International trade is dirty, that’s why we need rules. By advocating unilateral free trade, ‘liberal’ Leavers are bringing chocolate spoons to a knife fight. U.K. industry will be decimated.
— Chris Kendall on why it takes a large economic power to retaliate against such protectionist measures such as those imposed by the U.S. against Bombardier.
David Boyle makes an interesting point.
It seems to me that the Left’s narrative about neoliberalism is too naive to overcome it – it understands none of the appeal of its original ideas. It is somewhat vacuous – a fairy tale about nasty people overturning the great and enlightened Keynesian consensus of 1945.
Until we can develop a better understanding of where neoliberalism came from, and why it became such a perversion of itself, we will never force a path beyond the neoliberal consensus we need.
Maybe now would be a good time to take another look at Hayek. Or a first look, in my case.