The rich West is a pessimistic place right now. Just 12% of the French, 21% of Americans and 28% of the British think the next generation will fare better than them, according to polling by the Boston Consulting Group. In China, by contrast, the optimists score 83%. British voters are duly punishing their politicians, who seem impotent in the face of global economic storms. One leading pollster calls the net approval ratings of Britain's three big party leaders an "ugliness contest", with the Conservative prime minister David Cameron on minus 18, Labour's Ed Miliband on minus 27 and—exploring such depths of public disdain that he will soon need his own bathysphere-the Liberal Democrat leader Nick Clegg on minus 53.
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