David Vance SubstackRead More
Many many years ago, when I was at University, I studied Economics. (It was either that or Cross Cultural Interpretive Dance Studies and back then, the latter hadn’t been invented!) I remember my Professor advising me to try and read The Economist as a useful guide into the world of global economics. I took his advice and for many years I subscribed to it thinking that it was a straight down the middle publication without political bias. How naive was I?
Back then there was a big battle going on between left wing Keynesian and centre right Monetarism. The latter was being embraced by the then British Prime Minister Margaret Thatcher to the horror of the left wing academic establishment – and The Economist. Even then, I was broadly in the pro Milton Friedman Monetarism corner, which did not win me the plaudits of my academic tutors. Still, I was right and they weren’t.
I came to realise that The Economist carried intense political bias and so I drifted away from it. That being said, The Economist didn’t need me because over the subsequent 40-year span, the sales trend of that publication in the UK shows a transition from modest growth in the 1980s, when circulation was likely in the tens of thousands, to a peak above 210,000 in 2010, followed by a slight decline in print (e.g., 160,241 in 2016) offset by a sharp rise in digital subscriptions. Lots of people read it so it IS influential. It is the Bible of Globalism!
Which brings me to the point of the article!
Here are a few recent headlines from The Economist!
It’s anti-Trump rhetoric is off the scale and the political bias is all too obvious. The good thing about The Economist is that it consistently wrong and it will be proven wrong on the Trump tariffs! This is a globalist rag and it wouldn’t bother reading it if they gave it away.
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