Tag: Sopot Festival of Culture

Capitalism has reduced inequality and improved the world, yet still it is under attack

DESPITE the First World War ending the previous November, the year 1919 was a very bad one. For example, the UK entered what was by far its deepest ever economic recession. Output fell some 25 per cent between 1919 and 1921 as the economy attempted to adapt to peacetime conditions. The troops had been promised […]