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Aug/Sept 21
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Money trouble
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15 MIN READ TIME
TOMORROW’S ECONOMY
Money trouble
The global financial system is addicted to quantitative easing, and going cold turkey could be lethal. The only safe way to quit is to change the system itself
ANN PETTIFOR
“Guardian of the nation’s finances”: the founding of the Bank of England in 1694
© CHRONICLE
/ ALAMY STOCK PHOTO
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Prospect Magazine
Aug/Sept 21
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Other Articles in this Issue
In This Issue
300 not out
You need a break. Sadly, going abroad has
Letters
Stay of execution In his piece “From Hartlepool
Up front
Elderly care
Most of us will need it at some point— so why not share the costs? Andrew Dilnot makes the case
GB News
WHAT YOU NEED TO KNOW ABOUT
In fact
About 2.3m Britons hold cryptocurrencies; the median holding
Nero
IN PRAISE OF LOST CAUSES
Do not enter
Forgive us our trespasses. Trespassers will be prosecuted.
Unhappy birthday
The nation’s bicentenary is marred by an election that has settled nothing and entrenched division, writes Valeria Costa-Kostritsky
Should we ban meat?
Peter Singer YES Cal Flyn NO YES
Essays
50 thinkers to rebuild the world
We stopped, they rethought. Meet the outstanding minds who are shaping the future
England: the nation that never was
Nervous breakdowns are only to be expected in a land that was always someone else’s country
A new England
SPEED DATA
The Prime Etonian
Portrait
Beyond black and white
The real picture of race in Britain comes in shades of grey. Until we can see them, we’ll keep talking past one another— and fail to make the progress we need
Driven together
Food delivery apps, and the wider gig economy, rely on labour that can be switched on and off like a tap. But the atomised couriers are now combining—and demanding a fairer deal
9/11—the moment that postponed everything
The attack locked in America’s hubristic sense of itself as “the indispensable nation.” After 20 years of foreign policy failures, the necessary rethink about its place in the world is finally underway
What is a woman?
The ferocity of the trans rights debate reflects a faith in the biological classes “male” and “female.” But when stripped of their cultural context, these physical categories are clouded in haze
The trials of freedom
Zimbabwean novelist Tsitsi Dangarembga is today admired worldwide, but hounded at home—by the very regime whose postcolonial pathologies she helps us make sense of
Critical thinking
The three worst words
Inside the Imperial War Museum’s battle to appeal to a divided nation
The logic of the screen
Pornography doesn’t persuade, it trains. Philosopher Amia Srinivasan says it’s time to reconnect desire with creativity
Meet the cousins
When first identified, Neanderthals were viewed as merely primitive versions of humans. But there’s plenty they can teach us about surviving climate change
An ant
They might be small, but they pose big questions about the individual and the collective psyche
The enlightened economist
A former Bank of England governor argues something has gone seriously wrong with capitalism—but refuses to name the guilty parties, finds Martin Sandbu
Pills, bills and heartache
A polemic on the evils of Big Pharma needs to apply more rigour to its own argument, writes Will Self
The optimistic Indian
One of the world’s most renowned economists has led an enviable life of companionable conversation and high ideals, finds Ferdinand Mount
Merciless on principle
A new biography of DH Lawrence fails to capture a restless and sometimes perverse author, writes Freya Johnston
Books in brief
Seven Ways to Change the World: A Global
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Policy & Money
Economics and investment
Paul Wallace The analyst Tax returns Finance ministers
Policy report: Transport & infrastructure
Climate change is bringing our ageing travel links into focus
And fi nally...
Puzzles
The Generalist by Didymus
Some like it hot
British summertime is plagued with uncertainty, but we enjoy moaning about that almost as much as the sun itself
BRIEF ENCOUNTER
ILLUSTRATION BY NICK TAYLOR What is the first
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