In the evolution of disastrous policy, there’s often a point where a smart public figure throws his or her lot in with the whole caboodle.
Think of eminent economist J K Galbraith solemnly telling us shortly before the Thatcher-Reagan revolution that big capital, big labour and big government were here to stay with us for ever.
The Financial Times’s economic commentator Martin Wolf has long been a serious fixture in the UK media, and one with an anchor in reality.
But the European energy crisis is creating so many challenges. And once you start down the path of tinkering, it just gets harder to stop.
