The world has been a disappointment to the left for more than a decade. The crash “should” have verified its dissenting view of capitalism. Instead, it was the right that flowered. Here's why.
Americans tire of the idea that a more enlightened people live to their immediate north. The English, I can report, know the feeling. A sort of moral premium appears to be the due of smaller countries abutting larger ones.
Facts are facts, though, and the recent re-election of Justin Trudeau as Canada’s prime minister reminds us of several. At around 20 per cent, Canada has a bigger foreign-born population share than the US. It manages to square this with universal healthcare and an income distribution that is — to go by the Gini coefficient — about as equal as Germany’s.
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Financial Times
Janan Ganesh is the principal political columnist for the Financial Times.
