The Conservative Party is debating the merits of capitalism
Three schools of thought are emerging on how to deal with the crisis of confidence in free markets
THE most exciting, if also the most troubling, change in British politics in recent years is the rebirth of ideology. During the Blair-Brown-Cameron years, political debate was imprisoned in the gilded cage of economic and social liberalism. Today that cage lies in pieces, smashed by the triple hammer-blows of the financial crisis, Brexit and Jeremy Corbyn, Labour’s socialist leader. Britain is consumed by fundamental arguments: about the role of the nation-state in a global economy; about the costs and benefits of immigration; and about the merits of capitalism.
This article appeared in the Britain section of the print edition under the headline “Popular capitalism, take two”
Britain October 14th 2017
- Theresa May’s weakness at home is slowing down the Brexit talks
- Scottish independence becomes a more distant dream
- The Home Office: a crisis in waiting
- Poor productivity leaves Britain’s public finances looking shaky
- BAE Systems sheds 2,000 jobs in Britain
- As big magazines lose readers, home-made “zines” are springing up
- The Conservative Party is debating the merits of capitalism
From the October 14th 2017 edition
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