What's Never Grappled With ...
We're heading for economic dictatorship. The whole of the West is falling into the economic black hole of permanent no-growth ... Forget about that dead parrot of a question – should we join the eurozone? The eurozone has officially joined us in a newly emerging international organisation: we are all now members of the Permanent No-growth Club. And the United States has just re-elected a president who seems determined to sign up too. No government in what used to be called "the free world" seems prepared to take the steps that can stop this inexorable decline. They are all busily telling their electorates that austerity is for other people (France), or that the piddling attempts they have made at it will solve the problem (Britain), or that taxing "the rich" will make it unnecessary for government to cut back its own spending (America). – Janet Daley/UK Telegraph
Dominant Social Theme: Governments have got to stop fooling the people.
Free-Market Analysis: Janet Daley, a moderately conservative columnist for the UK Telegraph, has written a powerful article on the way Western governments are trending.