In Prospect Magazine, Len Shackleton comments on the government’s recent announcement about industrial strategy:
“while the White Paper paints a rosy picture of a future in which Britain will aim to be “the most innovative country in the world,” there is the little matter of getting there.”
He concludes:
“I’m just reading Neil Monnery’s fascinating book on John Cowperthwaite’s role in promoting Hong Kong’s meteoric economic development—which involved little regulation and minimal government. It has been called “positive non-interventionism.” After ploughing through this White Paper, it seems a bit of Cowperthwaite’s scepticism is very much in order.”