Reporting News and opinions
The theory behind all of it, gas, telecoms, water, rail, was called popular capitalism, and it rested on a wager: that if enough ordinary Britons held shares directly, they would develop a stake, literal and psychological, in the fiscal health of the nation. Capitalism would stop being something done to people and start being something done by them.
Scotland has a parliament, a flag, a football team that loses with tremendous dignity, and roughly the population of Lagos’s Ikeja Local Government Area. The Yoruba nation and I use the word advisedly has an empire’s worth of history, a written and oral constitutional tradition running from Ile-Ife through the Oyo Mesi and the Alaafin’s checks and balances, a diaspora spanning three continents, and something in the region of forty million native speakers. One of these is routinely described in the Financial Times as a nation debating its constitutional future. The other is routinely described, by the same publication, as a tribe engaged in an ethnic dispute. I invite the reader to spot the empirical difference. I have been looking for thirty years and have found only prejudice wearing a monocle.
