What’s the matter with the west?

Your answer will largely depend on what you mean by “the west”.


Words morph. The term ”liberal” used to mean 19th-century bourgeois nationalists who believed in free trade. In America it evolved to mean people who believe both in social freedom and government intervention in the economy. 


Conservative originally derived from ”conserve” that things should be kept the same. 

Now, in America at least, it means whatever Donald Trump wants it to mean, which can take even his closest acolytes by surprise.


Edward Luce FT 27 August 2020



Kommentarer

Populära inlägg i den här bloggen

Det svänger fort på räntemarknaden

Fjolåret blev strålande för flera av de största fondbolagen

Börsen i Stockholm och New York 4-5 augusti 2024