Michael Murray: The Perils Of Populism

Michael Murray: The Perils Of Populism

“Little has happened in politics here over the past two years to give encouragement to the private investor. When did you last hear an Irish politician make a statement of support for private equity investors or risk-taking?”

On the surface, things look good: unemployment is low and has been getting lower. Inflation remains modest and interest rates remain at historic lows. Growth has been sustained. Productivity continues to rise and innovation has never been greater.

Yet against this rather benign background are some serious threats. In some countries, not least in Ireland, those threats are getting bigger and uglier with the passage of time. They are threats that could seriously transform, for...

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