The Staggers 20 October 2010 CommentPlus: pick of the papers The ten must-read pieces from this morning’s papers. Sign UpGet the New Statesman\'s Morning Call email. Sign-up 1. To choose austerity is to bet it all on the confidence fairy (Guardian) Britain's austerity cuts are a gamble with almost no potential upside, warns Joseph Stiglitz. 2. £83 billion sounds a lot – but these cuts are nowhere near enough (Daily Telegraph) The cuts will leave a state that is still too large and too much of a drain on the economy, argues Simon Heffer. Read the CommentPlus summary. 3. Osborne will escape public wrath if Labour lets him win the blame game (Guardian) Before Labour makes the case against the cuts, it must dispel the myth that it alone is responsible for our economic woes, says Jonathan Freedland. 4. Britain and America seek different paths from disaster (Financial Times) The austerity plans of the UK government contrast with those of the US administration, writes Martin Wolf. 5. Axe Wednesday: the future starts here (Independent) The cuts signal a new era of lower ambitions for a government and a shrinking public sector, says Hamish McRae. 6. Defence review: So, the RAF is going to target cyber-nerds with drones? (Guardian) To none of the top security threats is an army, navy or air force a sensible response, writes Simon Jenkins. Read the CommentPlus summary. 7. The deficit is your fault. And mine. All of us (Times) (£) Our absurd belief that everything is a priority is to blame for the deficit, argues Daniel Finkelstein. There's a reason why we are all in this together. Read the CommentPlus summary. 8. This is the moment any pretensions Britain had of being a world power were finally blown away (Daily Mail) Once the defence cuts have been applied, we will barely be a third-rate power, argues Stephen Glover. 9. Apple can't stay at the top of the tree for ever (Times) (£) Apple will soon be the most valuable company in the world, but its triumph will be ephemeral, predicts Matt Ridley. 10. Will China's heir apparent give his people a breath of freedom? (Daily Telegraph) Xi Jinping's greatest challenge will be coping with middle-class demand for change, says Peter Foster. › Let's not be mawkish about Maggie Thatcher Subscribe For daily analysis & more political coverage from Westminster and beyond subscribe for just £1 per month!