About this item
When faced with global instability and economic uncertainty, it is tempting for states to react by closing borders, hoarding wealth and solidifying power. We have seen it at various times in Japan, France and Italy and now it is infecting all of Europe and America, as the vote for Brexit in the UK has vividly shown. This insularity, together with increased inequality of income and wealth threatens the future role of the West as a font of stability, prosperity and security. Part of the problem is that the principles of liberal democracy upon which the success of the West has been built have been suborned, with special interest groups such as bankers accruing too much power and too great a share of the economic cake. So how is this threat to be countered? States such as Sweden in the 1990s, California at different times or Britain under Thatcher all halted stagnation by clearing away the powers of interest groups and restoring their societies' ability to evolve.
About the Author
Bill Emmott (born August 6, 1956) is an English journalist. Emmott was educated at Latymer Upper School in London and Magdalen College, Oxford, where he attained a First Class Degree in PPE (Philosophy, Politics and Economics). After graduation, he worked for The Economist newspaper in Brussels, Tokyo and London, becoming editor in March 1993. He resigned on 20 February 2006. During his tenure, the circulation of The Economist doubled from 500,000 to nearly 1,100,000 weekly sales. Also during this time, The Economist editorialized in favour of the Iraq war, of legalising gay marriage, of abolishing the British monarchy and in opposition to Silvio Berlusconi as prime minister of Italy.
