Yes, defence spending has to rise – but slashing the welfare state to fund it would be a big mistakeEuropean governments are once again haunted by a tough choice between financing the military or spending on social programmes. That, at any rate, is the narrative that has taken hold since Donald Trump’s retreat from the postwar global security order and the urgent pressure to rearm Europe.But to frame the dilemma facing Europe in this way is a big mistake. History teaches us that the political choice has never been about guns or butter, but rather guns or taxes. Continue reading...