Big state cronyism is a bad thing, economically, socially and ethically but it is not Soviet Communism. Get a grip, people. Nor is it possible for a big, strong and basically rich country to be destroyed and annihilated by one bad Administration though it is very bad. No country gets annihilated just like that. Heck, even Belgium cannot destroy itself.
- Helen Szamuely Nor is it the case that the American people, as this bizarre Economist blog claims, “endorsed macroeconomics”. They just voted very marginally for known dull over unknown boring, neither of whom would have enough power to implement a root-and-branch plan of reform. That is presumably why neither man had much of a plan to do so. Drift continues, roughly in the same direction.