Sharks are eating the whales - Mint Magazine

Duncan Weldon outlines the contours of British economy history since the early 1800s. Since I can barely remember what I had for breakfast, I’ll focus on the years following WWII. From the 1940s-1970s, Weldon suggests there was a “great deal of economic continuity”. The most notable policy consistency was

These books examine a similar theme. The end of empire. Though ruling civilisations – the Dutch, French, British, etc. – collapse in unique ways, they exhibit similar patterns of breakdown which characterize the USA today.  Hedges begins his book by describing the outsized role of America’s military. The US, he contends,

Occasionally, economists come up with good ideas. A ‘policy trilemma’ states that, at any given time, governments can only achieve two of three competing goals. Owing to mutual exclusivity, one of the sovereign’s aims must be dropped.  The UK is currently facing a policy trilemma – to make food cheaply