COVID-19 Will Reshape Our Relationship with the State
Those who believe in cyclical theories of history argue the infamous stock market crash of 1929 signalled the failure of markets and paved the way for a bigger state, which then led to the New Deal in America and welfare states in Europe.
Fast forward to the 1970s and it was the turn of the state to overreach as big government proved unable to resolve intractable economic and social problems. This paved the way for the return of the markets via Reaganism and Thatcherism and an economic consensus that even centre-left social democrats ended up accepting.
Now fast forward again to where we are today.… Seguir leyendo »