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The Future of Britain

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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 />

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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 />

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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 />

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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 />

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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 />

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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

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