"The huge sums of money being committed by the UK government and others to support companies will inevitably lead to a larger role for the state. This should not become the norm once the virus abates.” (Financial Times Editorial 29 March 2020)
"Nonsense. That ship has sailed. The torrent of interlinked challenges facing us, from climate change to oceans to antibiotic resistance, all have at their core some form of fundamental market failure - mainly failures to address externalities. All imply national and international interventions on a substantial scale.
Markets are an important and powerful force, but they need to be the servants of mankind not the masters.
Wake up FT. We are in the 21st century." (A reader’s response.)