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Uncle Jack in the Orient

The JWC is on hiatus for a few weeks as our talented editorial team tours India. Doubtless they will be itching to share their new insights on policy, strategy and the world economy on their return. As one of P.G. Wodehouse’s characters asked in another context, “Isn’t she that woman who spent two weeks in Rio then wrote that book ‘Whither Brazil’?” In any case, we leave you with the following talking-point from John Wilkes, which perhaps goes right to the question about India and the Anglosphere:

“There is a great resemblance between the histories of most nations, whose forms of government are nearly similar. All the free states of Greece experienced the same kind of internal convulsions, and their final destiny was the same… Oliver Cromwell plays the same poor farce (and acts it as ill) in his refusal of the crown from a committee of parliament, as Julius Caesar had before done on a like offer from Mark Antony. “

The North Briton, No. 39, February 26 1763.

In Defence of Entrepreneurs

Good news from London – an order in which readers will rarely encounter those four words on this blog, but appropriate for the establishment of The Entrepreneurs Network, a new think tank within the estimable Adam Smith Institute “designed to bring entrepreneurs to the forefront of political discourse and help make Britain the best place in the world to start a business.” The founder’s mission statement can be read at Conservative Home today.

The United Kingdom is, after all, a country which does almost everything wrong when it comes to encouraging entrepreneurship, from public pillories before Parliamentary committees and marginal tax rates approaching the top end of a scale from 1 to Eye-Watering, to throwing out people with doctorates in biochemistry and deploying moving hoardings threatening arrest for any skulking Old Rafflesian computer programmers who may have slipped through the net. It is quite obvious that these arise from the catastrophic failure of both the political class and the wider public to understand the importance of entrepreneurs in economic theory and practice. Read more