The Intelligence from The Economist And the law won: Boris Johnson’s latest defeat
Sep 25, 2019
Join John Peet, Brexit editor, and Ryan Avent, economics columnist, as they discuss Boris Johnson's latest legal setbacks and the implications for Brexit. They explore how the Supreme Court ruling has shifted the political landscape in the UK and the challenges facing the Prime Minister. The duo also delves into the rising influence of economists in policymaking, critiquing their past missteps and emphasizing the need for a broader perspective. Plus, hear about the Kimbanguist sect’s unique doomsday beliefs and how they find purpose amidst societal chaos.
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Brexit Setback for Johnson
- The UK Supreme Court deemed Boris Johnson's prorogation of Parliament unlawful.
- This ruling complicates Brexit negotiations and increases the likelihood of a general election.
Economists' Rise and Fall
- Economists gained significant policy influence from the 1970s to the 2000s.
- However, unintended consequences like rising inequality and corporate power have led to diminished credibility.
Unintended Consequences of Military Policy
- Economists advised the US government to replace the military draft with higher wages.
- This unintentionally transformed war into a business, detaching it from national purpose.
