It is understandable that some people are on the lookout for villains to blame in this time of national crisis – and who better than City ‘fat cats’ who are ‘profiting from the misery of others’? But it usually only takes a moment of serious thought to realise that these attacks are well wide of … Continue reading Why bans on ‘short selling’ are a bad idea
Tag: hedge funds
‘Disaster capitalism’ revisited – the case of Somerset Capital
"I'm shocked, SHOCKED, that an emerging markets fund co-founded by Jacob Rees-Mogg is taking advantage of lower equity prices to buy shares in, er, Brazilian healthcare companies and South African chemist chains. This SICKENING behaviour, er, (cont. p94)..." (with apologies to the Private Eye’s Dave Spart) I’ve written before about the lazy narrative of ‘disaster … Continue reading ‘Disaster capitalism’ revisited – the case of Somerset Capital
Debunking the myths of Brexit ‘disaster capitalism’
The proliferation of daft conspiracy theories has been one of the more depressing features of the painful process of leaving the EU. You might expect this nonsense from notoriously sloppy journalists, ‘fake news’ websites, or desperate politicians. But even some otherwise fairly sensible people have claimed that government policy is being driven by a cabal … Continue reading Debunking the myths of Brexit ‘disaster capitalism’
Plain-speaking Economics 