Welcome from Iain Martin
Welcome to CapX, the new service from the Centre for Policy Studies. In an era of information overload we select only the best writing, smart thinking and most relevant news that you might otherwise miss.
The service is available on the CapX app, which you can download in the app store, or on our website at www.capx.co. We are also on Twitter at @PopCapX. Every week day we will also send you short summaries of our top five stories, with links in case you want to read more.
As well as that, we are publishing exclusive articles commissioned for CapX readers from top writers.
Below you'll find five exclusive commentaries from this week, from Deepak Lal on moving India away from statism, Patience Wheatcroft on investment, Tim Montgomerie on conservative leadership, Jeremy Jennings on France's economic troubles and Guy Sorman on the case for popular capitalism. Following these are our CapX top picks for the week, using technology that scours over 3 million news sources.
Distinguished professor Deepak Lal discusses Thatcher's legacy and what the economic agenda of the new Modi administration should be.
In the wake of calls for intervention in the Astra-Zeneca takeover, Patience Wheatcroft considers the role of government in investment and enterprise.
France's dysfunctional political situation makes it highly unlikely that the deregulatory reforms needed to rescue its economy will be delivered any time soon, argues KCL professor Jeremy Jennings.
Tim Boersma from the Brookings Institution calls for Europe to open up its energy markets and cut wasteful EU subsidies.
Germany saves more than it invests and lends the surplus (about 7% of GDP) overseas. Germany has lost around €400 billion on its investment abroad since 1999 and is not investing enough at home.
By 2030 the number of working people supporting elderly dependents will fall from 5-to-1 to 3-to-1. Globalisation, innovation and technology are the solutions.
VAT will now be a flat 3% for all small firms, reducing their tax burden by over $3.5bn. VAT ranges from 2-17% in China.
University of Tokyo professor Motoshige Itoh says that Japan's 35% rate of corporation tax is now a direct impediment to foreign investment as European countries move to lower rates.
To find out more about CapX or to subscribe, visit http://www.capx.co/about/.