There is a solution – but it has to be founded on Courageous States

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Philip Stephens is not my favourite FT commentator. But as the trailer for his article this morning says:

For outsiders looking in on the crises facing Europe and the US, this is about more than economics — they see a failure of democracy

And as he concludes:

[T]he west still has a choice. Accelerating decline is an option, but not a certainty. Political leaders hold it within their power to fix things.

He's right - but I'm not going to miss the chance to say that's true only if we create Courageous States.

Talking of which - it's head down again in writing again today.