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When it comes to the economy, Britain has a choice: May’s 80s rerun or Corbyn’s bold rethink

By finally daring to tell a new economic story that puts investment first, Labour is showing the UK there is another way

As an American looking across the Atlantic at the policy debate heating up in the UK, I feel a certain envy: at least in Britain there is a pretense of belief in rational argumentation. Maybe a few words about what economic theory and evidence have to say might make a difference.

A third of a century ago on both sides of the Atlantic an economic experiment was undertaken. Until then, growth had been amazingly strong in the post-war decades, and there was shared prosperity. In the US, incomes had risen at every…

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