Republic using productivity boom to invest public infrastructure and housing
A typically spunky piece from the New Statesman’s new columnist Wolfgang Münchau starts with a great quote from Otto von Bismarck: “Only a fool learns from his own mistakes. The wise man learns from the mistakes of others.” He has Angela Merkel in his sights. He notes that despite the appearance of economic success, her austerity policies have led to a public investment shortfall in public investment of some half-a-trillion pounds, with the dire consequences only leeching up from the …