We deride Le Pen and Trump at our peril

The rise of political extremists says something disturbing about liberal democracy in the west

From the blogs

Economic data published in November have shown a further uptick in worldwide activity growth
– Gavyn Davies
George Osborne’s concept of a municipal energy business for the north of England is a good and timely idea
– Nick Butler
Building on the scale that would lower prices would require far more radical intervention in a market that is not working
– The Exchange: Diane Coyle

World powers are aligned in Paris

An agreement is needed to prevent countries from freeriding on others’ efforts, writes Jeffrey Sachs

UK parties take their leave of the people

Corbyn’s path leads away from Labour’s more moderate voters, writes Nick Pearce

Trillions on carbon curbs is immoral

Spending money that way, while billions lack basic necessities, is wrong, writes Bjorn Lomborg

Tolerance could heal a divided India

Perhaps it is time for south Asia to revive its faded traditions of multiculturalism, writes Victor Mallet

FT Editorial

Divergence is key for investors for 2016

Several dislocations have developed this year that affect portfolio drivers, writes Mohamed El-Erian

Surge in securities lending poses risks

Banks use ultra-safe bonds as compliance shortcut

Matt Kenyon illustration
©Matt Kenyon

The rise of liberal intolerance in the US

There is no doubt that racial prejudice is alive and well but quashing free speech is no answer

Paris and prosperity for poorer nations

Justice demands that carbon curbs should not limit poorer nations’ ability to grow, writes Narendra Modi

A continent overwhelmed by crises

Too many major events are occurring simultaneously: soon we will need a database to keep track

Hope dies for America’s Iraqi friends

A better life is distant even for those who had risked everything, writes Christine Spolar

Review: ‘The Maximalist’, by Matt Cooper

The rise and fall of Irish businessman Tony O’Reilly

The grey vote is an affront to democracy

Britain would have a fairer society if it capped the voting age

Mauricio Macri, Argentina’s new president

The honeymoon period following victory will be brief, write John Paul Rathbone and Benedict Mander

Osborne’s axe falls on civic Britain

The exercise is one in transferring to town halls responsibility to implement Whitehall cuts

Since you asked: Heavy on the levy

Employers may complain but the skills shortage is a tricky nut to crack, writes Sarah O’Connor

Earth rivals bid to escape the atmosphere

It is perhaps fitting that the space race is being re-run by two tech billionaires, writes John Thornhill

Surrealism guides Belgians past Paris attacks

Magritte’s homeland gave a united display of absurdist panache, writes Christian Oliver

Reasons to be cheerful, parts one and two

Small compromises are so rare in the US nowadays that we should be thankful for them

Finance gets the Hollywood treatment

‘In “The Big Short” film, Selena Gomez elaborates the principles of synthetic derivatives while placing chips on a casino table’



The Financial Times won Comment Pages of the Year at the Comment Awards from Editorial Intelligence on Monday.

FT columnists received four other honours:
Janan Ganesh was named commentariat and political commentator of the year, while Gillian Tett was business commentator of the year and Michael Skapinker business ethics commentator of the year.


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