By BAGEHOT
T.H. MARSHALL, one of the founders of modern economics, and one of the most brilliant analysts of the economics of place, argued that “there was something in the air” in the English city of Sheffield that made it good at making steel. I think it is equally true that there is “something in the air” in Russia, that makes it good at spreading anxiety and grobulation. Bagehot has visited Russia on several occasions over the years—under Communism and Putinism—but has never had a normal day there. Everything that happens is tinged with a sort of sinister strangeness.
