There were Chernobyl-like features of the way that the United States handled the [Covid] pandemic, in particular the reluctance of the responsible of… - Niall Ferguson

With its weird red earth and its alien flora and fauna – the eucalyptus trees and kangaroos – Australia was the eighteenth-century equivalent of Mars. This helps explain why the first official response to the discovery of New South Wales by Captain Cook in 1770 was to identify it as the ideal dumping ground for criminals.

Economic history is not politically correct. Many on the left therefore struggle with its findings.

Beginning in the late 1970s, China overcame centuries of stagnation precisely because Mao’s successors understood that they had to decentralise the People’s Republic, giving economic if not political power to the people. If western commentators are right, Xi Jinping wants to go in the opposite direction. If the Chinese are lucky, he will turn out to be an enlightened absolutist, like Singapore’s Lee Kuan Yew. If they are unlucky, he will be just another emperor who fondly dreamt of controlling a fifth of humanity.