Editorial: Liberal crisis

Bronwen Maddox introduces the latest issue of Prospect

By Bronwen Maddox   186

It has not been a good month for liberals. Britain’s riots brought calls for tougher policing and challenged tolerance of immigration. The stock markets’ plunge, almost three years after the collapse of Lehman Brothers, provoked new criticism of “unbridled” capitalism. The tenth anniversary of the 9/11 attacks has prompted familiar claims that civil liberties must continue to give way to security concerns—not least, to the CCTV cameras which were of such use in the riots.

Those questions run through this issue of Prospect. John Kay describes the confusion on left and right about regulating the financial markets. The national debts…

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