Opinionomics | 23 April 2012

Must-read comment and analysis. Featuring the entrepreneurial state, the austere state, and the Unit

1. IMF encourages Europe's economic suicide (Telegraph)

Ambrose Evans-Pritchard argues that the IMF’s pledge to increase its rescue fund to $1 trillion encourages EMU and German elites to believe wrongly that the essence of this crisis is a speculative attack on the euro.

2. Without state spending there'd be no Google or GlaxoSmithKline (Guardian)

Mariana Mazzucato argues for the "entrepreneurial state"

3. Austerity is no answer (Times)

Sam Fleming writes that western policymakers are, in the words of Andrés Velasco, Chile’s charismatic former finance minster, “screwing up”.

4. Crisis, what crisis? (Stumbling and Mumbling)

Chris Dillow points out that this crisis is worse than in the 1970s, but there is less of the accompanying sense of despair. He asks why this might be.

5. The Amnesia Candidate (New York Times)

"Just how stupid does Mitt Romney think we are?", asks Paul Krugman.

The shadow of French presidential front-runner François Hollande, who has spooked markets with anti-finance rhetoric. Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

Getty
Show Hide image

Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.