
In defence of free markets in the time of coronavirus
One of the dominant political themes of the moment is that the big state, alongside either a high tax and spend economic model or massive borrowing, is here to stay. Those who advocate for even slightly more of a market economy and less state largesse apparently belong to a bygone age. This narrative is being advanced by both left and right, Labour and the Conservatives. The Labour Party have obvious reasons to argue for a bigger state given this is one of the main reasons they exist, but the Conservative Party have begun to talk the economic language of Labour as well. This began under Theresa May’s leadership and continues
