The Tories aren’t incompetent on the economy – they know exactly what they are doing

“There is no alternative” was the mantra of British politics from the 1980s to the very recent past. To bring about change it was necessary to unleash enterprise, or globalisation, or technology. Politics was about staying out of the economy, and coping with the social consequences. But there always was an alternative – it is just that the loudest voices denied it. As Adam Tooze has noted, the state never left the economy, it just changed its role, and its visibility. Since the 1980s…

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