Saudi Arabia is a puritanical state that claims a monopoly of wisdom and virtue. James Buchan arabiaclaimmonopoly Change image and share on social
Losing your capital is like losing your trousers. It is a real humiliation, and one not to be soon repeated. James Buchan capitalhumiliationlose Change image and share on social
Unlike despotisms, modern democracies are not supposed promiscuously to accumulate property and then charge their taxpayers to maintain it. But that is what they do. Governments are always trying to extend their responsibilities and their estates, and it is very hard for parliaments to reign them in. James Buchan accumulatechargedemocracy share on social
The great disadvantage of getting older is to be obliged to relive the salient economic events of one's youth, with nothing learned and nothing forgotten. James Buchan disadvantageeconomicevent Change image and share on social
Since the attack on the United States on September 11 2001, and the US retaliation in Afghanistan and Iraq, there must be few people who have not felt a twinge of nostalgia for the cold war. James Buchan afghanistanattackcold Change image and share on social
Economists, like royal children, are not punished for their errors. James Buchan childeconomisterror Change image and share on social
An atheist is a man who has no invisible means of support. James Buchan atheistinvisibleman Change image and share on social
Financial crises are like fireworks: they illuminate the sky even as they go pop. James Buchan crisisfinancialfirework Change image and share on social
Were there peace and justice in the Middle East, the Arabs would no more need their tinhorn dictators than they would their corpulent princes. James Buchan arabcorpulentdictator Change image and share on social
There are about 15 million Muslims in the EU. They face ignorance, insult and even persecution. They cannot be wished away. To impose Enlightenment freedoms is self-defeating. Anyway, the Muslims have their own enlightenment. James Buchan defeatenlightenmentface share on social