The Editor 

When pessimism pays

The Editor

When pessimism pays

Whatever you may think of the UK’s lawmakers and the chaos currently afflicting parliament, you do not have to look very far to realise that we in fact live in a stable and generally prosperous democracy. Yesterday, Zimbabwe’s 93-year-old president, Robert Mugabe, appeared to be removed from power in a military coup. The day before, Venezuela – an oil-rich South American economy previously hailed as a beacon of successful socialism – defaulted on its sovereign debt. Both countries have suffered economic collapse, huge inflationary pressures and social breakdown – the UK is hardly perfect, but it is hard to envisage such widescale problems here, whatever hysterical outpourings on social media suggest may be on the way.

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