James Forsyth James Forsyth

The social effects of recession

David Brooks has a typically masterful column in the New York Times this morning on the social consequences of recessions. His warning about the possible impact on people’s perceptions of democracy and the market system in developing countries are particularly worth paying attention to. But it was this statistic about the US that jumped out at me:

“The recession of the 1970s produced a cynicism that has never really gone away.

Already a subscriber? Log in

Keep reading with a free trial

Subscribe and get your first month of online and app access for free. After that it’s just £1 a week.

There’s no commitment, you can cancel any time.


Unlock more articles



Don't miss out

Join the conversation with other Spectator readers. Subscribe to leave a comment.

Already a subscriber? Log in