Against a darkening international environment, where the structural advantages and market liberalisations of the post-war decades are being rolled back, peddling the same old snake oil of a tax cut here or there just won’t wash.
A home-focused industrial policy hardly saved China from this epidemic. And openness and markets ensure diversity of supply – particularly in medicine and food.
It’s been a long time since rival economic theories were of such political importance as they are now. Before 2008, the main political parties in both Britain and America were more or less united around a neo-liberal consensus – only really disagreeing on how exactly to share the proceeds of growth. However, since 2008, growth […]