economic model

"No politician will tell it as it is," a former minister worries privately, arguing that none of our leading politicians are being open about the coming strain on our existing economic model.

"Why would you want to reset and get closer to a patently failing economic model? The EU is struggling even more than we are. We should be diverging as fast as we can away from that."

Oddly, he’s been hailing as his economic model the late 19th century period when “it was all tariffs” and America was “most successful.”

“China’s current economic model is based on exporting its way out of troubles,” he added.

And yet, even though they have undoubtedly caused China some pain, they have not done much to change the economic model.