The tide will turn for free markets
EditorialThe Economist
“Homeland economics” – the “protectionist, high-subsidy, intervention-heavy ideology” that has crept up on us – not only “misdiagnoses the problem”, it “overburdens the state” and will “botch” rapid social and technological change, says The Economist. At a time when Western populations are ageing, interest rates are rising and governments need to exercise spending restraint, protectionism is “gobbling up subsidies to boost the energy transition and guarantee the supply of strategic goods”, while households
