The bull case for beaten-up Britain
The immediate outlook is rosy; structural problems might even be fixed
ONE OF THE vices of Britons is a penchant for mourning the country’s decline. To be cured of this, Britain would probably need a different history. It was the first industrial nation. From that starting-point, its influence could only ever go in one direction: downwards. There is a large literature blaming long-term decline on sloth, complacency and amateurism. Brexit is just another opportunity to lament lost relevance.
This article appeared in the Finance & economics section of the print edition under the headline “Oversold over here”
Finance & economics May 15th 2021
From the May 15th 2021 edition
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