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The Red Tory: an economic vandal?

Today, former Conservative adviser Rupert Darwall takes Phillip Blond’s “reinvention” of British Conservatism to task for failing to understand how markets operate.  Darwall takes the baton from Kieron O’Hara, who yesterday sought to rescue liberals like Adam Smith from the naughty step upon which Blond’s cover story had placed them.

For all the eloquence and colour of Blond’s arguments, his proposals would make the oncoming recession worse than it is already doomed to be, argues Darwall. The…

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