“If you were to line up everyone in Scotland, with the most left-wing at one end and the most right-wing at the other, then keep walking until you were precisely half way and asked the person standing there for their opinions, Scotland’s media would probably describe them as ‘the far left’.”
depression
“When I think of those friends and peers who fought and fell in the last recession, I reflect upon the question that haunted my father – who got out, and who didn’t? When I think of the generation that follows mine, and what they will have to face, the idea of anyone ‘getting out’ appears perversely utopian.”
Sean Bell: Young people must not become the acceptable losses of the coming depression
“Even if we somehow stabilise the economy faster than I suspect is possible, an inevitably reappraisal of financial asset values will follow – and that means insolvent banks. It’s hard to see how they could be rescued this time.”
Robin McAlpine: When people say the virus has changed the world, this is what they mean
“The president and his advisers are debating whether it is worth infecting and killing larger numbers of people in order to keep as much of the economy going as possible, and therefore minimise the catastrophic damage to both profits and the wider integrity of the system.”