The best writing on politics, economics, ideas and technology. Sign up for our daily briefing. From @CPSThinkTank

Westminster, UK
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'We are literally on a fiscal cliff edge.' @LiamHalligan joins The Capitalist to explain why he thinks Britain today looks more like 1976 than 1997 – and what needs to change. Debt, tax, regulation, free markets and the failure of economics journalism. Watch the full interview 👇
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Environmental destruction didn’t begin with the Industrial Revolution. Humans were driving species to extinction and clearing forests centuries – even millennia – earlier. @Chellivia on the myth of a pristine pre-industrial world.
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Think the past had poorer people, but stronger families? The reality was often much darker. @Chellivia explains how domestic violence, economic necessity and drastically limited choice shaped family life before modern prosperity.
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Editor's Pick of the Week: It’s time to end Britain’s licence raj @JohnPenroseNews argues that Britain has recreated the kind of bureaucratic system that once held India back – and that replacing endless upfront permissions with clear, predefined standards could help get the country building again.
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The fantasy of a simpler, better pre-industrial past is just that: a fantasy. Hunger. Famine. Open sewers. Extreme deprivation. Violence. @Chellivia explains why both reactionary nostalgia and the degrowth movement badly misunderstand the world before economic growth.
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ICYMI: James Mackenzie Smith says we must reduce corporation tax from 25% to 15% and abolish CGT to attract more investment Read more: capx.co/britains-safety-firs…
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🧵A generation ago, when Asia’s leading tiger economies were places like South Korea or Singapore, India was the region’s teenage disappointment. ✍️@JohnPenroseNews
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How do we tear down Britain’s versions of the dams that used to hold back India’s entrepreneurial energy and dynamism?
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The first step is to replace all those individual, site-by-site upfront permissions with clearly-defined, democratically approved standards for everything from environmental quality to safety and architectural styles as well. Read more: capx.co/its-time-to-end-brit…
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🧵Since 2008, an understandable desire to avoid another taxpayer-funded bank bailout has developed into a broader ‘precautionary’ approach in which almost every risk is treated as something to be mitigated. ✍️James Mackenzie Smith
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Critically, ministers must also defend those trade-offs when things go wrong, providing political air cover to the regulators and other bodies. Otherwise, every adverse outcome risks being treated as a scandal, and the system simply reverts to precaution.
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This is not a theoretical exercise. Without addressing this governance problem, any attempt to go through the FCA Handbook or tax code line by line will simply result in each rule being defended on its own merits, often rationally. Read more: capx.co/britains-safety-firs…
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