An american preoccupation
What evidence is there for this? None that he cites. Reminds me of the nonsense I saw tossed around Washington in the early 1980's about the allegedly 'obsessive' Japanese culture.
Nations are increasingly preoccupied with their relative economic standing, not the living standards of citizens. Issues of strategic leverage and vulnerability now play a bigger role in economic policy discussions.
[From FT.com—Lawrence Summers : The global consensus on trade is unravelling]
Posted on 08/26 at 09:34 PM.
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