifty percent <strong>of</strong> the UK population,<br />
according to the 2011 Census, would<br />
call themselves members <strong>of</strong> some kind<br />
<strong>of</strong> organised religion is, in democratic<br />
terms at least, testament against that<br />
fact.<br />
<strong>The</strong> issue with secularisation is that it<br />
contains an underlying assumption that<br />
the religious views which the people are<br />
espousing are inherently wrong. Take<br />
recent issues, like, say, the abortion<br />
debate. Attempts to try to secularise<br />
the debate – so that abortion should<br />
be determined based solely on medical<br />
advice and the idea <strong>of</strong> autonomy – does<br />
not provide a greater basis for discussion<br />
but is instead an underhand and subtle<br />
victory <strong>of</strong> the liberal worldview,<br />
because it rests upon the assumption<br />
that the religious view is in fact wrong<br />
and hence can be discarded. We cannot<br />
discuss pressing issues to our nation<br />
without considering religious views<br />
and values, especially given how many<br />
people do indeed live by such values.<br />
<strong>The</strong> secularisation <strong>of</strong> such debates is<br />
undemocratic; it deprives those religious<br />
people <strong>of</strong> a political voice.<br />
If we live in a truly democratic country,<br />
then secularisation just does not work.<br />
Depriving religious people the ability<br />
to express their own religious opinions<br />
through politics is a denial <strong>of</strong> the values<br />
<strong>Britain</strong> stands for. ƒ<br />
<strong>The</strong> Visible<br />
2012 Legacy<br />
James Acomb<br />
Two years ago this summer,<br />
it was London’s turn to put<br />
on a show <strong>of</strong> sport.<br />
<strong>The</strong> motto was ‘Inspire a Generation’<br />
and was one <strong>of</strong> the main reasons that the<br />
International Olympic Committee (IOC)<br />
chose London rather than Paris. Jacques<br />
Rogge, head <strong>of</strong> the IOC at the time <strong>of</strong><br />
London 2012 stated that London has<br />
‘created a legacy blueprint for future<br />
Games hosts’. <strong>The</strong> legacy included<br />
making two million more people in<br />
England become more active by the end<br />
<strong>of</strong> 2012.<br />
However in November 2013 the House <strong>of</strong><br />
Lords Select Committee on the Olympic<br />
and Paralympic Legacy, reported<br />
saying that although the games were an<br />
‘outstanding success’, the legacy benefits<br />
‘are in danger <strong>of</strong> faltering’. It believed<br />
there was ‘little evidence’ <strong>of</strong> an increase<br />
in the number <strong>of</strong> people participating<br />
in sport and the economic benefits were<br />
unevenly distributed. According to the<br />
Government, the Olympics added almost<br />
ten billion to the UK Economy, although<br />
it created 31,000 new jobs, 15,000 were<br />
in London and the South East and only<br />
7,000 in the North East <strong>of</strong> England.<br />
<strong>The</strong>re are concerns that this legacy may<br />
be faltering and claims in the report that<br />
little has changed but figures published<br />
in December 2013, by Sport England,<br />
showed that 15.5 million people in<br />
England play sport once a week every<br />
week, which is an increase in 1.5 million<br />
since 2004, when London won the bid.<br />
However, is this really a high enough<br />
increase for nearly ten years <strong>of</strong> work?<br />
In April 2012, the London Legacy<br />
Development Corporation (LLDC)<br />
was established for the intention <strong>of</strong><br />
continuing the legacy programme.<br />
<strong>The</strong> former Athletes Village has been<br />
remodelled for domestic use and is now<br />
called ‘East Village’ with half the homes<br />
being bought by a Qatari Wealth Fund<br />
who are investing over half a billion<br />
pounds into the area. East Village has<br />
2,818 homes and just under half are<br />
affordable homes and has twenty-seven<br />
acres <strong>of</strong> public space. <strong>The</strong> first residents<br />
moved in November 2013.<br />
In addition, there will be a new digital<br />
quarter called ‘Here East’ which replaces<br />
the Olympic Press and Broadcast Centre.<br />
It will use the pre-existing connectivity<br />
and facilities. BT Sport is situated<br />
near “Here East” in an 80,000 square<br />
foot production hub. Loughborough<br />
University is planning a centre for a<br />
thousand postgraduates. Hopefully the<br />
area will be finished by 2018.<br />
<strong>The</strong> presence <strong>of</strong> some big name<br />
companies such as the Qatari Wealth<br />
Fund has attracted other investment<br />
into the area. In addition, £325 million<br />
has been spent transforming the park<br />
after the Games. Five thousand jobs were<br />
involved in transforming park with the<br />
encouraging businesses to grow, creating<br />
more jobs. By 2030, it is anticipated<br />
52<br />
53
SOCIETY<br />
that twenty thousand jobs will have<br />
been created, and the spin-<strong>of</strong>f from this<br />
has been valued at £5 billion. London<br />
is a changing city and it’s too early to<br />
work out the benefits for fifteen years<br />
in the future.<br />
<strong>The</strong> Olympic Park was re-opened under<br />
the new name ‘Queen Elizabeth Park’ to<br />
which the public can enjoy 6.5 km <strong>of</strong><br />
waterways, three new schools , 8,000-<br />
11,000 new homes, 257 acres <strong>of</strong> open<br />
space, an Energy Centre, 1000 parking<br />
spaces, together with two thousand<br />
events hosted per year along with five<br />
world class sporting arenas. <strong>The</strong> Lee<br />
Valley Hockey and Tennis Centre in<br />
the park will open by the end <strong>of</strong> June<br />
2014. <strong>The</strong> new Queen Elizabeth Park<br />
is 560 acres and Denis Hone, Chief<br />
Executive <strong>of</strong> LLDC stated, ‘We have<br />
created a magnificent park for London<br />
with beautiful parklands’. <strong>The</strong> LLDC<br />
estimate that by 2016, 9.3 million<br />
people will visit the park per year.<br />
<strong>The</strong> LLDC is also going to build five<br />
new neighbourhoods and also improve<br />
some existing areas around the park.<br />
<strong>The</strong>se areas are designed to complement<br />
and extend the communities they are<br />
already in. An example <strong>of</strong> one <strong>of</strong> the<br />
neighbourhoods is Chobham Manor.<br />
This project will be co-developed<br />
between Taylor Wimpey and LLDC.<br />
Seventy-five percent <strong>of</strong> the housing will<br />
be family properties together with two<br />
nurseries and a walk-in health centre.<br />
By 2015 residents will start to move<br />
into 828 homes, <strong>of</strong> which a third will be<br />
affordable, and it will be completed by<br />
2020 including a new school. However,<br />
are there enough affordable homes?<br />
Chobham Manor is only proposing<br />
thirty-three percent and East Village<br />
fifty percent. Price houses for London<br />
have increased by twenty-nine percent<br />
and so people on low to middle incomes<br />
are finding it almost impossible to buy<br />
a home in London and this will become<br />
worse by the time they are completed.<br />
Surely the answer as a requirement is<br />
to have at least sixty percent <strong>of</strong> all new<br />
neighbourhoods should be affordable<br />
homes otherwise there is a real risk that<br />
the area may become housing for the<br />
rich.<br />
<strong>The</strong>re are other neighbourhood areas<br />
such as East Wick, which will have 870<br />
new homes and Sweetwater which will<br />
have 650 homes. <strong>The</strong>y will be situated<br />
on western edge. Sweetwater will have<br />
private gardens, communal green spaces<br />
along the Lea Navigation whereas<br />
East Wick will have a business and<br />
<strong>The</strong> London Olympic Swimming pool has recently opened to the public.<br />
commercial centre as it is situated near<br />
to Here East. However, at the moment<br />
no developers have signed contracts for<br />
these projects. Does this mean that they<br />
won’t be built by 2030? It does really<br />
appear despite the massive demand for<br />
homes in London, this part <strong>of</strong> the legacy<br />
is proceeding at a slower rate than<br />
people expected.<br />
In addition to working on neighbourhoods<br />
inside the Park, the LLDC have worked<br />
on projects around it. For example,<br />
Glasshouse Gardens will be a £1.3<br />
billion commercial and residential<br />
scheme. It will be completed by 2017,<br />
with up to three bedroom homes that<br />
have views facing the Stadium, Orbit<br />
and Aquatics Centre. In addition, a<br />
new twenty-six-acre development called<br />
Strand East will be built with 1,200<br />
homes and a 350 bedroom hotel.<br />
However, some <strong>of</strong> the housing will not be<br />
complete until 2017 and some areas not<br />
until 2030. Is this too long for people to<br />
wait for new housing areas?<br />
Finally, the LLDC are trying to make<br />
the area as sustainable as possible by<br />
2030 with key themes such as energy<br />
conservation, waste management,<br />
biodiversity and conservation, with<br />
over two thousand trees being planted<br />
and one hundred acres <strong>of</strong> bio-diverse<br />
habitat.<br />
Much has changed since 2012 although<br />
there have been numerous press<br />
complaints that the initial transformation<br />
<strong>of</strong> the park and its re-opening took too<br />
long and that whilst Chobham Manor<br />
has been started and the homes are on<br />
sale, much <strong>of</strong> the other neighbourhood<br />
areas and housing redevelopment have<br />
yet to be started. Given the demand<br />
for housing, it is surprising that more<br />
<strong>of</strong> the neighbourhoods have not been<br />
developed and the LLDC must watch<br />
carefully so that what appears to be a<br />
slow momentum is not lost entirely.. ƒ<br />
Is the UK a<br />
Christian<br />
country?<br />
Jonathan French<br />
In April 2014 David<br />
Cameron said that the UK<br />
is a Christian country and<br />
that we should be “more<br />
confident about our status<br />
as a Christian country”.<br />
<strong>The</strong>se comments have sparked a new<br />
debate on this topic and prompted a letter<br />
to the Daily Telegraph by fifty prominent<br />
individuals including authors, eminent<br />
pr<strong>of</strong>essors and scientists which said that<br />
this characterisation <strong>of</strong> <strong>Britain</strong> ‘fosters<br />
alienation and division in our society’.<br />
<strong>The</strong>re are plenty <strong>of</strong> statistics which<br />
support this response. Church<br />
attendances have fallen steadily with the<br />
Church <strong>of</strong> England’s figures claiming<br />
that 800,000 people would have<br />
attended a service on a typical Sunday<br />
in 2012, half the numbers attending in<br />
1968. Furthermore, in the 2011 Census,<br />
only twenty percent <strong>of</strong> people described<br />
themselves as belonging to the Church<br />
<strong>of</strong> England, down from forty percent in<br />
1983.<br />
Mr Cameron’s claim seems to be<br />
weakened by the waning influence <strong>of</strong><br />
Christianity on the laws in the UK.<br />
Laws relating to abortion and same-sex<br />
marriage in particular seem to oppose<br />
Christian teachings. <strong>The</strong>se laws were<br />
introduced despite vocal opposition from<br />
religious groups. Laws in the UK are<br />
increasingly moving away from what is<br />
taught in the Bible and this can be seen<br />
as evidence <strong>of</strong> the declining influence <strong>of</strong><br />
Christianity in this country.<br />
Christianity also seems to have a<br />
declining influence in society. It used to<br />
be the norm that Sunday would be a day<br />
<strong>of</strong> rest for the majority <strong>of</strong> the country<br />
with most shops being closed. However,<br />
this is not the case today: most shops<br />
remain open and life seems to carry on<br />
as normal. <strong>The</strong> increasing number <strong>of</strong><br />
places <strong>of</strong> worship for other faiths in the<br />
UK would appear to symbolise how the<br />
UK is drifting away from Christianity.<br />
Immigration has resulted in a multitude<br />
<strong>of</strong> different faiths in the UK. While<br />
Christianity is still the largest faith by<br />
number, there are now over 3.3 million<br />
Muslims in the UK. This presents a clear<br />
case that Mr Cameron was going too far<br />
when he labelled the UK as a ‘Christian<br />
country’.<br />
However, this ignores the fact that there<br />
is an established Church in this country.<br />
Its bishops sit in the House <strong>of</strong> Lords;<br />
the Queen is supreme governor <strong>of</strong> the<br />
Church <strong>of</strong> England and holds the title<br />
Defender <strong>of</strong> the Faith. <strong>The</strong> UK has a vast<br />
Christian heritage and Christianity is<br />
intertwined with the UK constitution.<br />
Harry Cole, an agnostic journalist, wrote<br />
in <strong>The</strong> Spectator that it is impossible<br />
to deny the UK is a Christian country<br />
without attempting to ‘rewrite history<br />
and ignore our heritage’.<br />
<strong>The</strong> fact that fifty-nine percent <strong>of</strong><br />
people in England and Wales described<br />
themselves as Christian in the 2011<br />
Census <strong>of</strong>fers further confirmation that<br />
the UK is still a Christian country. Even<br />
though this was four million down on<br />
the 2001 figure, it is still a majority<br />
<strong>of</strong> UK residents who say that they are<br />
Christian.<br />
Yet the most convincing evidence that<br />
the UK is a Christian country lies not in<br />
how many people describe themselves as<br />
Christian but in the role <strong>of</strong> Christianity<br />
in society. School holidays around<br />
Christmas and Easter are there for<br />
Christian events.<br />
Christian principles are taught in<br />
nearly every school in the country.<br />
Parables such as the Good Samaritan<br />
which teach us to love our neighbours<br />
are still taught and are the bedrock<br />
<strong>of</strong> what people would describe as good<br />
and morally upstanding behaviour. <strong>The</strong><br />
values taught by Christianity are valued<br />
enormously in our society. Atheists and<br />
Christians alike tend to aspire towards<br />
the same values <strong>of</strong> selflessness and<br />
doing good for others. This stems from<br />
Christian beliefs.<br />
Moreover, the fact that so many different<br />
religions can be followed freely in the<br />
UK displays the tolerance that is bred<br />
from Christian beliefs. Christianity has<br />
played a vital part in creating the free<br />
society which we enjoy today.<br />
In this letter to the Daily Telegraph, it<br />
was claimed that “We are a plural society<br />
with a range <strong>of</strong> perspectives, and we are<br />
a largely non-religious society”. This<br />
ignores the influence that Christianity<br />
has had on the UK throughout history.<br />
Christian beliefs have shaped the<br />
country that we live in today so Mr<br />
Cameron was justified in characterising<br />
the UK as a ‘Christian country’. Even in<br />
an age where tradition is unfashionable,<br />
we should look to our roots and realise<br />
that our identity and Christianity are<br />
inextricably linked.<br />
Our future being uncertain, now is<br />
about the right time to recognise that<br />
fact. ƒ<br />
54<br />
55
SOCIETY<br />
Can pro gaming<br />
be a real<br />
career?<br />
Sam Norman<br />
<strong>The</strong> current prize pool for<br />
the major competition,<br />
known as <strong>The</strong> International<br />
4, <strong>of</strong> popular computer<br />
game ‘Dota 2’ stands at<br />
over eight million dollars.<br />
When shared out, the winning team, <strong>of</strong><br />
five people and a number <strong>of</strong> coaches,<br />
could stand to get over $500,000 each.<br />
This sum also does not include the<br />
large amounts earned from potential<br />
sponsorship, other competitions<br />
throughout the year, merchandising,<br />
online streaming <strong>of</strong> game play (George<br />
“HotshotGG” Georgallidis, a League <strong>of</strong><br />
Legends player was earning over $2000<br />
per day simply by streaming on Twitch),<br />
Youtube channels and other potential<br />
revenue streams. It would seem that<br />
the winners <strong>of</strong> the Dota 2 International<br />
4 will be in line for earnings higher<br />
than ever before seen in the history <strong>of</strong><br />
pro gaming, more commonly known as<br />
esports.<br />
<strong>The</strong>re is evidently a lot <strong>of</strong> money in pro<br />
gaming. But that does not necessarily<br />
mean it is a viable career choice. A<br />
career needs some form <strong>of</strong> sustainability;<br />
it needs to be something you can do for<br />
your whole life. This sustainability does<br />
not seem to exist within pro gaming.<br />
A good gamer requires good reaction<br />
speeds. However, at the age <strong>of</strong> thirty,<br />
your reaction speeds begin to peak <strong>of</strong>f.<br />
When your reaction speeds begin to<br />
slow, then you’re not as good at those<br />
quick reactions, to the other player who<br />
tosses a grenade as you turn the corner or<br />
the enemy team who decide to surprise<br />
attack and ‘gank’ you from behind the<br />
fog <strong>of</strong> war. While the difference between<br />
0.1 and 0.2 seconds may seem negligible<br />
to most, for the pro gamer, this could<br />
mean the difference between surviving<br />
and diving away, with a pro-as-heck<br />
escape, or dying and having to wait to<br />
respawn while the enemy capture and<br />
objective, take a tower or simply laugh<br />
at your noobiness. <strong>The</strong>se reaction speeds<br />
are therefore crucial to the success <strong>of</strong> a<br />
pro gamer; when they are gone, they<br />
are going to be less successful, winning<br />
fewer tournaments and thus earning less<br />
money. <strong>The</strong> pro gamer thus has a limited<br />
period in which they could make money<br />
from their ability.<br />
But this is the same for all sportsmen,<br />
right? Yes, it is, but due to the size <strong>of</strong><br />
these sports, there are places for the<br />
players to go – footballers can become<br />
coaches, managers or any number <strong>of</strong><br />
positions within the sport. Pro gaming<br />
is a much smaller industry, and while<br />
there are coaches and managers, these<br />
positions are few and far between. Many<br />
gaming teams cannot afford to support<br />
themselves, let alone managers, coaches,<br />
PR managers, personal assistants,<br />
merchandise managers or masseuses. <strong>The</strong><br />
opportunities that present themselves<br />
once the pro gamer has gotten too old to<br />
compete are limited, making it a career<br />
with very few options once you have<br />
stopped competing.<br />
However, it is perhaps just speculation<br />
to talk about what would happen<br />
‘after’ the careers <strong>of</strong> these gamers has<br />
ended as we simply do not have enough<br />
evidence. <strong>The</strong> pro gaming scene has not<br />
been around long and those that have<br />
retired seem to have found other jobs:<br />
many have gone on to be casters (such<br />
as Troels “SyndereN” Nielsen <strong>of</strong> ‘Dota<br />
2’ or Nick “Tasteless” Plott <strong>of</strong> ‘Starcraft<br />
2’); many have gone on to own and<br />
manage teams and many have gone into<br />
other games- card games, mainly poker,<br />
which attracts a large number <strong>of</strong> players<br />
from the strategy game ‘Starcraft 2’.<br />
It would seem that there are positions<br />
available for these pro gamers once they<br />
retire, even if it would seem like there<br />
wouldn’t be.<br />
<strong>The</strong> problem<br />
with the<br />
Cannabis debate<br />
Sam Lewis<br />
420 blaze it: the rally call<br />
<strong>of</strong> cannabis users all over<br />
America.<br />
Or so it may seem. When you picture a<br />
cannabis user, it’s probably the classic<br />
pot head, in his mother’s basement, hair<br />
in a mess and wearing a t-shirt with a<br />
vibrant print. It would seem that these<br />
are the people who would care about the<br />
marijuana debate; but this is untrue.<br />
<strong>The</strong> deb ate over the legalization <strong>of</strong><br />
marijuana, especially in the USA, is<br />
no longer for the service <strong>of</strong> a minority<br />
<strong>of</strong> pot-smoking stoners but is instead a<br />
grand debate that takes place as much<br />
in the government buildings as in the<br />
basements <strong>of</strong> matriarchal domiciles. I<br />
would say that this is the major issue<br />
with the modern marijuana debate.<br />
Those adamantly for the legalization<br />
and those adamantly opposed to it seem<br />
to believe it is a big issue that is going<br />
to affect everyone, no matter where they<br />
live. In fact, this is not entirely true.<br />
<strong>The</strong> debate over marijuana is not about<br />
civil rights and liberties, like some<br />
would make you to believe- it is about<br />
whether or not a drug, with medicinal<br />
benefits, should be allowed to be used<br />
by the general public. Sure, maybe by<br />
criminalizing it you deny people the<br />
right to put into their body what they<br />
want and give the state power over<br />
everyone’s private life. But ultimately, all<br />
those who debate the drug’s legalization<br />
should be concerned with is whether or<br />
not it is dangerous and whether or not to<br />
punish those who possess it. <strong>The</strong> debate<br />
over marijuana, it would seem, has lost<br />
its theme and has turned into a grand<br />
debate over civil liberties.<br />
<strong>The</strong>refore, I propose that the debate<br />
should be refocused: talk only <strong>of</strong> the<br />
drug and its effect and do not treat it<br />
as a grand metaphor for civil liberties<br />
because it is not, it is a plant- we don’t<br />
have these debates over whether the<br />
state should limit the possession <strong>of</strong><br />
deadly cacti. Marijuana, it has been<br />
proven, is not as dangerous as first<br />
thought and, in fact, has many medicinal<br />
benefits. It would seem silly, therefore,<br />
to deny people their right to this drug<br />
in a medical capacity. While other drugs<br />
may also be effective, marijuana is a<br />
relatively cheap, natural source <strong>of</strong> pain<br />
relief. So, in at least a medical capacity,<br />
it would seem almost illogical to deny<br />
the drug to those who would benefit<br />
from it.<br />
Punishment for possession is also a<br />
ridiculous concept- in the USA, 40,000<br />
people are arrested each year due to<br />
marijuana possession. While this figure<br />
may not be high, certainly not by the<br />
USA’s standards, it still shows that<br />
many are arrested for what is not in<br />
the interests <strong>of</strong> the tax-payers funding<br />
the police force and the prisons. <strong>The</strong><br />
resources could be better used on other<br />
cases or even on better training for<br />
police <strong>of</strong>ficers, which in the USA is<br />
sorely needed. <strong>The</strong>re are many options<br />
that are more worthy than the arrest <strong>of</strong><br />
people for possession <strong>of</strong> marijuana. ƒ<br />
We don’t know whether pro gaming<br />
is a viable career- we can see when<br />
the current generation <strong>of</strong> gamers have<br />
retired, whether they can continue to<br />
make good amounts <strong>of</strong> money, whether<br />
it will be gg wp no re, or whether they<br />
will make no money at all and turn into<br />
noobs and scrublords. But with the rise<br />
<strong>of</strong> pro gaming, especially in Eastern<br />
Asia, I am almost certain that, one day,<br />
it will be a career. In the meantime, I<br />
would strongly suggest that you stick to<br />
your studies - we’re a long way from the<br />
ultimatum in 2014. ƒ<br />
56<br />
57
MEDIA & SPORT<br />
Sport and media are two aspects <strong>of</strong> modern life that we cannot escape. Every day there is one sporting<br />
event or other and the media now cover all aspects <strong>of</strong> daily life from the sporting events <strong>of</strong> the days<br />
before to significant events in the world such as democratic elections.<br />
It is important that we take a deeper look at the media and the world <strong>of</strong> sport because all too <strong>of</strong>ten great injustices<br />
and problems arise. Whether it is the phone hacking scandal <strong>of</strong> the News <strong>of</strong> <strong>The</strong> World, the internet providers <strong>of</strong><br />
America that wish to end Net Neutrality or the inner workings <strong>of</strong> FIFA, we find ourselves demanding answers.<br />
<strong>The</strong> sport and the media seem to go hand in hand nowadays where every sporting action is picked apart by the<br />
news reporters on television, online and in the newspapers. Due to the important role that these topics play in our<br />
lives, such as what we know about in the goings on in the world comes from the news channels provide, I attach the<br />
upmost importance to them both.<br />
Chris Ranson, Section Editor<br />
<strong>The</strong> changing<br />
role <strong>of</strong> finance<br />
in county<br />
cricket<br />
Jonathan French<br />
From an outsider’s<br />
perspective, it may seem<br />
that the eighteen firstclass<br />
counties around the<br />
country are only active<br />
during the summer months<br />
and sit dormant during<br />
the winter, waiting for the<br />
season to begin again.<br />
However, this is not a viable business<br />
plan.<br />
Counties are by no means guaranteed<br />
a pr<strong>of</strong>it on ticket sales alone. Crowds<br />
for the County Championship are small<br />
and show no signs <strong>of</strong> getting larger due<br />
to most <strong>of</strong> the cricket being played<br />
midweek when people are either at<br />
work or at school. <strong>The</strong> only reliable<br />
source <strong>of</strong> income from ticket sales is<br />
the twenty-over competition, rebranded<br />
for 2014 as the Natwest T20 Blast. As<br />
always with cricket, the threat <strong>of</strong> rain<br />
adds further financial uncertainty to<br />
the mix with the potential for entire<br />
matches to be washed out. If a lucrative<br />
home T20 match were washed out, this<br />
could result in the loss <strong>of</strong> over £50,000<br />
in ticket sales due to refunded tickets<br />
and the lost opportunity <strong>of</strong> selling food,<br />
drinks and souvenirs at the ground.<br />
<strong>The</strong> result is that hosting cricket matches<br />
does not guarantee a pr<strong>of</strong>it for many<br />
<strong>of</strong> the counties in the English game.<br />
Richard Gould, the chief executive <strong>of</strong><br />
Surrey CCC, said that only around<br />
£2 million <strong>of</strong> the club’s £26.5 million<br />
turnover comes from the domestic<br />
game. Surrey is very fortunate in that<br />
it has a relatively large ground with a<br />
capacity <strong>of</strong> 23,500 and hosts regular<br />
international cricket, for which strong<br />
ticket sales are a given.<br />
Where does that other £24.5 million<br />
come from? This is the area <strong>of</strong> finance<br />
in county cricket that many casual<br />
observers fail to appreciate. Surrey CCC<br />
has a vast network <strong>of</strong> sponsors including<br />
Kia, OCS, Octopus Investments and<br />
Savills. <strong>The</strong> club regularly makes use<br />
<strong>of</strong> its facilities by hosting events and<br />
conferences. This is a reliable source <strong>of</strong><br />
revenue for many county cricket clubs<br />
since the majority have the necessary<br />
facilities to host corporate events.<br />
Since the recession hit <strong>Britain</strong> in 2008,<br />
county cricket clubs have been forced<br />
to diversify the products that they <strong>of</strong>fer.<br />
Surrey CCC has arguably led the way<br />
in operating in a financially sustainable<br />
manner but that is very dependent<br />
on its central London location and<br />
the benefits that it brings such as the<br />
excellent access.<br />
Some other counties are not so fortunate<br />
with their location and have had to find<br />
other ways <strong>of</strong> generating revenue. Far<br />
away from the bright lights <strong>of</strong> the London<br />
and Surrey CCC is Northamptonshire<br />
CCC. Its ground on Wantage Road is<br />
one <strong>of</strong> the smallest on the county circuit<br />
with a capacity <strong>of</strong> just 6,500. However,<br />
it has made use <strong>of</strong> its land by hosting a<br />
concert by Sir Elton John in 2013 which<br />
was such a success for the club that they<br />
are hosting another concert this year<br />
where Sir Tom Jones will be performing.<br />
<strong>The</strong>se events are incredibly important<br />
for small clubs like Northamptonshire<br />
which do not host international cricket<br />
and do not receive much from ticket<br />
sales due to the small capacity <strong>of</strong> their<br />
grounds.<br />
Such is the onus on being able to host<br />
corporate events and the like that<br />
many counties have spent millions<br />
on redeveloping their grounds so<br />
that they have the facilities to attract<br />
new customers. Lancashire CCC has<br />
undertaken extensive redevelopment on<br />
their Old Trafford ground for this reason<br />
with the pavilion being redeveloped and<br />
the construction <strong>of</strong> <strong>The</strong> Point, a striking<br />
£12 million feature that can be used<br />
for both cricket matches and corporate<br />
functions.<br />
<strong>The</strong> Point promises to reap huge<br />
financial rewards for Lancashire<br />
because it is a state-<strong>of</strong>-the-art facility<br />
which can be used in many ways from<br />
hosting conferences and events to simply<br />
watching the cricket. In some sense, this<br />
represents a commercialisation <strong>of</strong> the<br />
sport in a way similar to football and the<br />
major US Sports.<br />
County cricket has undergone somewhat<br />
<strong>of</strong> a revolution over the last fifteen or<br />
so years with the advent <strong>of</strong> twenty-over<br />
cricket. <strong>The</strong> sport is more pr<strong>of</strong>essional<br />
now than it ever has been. <strong>The</strong> <strong>of</strong>f-field<br />
activities <strong>of</strong> county cricket have become<br />
ever more important in this period.<br />
<strong>The</strong> first-class counties are now run as<br />
businesses not just as cricket clubs. Offfield<br />
activities are becoming ever more<br />
important and no county wants to be<br />
left behind. ƒ<br />
58<br />
59
MEDIA & SPORT<br />
Dark days for<br />
conventional<br />
TV?<br />
Jan Thilakawardana<br />
Can you imagine a world<br />
where TVs are no longer<br />
needed?<br />
Nowadays phones, tablets and iPods have<br />
the power to display TV programmes, so<br />
are we to conclude that the traditional,<br />
cumbersome television set is redundant?<br />
<strong>The</strong> television does provide a family<br />
viewing experience inconvenient and<br />
uncomfortable on tablets or phones. For<br />
pro<strong>of</strong> <strong>of</strong> the survival <strong>of</strong> the traditional<br />
ritual <strong>of</strong> gathering to watch television,<br />
one needs to look no further than the<br />
World Cup. An estimated fifteen<br />
million people watched England’s first<br />
match, many <strong>of</strong> them at bars or pubs or<br />
at home in large groups.<br />
While young people turn away from<br />
televisions to newer technologies, TVs<br />
<strong>of</strong>fer a very valuable familiarity for<br />
older viewers with less technological<br />
nous.<br />
Web series developed on sites such<br />
as Youtube have begun to rival<br />
conventional television media, due to<br />
improvements in picture quality, scripts<br />
and acting. However, TV manufacturers<br />
have adapted to this new phenomenon<br />
by developing smart TVs which are able<br />
to display web series. Furthermore,<br />
the large display remains the most<br />
immersive way to enjoy the web series.<br />
<strong>The</strong> USA provides some <strong>of</strong> the best<br />
TV programmes on the planet such as<br />
Breaking Bad and <strong>The</strong> Walking Dead.<br />
While American programmes take<br />
weeks or months to be aired on British<br />
television, they can be accessed online<br />
by British viewers as soon as they are<br />
released over the Atlantic, via platforms<br />
such as Netflix. <strong>The</strong> American ISP,<br />
Verizon, has even put in place a deal<br />
with Netflix to increase WiFi speeds<br />
four-fold in order to introduce 4K Ultra<br />
HD so that viewers can experience the<br />
best possible picture quality.<br />
One modern phenomenon which<br />
reinforces the need for a traditional<br />
television set is ‘dual device’ viewing.<br />
Younger viewers in particular are now<br />
accessing social media via their tablets<br />
and handsets at the same time as<br />
watching a television programme. Thus,<br />
viewers are able to instantly share their<br />
reactions to the programme online.<br />
<strong>The</strong> rise <strong>of</strong> television programmes on<br />
devices other than the traditional screen<br />
may seem to herald the end <strong>of</strong> the TV<br />
as we know it, but the two forms <strong>of</strong><br />
viewing need not be incompatible. As<br />
long as there is demand for comfortable,<br />
immersive viewing, the tradition <strong>of</strong> telly<br />
will never be switched <strong>of</strong>f. ƒ<br />
Why would you<br />
host the World<br />
Cup?<br />
Chris Ranson<br />
Host countries are left with<br />
massive debt, while FIFA<br />
laugh all the way to the<br />
bank...<br />
First <strong>of</strong> all, the millions <strong>of</strong> football<br />
fans coming into the country, spending<br />
their money on accommodation and<br />
food, boost the economy. <strong>The</strong> Brazilian<br />
economy will be boosted by $90 billion<br />
according to Aldo Rebelo, the country’s<br />
Minister <strong>of</strong> Sport. Another positive is<br />
that the World Cup generates many jobs<br />
both short and long term. Again, using<br />
Brazil as an example, 3.6 million jobs<br />
were apparently generated by the World<br />
Cup. Of course, the excitement that<br />
comes with hosting, arguably, the most<br />
prestigious tournament in the world<br />
gives it a powerful allure for prospective<br />
host nations. Brazil hosts the World Cup<br />
in 2014 and, as a nation notorious for its<br />
love <strong>of</strong> a party one <strong>of</strong> the world’s biggest<br />
footballing countries, surely Brazilians<br />
are ecstatic to be hosting the World Cup.<br />
However, there are many reasons why the<br />
people <strong>of</strong> Brazil are not enthused; more<br />
than one <strong>of</strong> those reasons is because <strong>of</strong><br />
FIFA.<br />
FIFA have a full and comprehensive tax<br />
exemption in the country that is hosting<br />
the World Cup. This means that the host<br />
country must agree to forgo potential<br />
tax revenue, for the benefit <strong>of</strong> FIFA,<br />
costing Brazil $250million this year.<br />
In addition, since FIFA are a charitable<br />
organisation, they hardly pay any<br />
tax themselves in Switzerland, where<br />
they are based, anyway. What is even<br />
more shocking is that for a non-pr<strong>of</strong>it<br />
organisation, they have an enormous<br />
reserve fund <strong>of</strong> over $1 billion. When a<br />
charitable, non-pr<strong>of</strong>it organisation has a<br />
reserve <strong>of</strong> such a vast quantity, serious<br />
questions must be asked.<br />
FIFA argue that they leave much benefit<br />
behind when the World Cup is over,<br />
for example, new laws. In Brazil, in<br />
2003, alcoholic drinks were banned<br />
from stadiums due to the unusually<br />
high death rate among fans, mostly<br />
due to excessive alcohol consumption.<br />
However, one <strong>of</strong> FIFA’s main sponsors,<br />
Budweiser, produces beer, a product<br />
which (and this should come as no<br />
surprise) contains alcohol – so is surely<br />
just as harmful as drinks <strong>of</strong> similar<br />
alcoholic concentrations. FIFA did not<br />
agree, wading into the matter to protect<br />
their sponsor from the alcohol ban.<br />
Despite the urges <strong>of</strong> the Health Minister<br />
<strong>of</strong> Brazil, Brazil passed the ‘Budweiser<br />
bill’ allowing the sale <strong>of</strong> Budweiser<br />
within football arenas across Brazil<br />
.<br />
Finally, FIFA take most <strong>of</strong> the pr<strong>of</strong>its<br />
<strong>of</strong> the World Cup with them when they<br />
leave. At least $4 billion will come out <strong>of</strong><br />
Brazil as FIFA’s pr<strong>of</strong>its. Despite Brazil<br />
paying for all the cost <strong>of</strong> the World Cup,<br />
most <strong>of</strong> the money generated from it<br />
leaves when FIFA leaves. With Brazil’s<br />
projected total cost the World Cup<br />
coming to around $14 billion, Brazil are<br />
set to make a considerable loss. Even the<br />
added infrastructure is not a bonus.<br />
Brazil’s government spent $270 million<br />
dollars on the stadium in Manaus, which<br />
will host only four games across the<br />
duration <strong>of</strong> the World Cup, including<br />
the first England game. <strong>The</strong>re is no<br />
local club close enough to fill it after<br />
the World Cup as the town <strong>of</strong> Manaus is<br />
almost inaccessible by car. This stadium<br />
is a serious eye-sore for the town <strong>of</strong><br />
Manaus and will serve as a reminder <strong>of</strong><br />
the amount <strong>of</strong> money wasted by hosting<br />
the World Cup.<br />
With staggering costs and very little<br />
benefit, once the FIFA whirlwind has<br />
finished dipping its hand into the<br />
pr<strong>of</strong>its, the continued desire <strong>of</strong> many<br />
countries to host the World Cup is a<br />
mystery to me. ƒ<br />
<strong>The</strong> Changing<br />
Fortunes <strong>of</strong><br />
Manchester<br />
United<br />
Jan Thilakawardana<br />
<strong>The</strong> Red Devils just<br />
completed one <strong>of</strong> their<br />
worst seasons in living<br />
memory - will their luck<br />
change?<br />
Simply put, Manchester United was a<br />
club in turmoil (by their l<strong>of</strong>ty standards)<br />
at the end <strong>of</strong> the 2013/14 season. No<br />
<strong>of</strong>ficial manager, no marquee signing<br />
for the season and most importantly<br />
no European foot-ball. Now most clubs<br />
can afford an <strong>of</strong>f season; especially if<br />
they avoid relegation. Not Manchester<br />
United. <strong>The</strong> famous Red Devils were<br />
the first sports team to be valued at<br />
over $3 billion by Forbes (January<br />
2013) and have traditionally been a<br />
very pr<strong>of</strong>itable enterprise. Nike has a<br />
twelve-year merchandise sponsorship<br />
which is valued at £303 million along<br />
with General Motors’s shirt sponsorship<br />
which is in place from 2014-2021<br />
valued at $559 million. <strong>The</strong> pressure<br />
placed on the club is enormous: without<br />
success and trophies, all this investment<br />
will surely vanish.<br />
<strong>The</strong> squad which won the title in 2013<br />
was generally regarded as a squad in<br />
transition. <strong>The</strong> team contained players<br />
who were reaching the end <strong>of</strong> their<br />
careers, such as Rio Ferdinand, along<br />
with youngsters who possessed little<br />
match experience, such as Adnan<br />
Januzaj. Fast-forward twelve months<br />
and the club endured one <strong>of</strong> the worst<br />
seasons in living memory; it was the<br />
first time Manchester United had not<br />
finished in the top three since 1990.<br />
With the benefit <strong>of</strong> hindsight, many<br />
pundits now recognise that the summer<br />
<strong>of</strong> 2013 <strong>of</strong>fered the perfect chance to<br />
rebuild and strengthen the squad, which<br />
was sadly missed.<br />
Manchester United had created an<br />
ideal situation for the summer <strong>of</strong> 2013:<br />
Premier League Winners, European<br />
football secured and money to spend.<br />
<strong>The</strong>n was the best possible opportunity<br />
to go out and buy two or three world<br />
class players. Fabregas was courted with<br />
three bids which resulted in nothing<br />
(ironically he will be playing next season<br />
for Chelsea, who secured his services for<br />
a deal cheaper than United’s highest<br />
bid by £10 million). By deadline day,<br />
the club still had secured no world-class<br />
players. While Arsenal had Ozil secured<br />
and Willian had been added to the<br />
Chelsea ranks, Moyes bought Fellaini<br />
for £27.5million – a sum later revealed<br />
to be higher than his expired buy out<br />
close. This addition to the squad turned<br />
out to be futile: Fellaini did not score<br />
in the Premier League. Although Juan<br />
Mata was a player <strong>of</strong> real class (to add<br />
to the growing crowd <strong>of</strong> number-tens at<br />
Manchester United), his inflated price<br />
tag <strong>of</strong> £37.1 million was considered more<br />
beneficial to Chelsea than Manchester<br />
United.<br />
<strong>The</strong> Premier League has just witnessed<br />
one <strong>of</strong> the best title races ever. <strong>The</strong><br />
money <strong>of</strong> Manchester City combined<br />
with Everton’s spirit <strong>of</strong> adventure and<br />
the youth <strong>of</strong> Southampton created even<br />
contests at both the top and bottom <strong>of</strong><br />
the table this year. Manchester United<br />
must step up their game to ensure they<br />
remain competitive next season. One<br />
part <strong>of</strong> the agenda which has fortunately<br />
60<br />
61
MEDIA & SPORT<br />
now been sorted is the manager.<br />
David Moyes had only one piece<br />
<strong>of</strong> silverware to show for his whole<br />
managerial career: the Division Two title<br />
with Preston. Many believe that Moyes<br />
was always the wrong appointment due<br />
to the trophy-per-season expectation<br />
<strong>of</strong> the demanding Manchester United<br />
fans and board, but Sir Alex Ferguson’s<br />
wishes could not have been ignored.<br />
Moyes’s future at the club was already<br />
placed under the huge weight <strong>of</strong> the<br />
expectation that he could emulate<br />
Ferguson’s, even in a small way. Moyes’s<br />
downfall was his inability to handle the<br />
pressure <strong>of</strong> leading a big-name club<br />
such as Manchester United, perfectly<br />
illustrated by his panic buy <strong>of</strong> Fellaini<br />
last summer. <strong>The</strong> Manchester United<br />
board has learnt from its mistakes and<br />
now Louis van Gaal will be leading the<br />
Manchester based club next season.<br />
<strong>The</strong> Dutchman has proven himself as a<br />
winner throughout Europe, leading huge<br />
clubs such as Barcelona and Bayern<br />
Munich. <strong>The</strong> Dutch national side has<br />
been producing outstanding football<br />
under his leadership.<br />
Qualifying to play European football<br />
in the 2015/16 season is an achievable<br />
target for Manchester United. <strong>The</strong><br />
opportunity to play in European<br />
football is normally very attractive<br />
to prospective players, but due to the<br />
team’s failure to qualify last season to<br />
play in Europe in 2014/15, world-class<br />
players for next season will have to be<br />
attracted by large salaries alone. A new<br />
back four, a midfield powerhouse and a<br />
winger are the main holes to fill for the<br />
squad over the summer. I have faith that<br />
Van Gaal will spend wisely. <strong>The</strong>re is no<br />
doubt that the likes <strong>of</strong> Manchester City,<br />
Chelsea, Liverpool, Arsenal and Everton<br />
will strengthen even further over the<br />
summer but under Van Gaal, United has<br />
a bright future and a chance to right the<br />
wrongs <strong>of</strong> the past year for themselves<br />
and the fans. ƒ<br />
Football: more<br />
than just a<br />
sport?<br />
Alex Goodchild<br />
Hidden just <strong>of</strong>f a little<br />
passageway on the scenic<br />
island <strong>of</strong> Madeira lies a<br />
certain place <strong>of</strong> divinity.<br />
<strong>The</strong> Portuguese are historically Roman<br />
Catholic, yet, no conventional god is<br />
worshipped here. It is Funchal’s CR7<br />
Museum, a shrine to Cristiano Ronaldo,<br />
a footballing icon. No biblical text is<br />
needed; Ronaldo’s glittering history<br />
narrates itself in more than 150<br />
displayed trophies and medals, twentysix<br />
signed hat-trick balls and two Ballon<br />
d’Or awards. A life-sized waxwork and<br />
several images reveal how Ronaldo is<br />
just one example <strong>of</strong> how football has<br />
become increasingly devotional. But<br />
whether this is a religious symbol more<br />
than a simple show <strong>of</strong> affection leads one<br />
to examine whether football is indeed a<br />
religion.<br />
<strong>The</strong>re is little doubt that Ronaldo’s<br />
compatriots believe in him as an icon.<br />
On this issue, the museum’s curator,<br />
Nuno Mendes, declared, “He is Portugal’s<br />
main ambassador… <strong>The</strong> image <strong>of</strong> the<br />
country is reflected in him.” Certainly<br />
football is a significant aspect <strong>of</strong> life in<br />
Portugal but there is greater evidence<br />
that it is followed routinely around the<br />
world.<br />
This summer, Brazil plays host to<br />
the FIFA World Cup and, as such,<br />
many fans have flocked to the football<br />
‘Mecca’ <strong>of</strong> the World. City squares are<br />
brimming with football fans and no less<br />
by Americans. Remarkably, 200,000<br />
match tickets were bought in the US,<br />
which comes as some surprise given<br />
that ‘soccer’ is still some way behind<br />
baseball, American football and others<br />
in terms <strong>of</strong> popularity. More incredible<br />
still is that 75% <strong>of</strong> English season-ticket<br />
holders would sooner change religion<br />
than the team they support, according<br />
to a poll conducted on the eve <strong>of</strong> Easter<br />
by the makers <strong>of</strong> Warren United, an<br />
animated sitcom about a fervent football<br />
fan.<br />
In an increasingly secular age, can<br />
football therefore be considered an<br />
adequate replacement for traditional<br />
religion? As Diego Maradona said,<br />
“Football isn’t a game or a sport, it’s<br />
a religion.” Is convening to the new<br />
churches in the form <strong>of</strong> stadia to attend<br />
fixtures not a form <strong>of</strong> group devotion?<br />
<strong>The</strong>re’s communal singing in the form<br />
<strong>of</strong> football chants, and a faithful crowd<br />
always awaits, hopefully, the coming<br />
<strong>of</strong> every new manager or star signing.<br />
Posters and graffiti <strong>of</strong>ten adorn the<br />
streets <strong>of</strong> Barcelona and Argentina<br />
bearing the face <strong>of</strong> their one true hero:<br />
Lionel Messi. And there is compelling<br />
evidence that football can be a substitute<br />
for religion. Songs <strong>of</strong> Praise, the most<br />
watched religious programme on British<br />
TV, attracts barely three million viewers,<br />
just a quarter <strong>of</strong> what can be reached on<br />
a televised match by Sky Sports.<br />
Despite this, Italian film director Pier<br />
Paulo Pasolini’s claim that ‘football is<br />
the last sacred ritual <strong>of</strong> our time’ seems<br />
a little exaggerated. Not always do you<br />
see in a football fan the same unwavering<br />
faith that you do in religion and even<br />
if Neymar may now be the patron saint<br />
<strong>of</strong> Brazil, should he not perform to the<br />
l<strong>of</strong>ty expectations, he could face jeers.<br />
Besides, whilst some players are idols,<br />
‘sacred’ could not be more inaccurate<br />
when describing Uruguayan Luis<br />
Suárez who has just recently bitten a<br />
third victim to add to equally heinous<br />
<strong>of</strong>fences <strong>of</strong> racism.<br />
Yet part <strong>of</strong> the reason that football can<br />
be viewed in a holy light is because<br />
religion played a formative role in the<br />
rise <strong>of</strong> football in this country. In fact, a<br />
quarter <strong>of</strong> league teams in England trace<br />
their origins to church sides, formed in<br />
the late 19th century era <strong>of</strong> “muscular<br />
Christianity”, including Everton, Aston<br />
Villa, Fulham, Southampton, Bolton<br />
and Wolves. <strong>The</strong>re are still Christian<br />
leagues today, while pr<strong>of</strong>essional clubs<br />
nowadays have club chaplains. This<br />
then sheds light on why the idea <strong>of</strong><br />
switching football clubs seems to true<br />
fans sacrilege. “Soccer isn’t the same<br />
as Buddhism”, concedes Franklin Foer,<br />
author <strong>of</strong> How Soccer Explains the<br />
World, “but it is <strong>of</strong>ten more deeply felt<br />
than religion, and just as much a part <strong>of</strong><br />
the community’s fabric, a repository <strong>of</strong><br />
traditions.”<br />
<strong>The</strong> backlash <strong>of</strong> supporters against<br />
the commercialisation <strong>of</strong> football in<br />
the developed world can be seen as an<br />
illustration <strong>of</strong> the principle that football<br />
means more to people than mere sport.<br />
In the UK, where investors have been<br />
drawn to huge pr<strong>of</strong>its in merchandising<br />
and ticket sales, the largest clubs, led<br />
by Manchester United, are leading<br />
a comeback. Fans relish fighting <strong>of</strong>f<br />
commercial interests for the sake <strong>of</strong><br />
protecting the beautiful game. As<br />
money becomes ever more important,<br />
and the fans become abstracted from<br />
the astronomical sums paid to players<br />
for licenscing an playing, there will be<br />
a global revolution. Rather akin to the<br />
reaction <strong>of</strong> Martin Luther or Desiderus<br />
Erasmus to the decadence in Rome, the<br />
fans will no longer be able to tolerate the<br />
excessive monetisation <strong>of</strong> the sport as if<br />
it were a commodity.<br />
However, Football should not be<br />
considered a religion but it is still<br />
vitally important to sections <strong>of</strong> society<br />
in the same way as faith is for others.<br />
Played well, football is an art that has<br />
proved a great entertainment and it<br />
fills many lives with the passion <strong>of</strong><br />
despair and euphoria. Perhaps it is Eric<br />
Cantona who most accurately defines<br />
the life <strong>of</strong> a football aficionado with this<br />
observation: ‘You can change your wife,<br />
your politics, your religion… but never,<br />
never, can you change your favourite<br />
football team.’ In that sense, football<br />
might even be more than a mere religion<br />
after all. <strong>The</strong> football infection hasn’t<br />
yet reached its furthest extent, It won’t<br />
be long before it does. ƒ<br />
62<br />
63