The idea the state has been shrinking for 40 years is a myth
6 mins | Apr 28, 2021

We've never had a time of "small government”. The ‘neoliberal’ era that began with Ronald Reagan and Margaret Thatcher has instead presided over an ever-growing administration. Ruchir Sharma — Morgan Stanley's chief global strategist — explores why the fallacy of the shrinking state lives on despite contrary evidence.

From Financial Times