Great Britain seems ripe for a change

London In recent history one will hardly find an example of a similar political reversal as the British Prime Minister Liz Truss has now had to carry out. It took exactly ten days for political and economic gravity to bring the tax fantasies of economically liberal zealots back with a bang on the parched soil of British reality, which had been parched by high inflation and stagnant growth.

It took Truss and her finance minister, Kwasi Kwarteng, more than a week to realize that cutting the top tax rate for top earners in the midst of the country’s worst economic crisis in 50 years would be economically nonsensical and politically suicidal. This not only raises doubts about their political judgment. The prime minister and her top minister, both in office for just a month, are already so politically stricken that there are calls within her Conservative party for her resignation.