My column for Foreign Policy
An excellent pamphlet by Jeremy Cliffe, The Economist’s new Bagehot columnist, explains how a number of long-term trends are likely to create a cosmopolitan liberal majority in Britain. This poses big challenges, and big opportunities, for existing political parties. I wrote a response to the pamphlet for Policy Network and argued in CapX that while Labour might seem best-placed to benefit, there was also a big opportunity for liberal Conservatives.
Britain is becoming more like London: its people are increasingly diverse, urban, university-educated, international, and socially liberal. This cosmopolitan future is overwhelmingly a good thing, and one which today’s politicians neglect at their peril. That is the essential message of Jeremy Cliffe’s clear-eyed and persuasive paper, which ought to be carefully read and digested by anyone interested in British politics.
Read my piece for Policy Network here.
The eurozone desperately needs mainstream alternatives to the lopsided “Berlin Consensus,” in which creditors’ interests come first and Germany dominates everyone else. Merkelism is causing economic stagnation, political polarization, and nasty nationalism. Institutionally, we need a flexible eurozone that respects national democracies, provides greater fiscal freedom and involves a mechanism for restructuring sovereign debt.
My column for Project Syndicate