When should governments intervene to protect, subsidise or promote culture?

Matthew Ridley When should a government intervene to protect culture? The case for intervention does not only rest on a culture’s value to society. Culture should only be subsidised or protected if there is an externality present – if that value to society is greater than the amount people are, in total, willing to pay… Continue Reading ➤

Not the time to sabotage relations with Iran

The recent agreement between Iran, the United States, and five other world powers over Iran’s nuclear program is the most significant breakthrough in diplomatic relations between Iran and the West for several decades. Both the Obama administration and President Rouhani deserve credit for turning their backs on historical antagonism and bringing a pragmatic approach to… Continue Reading ➤