On the dangerous state of U.K. banks—“an existential threat to British democracy, a more serious one than terrorism, either external or internal”—and how it can be fixed.
New York Review of Books Nov 2011
On Michael Lewis and the global financial crisis.Previously: The Michael Lewis World Tour of Economic Collapse
London Review of Books Sep 2011
On the current state of the global economy and the inevitable decline of the U.K. and the U.S.:
A decade-long slowdown would accelerate this shift in global wealth and power and would be a grim thing to live through, but from a world-historical perspective it might not be a game-changer: it might just be the non-scenic route to the place we’re going anyway.