The positive news is that the British economy is continuing to grow and is creating jobs. And it is positive news too that at a time of real international instability we are a safe haven in the storm.
Some think that by preparing to deal with crises you make them more likely. I think the wiser judgment is the contrary. In this area at least if you want peace or stability it's better to prepare for war or instability.
Ironically Latin American countries in their instability give writers and intellectuals the hope that they are needed.
We should have been there shoulder to shoulder with our allies. Our concern is the instability of our government as an ally. We are playing again with national and global security matters.
The Great Depression like most other periods of severe unemployment was produced by government mismanagement rather than by any inherent instability of the private economy.
The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.
History is full of examples of people who clamp down after they began to enjoy too much freedom. Freedom can lead to instability anarchy and confusion. So there can be a moral counter-revolution.