When the son of a prominent politician makes a fortune, our thoughts naturally turn to influence-peddling. But Euan Blair, the son of the former British Prime Minister of the same surname, has done very well out of a start-up called Multiverse that directly opposes the educational policy promoted by his father when he was in office. Mr Blair junior’s stake in the start-up is now worth, on paper at least, somewhat more than $200 million. In essence, the start-up is an online employment agency that offers to place young people with employers who will give them an apprenticeship training of some kind as an alternative to college or university. Mr Blair senior, by contrast, wanted 50 per cent of school-leavers to go to university. This target was inherently corrupt and corrupting. If you set a centralized bureaucracy a target—and the British educational system was and is very centralized and bureaucratic—it …
A British Prime Minister’s Failed Policies Are a Gold Mine for his Son
September 29, 2021
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