An examination of current trade policies leaves us a bit short-changed
From our UK edition
In The Economic Consequences of the Peace, John Maynard Keynes described the age of economic progress which ended abruptly in 1914: The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole Earth in such quantity as he might see fit, and reasonably expect their delivery on his doorstep… He regarded this state of affairs as normal, certain and permanent, except in the direction of further improvement, and any deviation from it as aberrant, scandalous and avoidable. The first world war shattered this first iteration of globalisation, unleashing beggar-thy-neighbour currency devaluations and a wave of protectionism.
