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Underlining his credentials as a creative thinker, the economist and Labour candidate for Swansea West offers a hopeful vision of the nation’s future – spurning leftwing utopianism as well as tackling 14 years of creeping declineAs proposed national rallying cries go, perhaps this one lacks swagger. But its modesty is deliberate, as the economist and Observer columnist Torsten Bell’s surprisingly hopeful new guide to halting this country’s crumbling decline explains. Chest-beating political promises to put the Great back into Great Britain are, he writes, really just distracting from the real issue, which is that the British are exceptional all right – only not in a good way. We stand out from our pack of medium-sized, richer-than-average countries for our low productivity, chronic wage stagnation and American-style high inequality (but sadly without the higher growth of the US).We have truly world-beating housing costs, higher than any other Organisation for Economic Co-operation and Development (OECD) country but Finland, but magically still deliver less living space per capita in return than famously cramped New York; we boast, if that’s the word, fewer hospital beds than all bar one other OECD nation. Continue reading…
Underlining his credentials as a creative thinker, the economist and Labour candidate for Swansea West offers a hopeful vision of the nation’s future – spurning leftwing utopianism as well as tackling 14 years of creeping decline
As proposed national rallying cries go, perhaps this one lacks swagger. But its modesty is deliberate, as the economist and Observer columnist Torsten Bell’s surprisingly hopeful new guide to halting this country’s crumbling decline explains. Chest-beating political promises to put the Great back into Great Britain are, he writes, really just distracting from the real issue, which is that the British are exceptional all right – only not in a good way. We stand out from our pack of medium-sized, richer-than-average countries for our low productivity, chronic wage stagnation and American-style high inequality (but sadly without the higher growth of the US).
We have truly world-beating housing costs, higher than any other Organisation for Economic Co-operation and Development (OECD) country but Finland, but magically still deliver less living space per capita in return than famously cramped New York; we boast, if that’s the word, fewer hospital beds than all bar one other OECD nation.
