Prospect Magazine: The Secret Rewiring Of The Banks

Hidden rewiring of the banks | Will Brexit be stopped? | Brand new podcast.

It is ten years since the initial tremors of what became the Great Financial Crisis began to convulse markets around the world. But how well do we really know the story of the crash? In our brand new issue, Adam Tooze says not very well. He looks at the secretive deals that kept banks up and running, and asks how long the system has left. 

Back to the present day. On Thursday, the government published its “repeal bill”—a key marker in the Brexit process. Jolyon Maugham says this isn’t how democracy should work, while I spoke to leading politicians and legal experts about whether Brexit could be reversed. It’s more likely than you’d think.

Across the Atlantic, scandal continues to swirl around Trump. For our “duel” last month we asked Sarah Churchwell and Simon Heffer whether he’s likely to last a full term.

Elsewhere, Alison Wolf says that the never-ending expansion of higher education may be neither welcome nor sustainable. Helen Jackon and Paul Ormerod ask why academic elites are no longer trusted.

You can dig even deeper into the debate with the new edition of our podcast, “Headspace.” Tooze, Wolf and Ormerod run through their arguments with Prospect Editor Tom Clark. An ideal weekend listen. 

Alex Dean, Deputy Digital Editor

   
ECONOMICS & FINANCE
The secret history of the banking crisis
The secret history of the banking crisis Adam Tooze
Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for?    
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POLITICS
Repeal Bill: This is not what “control” looks like
Repeal Bill: This is not what “control” looks like
Jolyon Maugham
Nor how democracy should work    
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POLITICS
Might Britain Remain after all?
Might Britain Remain after all? Alex Dean
The hypotheticals on the journey to Remain are many, but conversations with experts confirm that there is hope left for pro-Europeans    
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WORLD
The Duel: Will President Trump’s term in office be cut short?
The Duel: Will President Trump’s term in office be cut short?
Sarah Churchwell, Simon Heffer
Sarah Churchwell says it is self-evident Trump will go—but Simon Heffer disagrees    
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POLITICS
Degrees of failure: Do universities actually do any good?
Degrees of failure: Do universities actually do any good? Alison Wolf
They have grown vast—and vastly expensive. Time to stop and ask whether something's gone wrong    
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FEATURES
The crisis of expertise: How far can we really trust academic elites?
The crisis of expertise: How far can we really trust academic elites? Helen Jackson, Paul Ormerod
They are finding it harder to be heard. But is that because of how they communicate? And how solid is their much-vaunted evidence base anyway?    
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REGULARS
Listen: Headspace #12—Experts on trial
Listen: Headspace #12—Experts on trial
Tom Clark
The 12th edition of Prospect's monthly podcast    
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WORLD
Why it's time we all stopped idolising Justin Trudeau
Why it's time we all stopped idolising Justin Trudeau Shafi Musaddique
Canada's prime minister is adored by liberals around the world—but beneath the charm lies a deeply suspect political record    
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POLITICS
Women on the back pages: why newspaper editors still overlook women's sport
Women on the back pages: why newspaper editors still overlook women's sport Scheenagh Harrington
Far fewer articles are written about women's sport, with editors saying they get less interest. But there is something we can do    
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WORLD
Andy Tsege: the British citizen on Ethiopia’s death row
Andy Tsege: the British citizen on Ethiopia’s death row John Keenan
Why is the UK government refusing to call for his release?    
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BLOGS
  
 Politics

          Peter Kellner
Corbyn’s supporters have every right to demand de-selections
But crucially, his critics within the Labour Party have every right to fight back    


   
Economics

          George Magnus
The new Japan-EU trade agreement exposes UK and US weakness
The biggest ever deal of its kind, “JEEPA” reveals the hollowness of Brexiteer claims that leaving the EU will give us a trade boost. And businesses across the Atlantic will be looking on with...    
     
EVENTS
   
          2017-07-17 -  Prospect Book Club - Polly Toynbee and David Walker For many years now state funding of services has been under attack from the government and media. In their fierce new book Dismembered, Guardian columnist Polly Toynbee and journalist David Walker...    

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