At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at… — James Buchan Copy Share Image
The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the… — James Buchan Copy Share Image
For 50 years, nuclear power stations have produced three products which only a lunatic could want: bomb-explosive plutonium, lethal radioactive waste and electricity so… — James Buchan Copy Share Image
Europe and North America, we are told, are less dependent on energy-intensive heavy industry than in the 1960s and 1970s. It seems we squeeze… — James Buchan Copy Share Image
In falling markets, there is nothing that has not happened before. The bear or pessimist sees only the past, which imprisons the wretched financial… — James Buchan Copy Share Image
The world dominion of western thought, forms of organisation, technology and military force is not God-given, nor eternal, nor greatly appreciated by the rest… — James Buchan Copy Share Image
Whatever else it was, Adolf Hitler's short-lived regime was also a colossal industrial process by which the wealth and productive power of much of… — James Buchan Copy Share Image
Ever since the destruction of Baghdad by the Mongols in 1258, the Muslim world has been in slow decline relative to the west. With… — James Buchan Copy Share Image
“My wages came to me not to satisfy any need-- mine were anyway private, affectionate, atrocious-- but to make my needs universal: to incorporate… — James Buchan Copy Share Image
For all their current prestige, Osama bin Laden and the suicide bombers are still regarded in all but the most desperate districts of Gaza… — James Buchan Copy Share Image
Almost all novels are improved by cutting from the top. On their first pages, authors parade those favourite effects which disgust the impartial reader. — James Buchan Copy Share Image
Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required. — James Buchan Copy Share Image
Cause and effect, the riddle of all history, is a particular devil in financial history; and never more so than today, where entire classes… — James Buchan Copy Share Image
Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and… — James Buchan Copy Share Image
Osama bin Laden, the Saudi-born revolutionary who is believed by most Arab and Iranian observers to be the inspiration of the attacks in New… — James Buchan Copy Share Image
