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" ... There could be the one bright spot from this disaster, just possibly. Which is that idiot economic policies have now been tested, in the middle income world, in modern times. And we've also no other confuting or confounding factors to take into account. We can't talk about the remains of colonialism or racism, as in Zimbabwe, the detritus of Tsarism, the cruelty of Stalin, war, nor in fact anything at all other than just pig headed, ghastly, purblind stupidity over economic policy. The lesson from this we should take, and it would be a bright spot if we did, is that we do indeed have a range of possible economic policies. We've a whole spectrum of them. From that laissez faire free market capitalism of Hong Kong through to that tax and benefits heavy free market social democracy of the Nordics. We can seat ourselves anywhere we like on that spectrum but choices which do not include that free market and prices bit do not work. ... "