Forgive debt or earn its victims’ wrath

©Michael Debets/Getty

A moralistic perception of creditors as virtuous and debtors as sinners blocks a solution

No end in sight to a rotten culture

Size of fines less stunning than scale of conspiracy

German-born businessman who served in SAS

Sir John Grierson chose his English name over dinner at Berkeley hotel

Trust and its absence in society

Geoffrey Hosking’s ‘Trust’ offers a compelling argument on the role of trust in modern living

The threat to the global ties that bind

Tensions are testing the infrastructure of globalisation and damaging economic recovery

Don the corset but beware the risks

If lenders shift activities outside the regulatory perimeter, monetary policy may be invoked

The secular decline of moral capital

As long as incentives are at odds with ethics, common decency will be a minority pursuit

A political remedy for Pfizer syndrome

A big acquisition muddies the accountancy waters, making performance harder to judge

Recession has revived labour’s struggle

The increase in corporate profits as a share of GDP would gladden the heart of a robber baron

Comment illustration
©Daniel Pudles

US tech groups are latter-day Scrooges

Why are the most successful companies on the planet acting like misers in a Balzac novel?

World remains hostage to its rotten banks

Another financial crisis is probable and it would be much more damaging to the global economy

Govern for growth

A former British minister and retailer makes the case for an activist state

China’s ‘peaceful rise’ is not assured

Modern wars are often a product of tribalism and nationalism reinforced by insecurities and arms races

Make popes accountable in this life

The Church cannot prevent failures as long as it remains rooted in the past

Central bank hot air pumps up bond bubble

The key lies in predicting when investors will run out of puff

A history of hubris and flawed hypotheses

A sweeping study of economists’ repeated failure to predict crashes pins the blame on blind faith and faulty models

The aims of central bank independence

A summary of the models and goals

Monetary policy: Back under control

Attacks on central bank independence are on the rise, but nowhere more than in Japan

Make simplicity a priority in banking

The case strengthens the arguments for a far greater capital cushion

The weakest will win in the euro battle

Strategy of moralistic fiscalism potentially sabotages th good intentions


John PlenderJohn Plender has been a senior editorial writer and columnist at the Financial Times since 1981, an assignment he combined until recently with current affairs broadcasting for the BBC and Channel Four. He has a weekly column on economics and business on Mondays and also writes for the opinion pages.

John Plender was the winner of the Wincott Foundation senior prize for excellence in financial journalism in 1994. His books include That’s The Way The Money Goes (Andre Deutsch, 1982), The Square Mile, with Paul Wallace, (Hutchinson, 1984), A Stake In The Future (Nicholas Brealey, 1997) and Going Off The Rails - Global Capital And The Crisis Of Legitimacy (John Wiley, 2003)

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