BT and failed privatised monopolies

I have finally given up on BT. Not just personally, but professionally as well. My business is moving away from them, and after the last few weeks I genuinely cannot understand why anybody voluntarily stays with them unless inertia, exhaustion or fear of changing provider finally overwhelms the instinct for self-preservation. The final straw was … Read more

Trump: Markets, Power, and Inside Information

There is a structural problem in modern politics that we don’t talk about enough. Markets move on information. Governments create information. And in an age of erratic communication, that information is often released in ways that are unpredictable, informal, and badly timed. Take Donald Trump. One of the defining features of his recent presidency has … Read more

Trump’s Big Fat Crypto; The Blurring of Power and Money

Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, has been pardoned by President Donald Trump. Zhao—known as “CZ”—was sentenced to four months in prison in 2024 after pleading guilty to breaching US money laundering laws. Binance itself was fined $4.3bn after investigators found it had helped users bypass sanctions. That would be a … Read more