“The age of excuses is over.” - Peter Franklin, UnHerd
the response to the pandemic has revolutionised our understanding of the economy
Peter Franklin says an essay by Bruno Maçães in Foreign Policy magazine argues that the response to the pandemic has revolutionised our understanding of the economy. In the light of this Franklin thinks a new era of politics is dawning.
In the essay he relates Maçães describing how supply chains and essential services have been re-engineered, almost overnight, to enable us to keep going despite the extraordinary restrictions of lockdown. So given the remarkable achievements of the last three months, Franklin asks, ‘what else should we do?’:
It appears to Franklin that theis Covid19 episode has demonstrated the opposite of what every economist and politician had assured us could not be done, it has shown we can build an economy for the sake of highly specialized social purposes.
- Bruno Maçães, Foreign Policy
The way forward Franklin suggests is to combine statist central planning another try alongside the disciplines of the market place and the inspirations of civil society.
Franklin says it is clear we’ve embarked upon a new era of activist government. It shows we don’t have to tolerate chronic problems like the housing crisis. In summary Franklin says that we now have ample proof that we can re-structure if we really want to.
The age of excuses is over.
Peter Franklin writing on the UnHerd website Wednesday, 24 June 2020