And you finally get to a consensus, where you get a sense of what really ought to be done, and then they give it to me and then I draw it. I mean draw it in the sense, the philosophical sense. ↗
In 1925, when Britain went back to the gold standard, that was supported by the Conservative Party, the Labour Party, the Bank of England, the civil service, the CBI, the TUC, the Times, the Economist; that consensus was very strong. ↗
A fitting external security environment could also play an important role in promoting social consensus and institutionalization towards democratization. ↗
In this context, social consensus, and institutions that embody this consensus, must be made effective in order for democratization not to be abused as a provisional instrument to establish an anti-democratic regime. ↗
It is essential that policy instruments be developed that would firmly establish democratization on the basis of social consensus and enable transformation on stable grounds. ↗
Over the last decade, economists seemed to share a broad consensus about economic policy, with the old splits between monetarists and Keynesians apparently being settled by events. But the Great Recession of the last two years has changed everything. ↗