‘All in all, the coronavirus crisis is probably the biggest challenge for the global economy since World War II. To borrow a phrase from the former ECB head Mario Draghi, the decisive factor is a ‘whatever it takes’ fiscal policy. The good news is that there are no financial restrictions on large countries in this regard.’
‘It is no longer possible for any individual nation to collapse in isolation. Our closely integrated global systems will simply disintegrate.’ Sceptical Scot publishes an extract from Jim Whyte’s prophetic Letter to My Grandchildren confronting the legacy the older generation is bequeathing to a no longer distant future.
The Scottish Government’s new action plan, A Manufacturing Future for Scotland, is a welcome improvement on earlier papers. But it omits the key role of political leadership and of sustained funding via the financial sector. Above all, SG ministers need to mount an effective campaign against the follies of #Brexit.