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Monday, December 1, 2008

The Great Boom

I never heard anyone put it quite like this:
The working assumption of the "Great Boom" is – or was – that we live in a benign era where most societies are converging towards some form of market liberalism; where trade and capital flows are unrestricted; where governments have enough legitimacy to keep order by light touch; where a major war is unthinkable.
I especially like the line about "legitimacy" and "light touch". From England, via Tam.

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