Welcome to Britaly
A country of political instability, low growth and subordination to the bond markets
Editor’s note: On October 20th Liz Truss resigned as leader of Britain’s Conservative Party and thus will soon depart as prime minister. The party will hold another leadership contest, its third in as many years, to pick her successor within seven days.
This article appeared in the Leaders section of the print edition under the headline “Welcome to Britaly”
From the October 22nd 2022 edition
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A fantastic start for Friedrich Merz
The incoming chancellor signals massive increases in defence and infrastructure spending
The lesson from Trump’s Ukrainian weapons freeze
And the grim choice facing Volodymyr Zelensky
Western leaders must seize the moment to make Europe safe
As they meet in London, Vladimir Putin will sense weakness
Prabowo Subianto takes a chainsaw to Indonesia’s budget
The result? More money for the president’s boondoggles
Inheriting is becoming nearly as important as working
More wealth means more money for baby-boomers to pass on. That is dangerous for capitalism and society
Donald Trump has begun a mafia-like struggle for global power
But the new rules do not suit America