Kundnani, Hans.
The first story I covered as a Berlin correspondent for The Observer in 1999 was the resignation of German Social Democrat leader and finance minister Oskar Lafontaine. Lafontaine was seen as a Keynesian and therefore viewed with suspicion by many Anglo-Saxons. A few months before his resignation, The Sun even famously called Lafontaine “the most dangerous man in Europe”. Since Reagan and Thatcher, Anglo-Saxons had rejected Keynesianism. By the late nineties, even the Anglo-Saxon centre-left – New Labour in the UK and the New Democrats in the United States – seemed to have abandoned the demand-side measures associated with Keynes. In fact, Germany seemed to be the last place where anyone (though by no means everyone) believed in Keynes.
Πηγή: Project Syndicate