For the last generation and more, serious people in suits bearing white papers about economic development have been one of the greatest threats to world prosperity. It was serious, sober technocrats, sporting elite education and wide experience, who laid waste to Russia after the collapse of the USSR. Similar people created the eurozone — now an economic disaster area suffering through a crisis worse than the Great Depression. It was sensible economists — sometimes literally the exact same ones — who demanded that nations disembowel themselves with austerity after the financial crisis.

Why Hillary Clinton deserves credit for changing her mind about TPP - Ryan Cooper

via @interfluidity