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As someone who reads The Economist occasionally, you are mistaken about this diversity of opinions idea, but I think I understand why you are mistaken. The Eco
by a_humean 10y ago
As someone who reads The Economist occasionally, you are mistaken about this diversity of opinions idea, but I think I understand why you are mistaken.
The Economist is very straightforwardly a British/European liberal (not in the American sense of "liberal") publication that is economically and socially liberal and strongly internationalist in its outlook.
It will almost always recommend lower tax burdens, reduced business regulation, reduced trade barriers and membership of the EU, UN and NATO, privatisation of nationalised industries, and reduced moral policing by the state. However, it will admit, reflecting a British political consensus, that government intervention and regulation is invaluable in areas such as health, natural monopolies such as energy and transport, moderate levels of income redistribution through the tax system, social safety nets in the event of economic downturns or disability, or with national or international threats such as climate change were government coordination is indispensable. Sometimes they will admit that the power of the state is the only way to get things done, and so they aren't strictly dogmatic about their pro-market credentials, but if there is a viable path for leaving something alone they will advocate for it.
If you are an American reader this combination of issues may seem to fall across a lot of political boundaries, and so its novelty makes it seem diverse. In fact, this combination is a fairly straightforward centre and centre-right view of policy in the UK and much of Europe.
Edit: Some people seem to be suggesting The Economist is Libertarian. You are mistaken - it is liberal.
- JCzynski 10y agoIn the American political climate, the only people advocating something like traditional liberalism are the libertarians. And libertarianism is, roughly, exaggerated liberalism. I know personally I identified as a left-libertarian and then realized that classical liberal was a more legible way to express the same positions.
- FabHK 10y agoThe problem is that a lot of US libertarianism is Koch-brother-financed astroturfing for the right (such as the Institute for Humane Studies, etc.). So, I'd think that your left-libertarian position is somewhat rare, and most libertarianism is of the right variety. Classical liberalism is a much better term, in my view. And mind you, Milton Friedman himself advocated for government intervention in many cases (natural monopolies, externalities, maybe even asymmetric information, not sure).
- JCzynski 10y agoNot really. The Kochs put some money into the tea party (not ideological libertarians) and some small-government think tanks, but the Libertarian Party and most of the people who'd call themselves libertarians aren't really connected