Free enterprise and the market remain the only games in town. As the financial crash of 2008 plays itself out (and it has barely begun to do so) the systemic, existential crisis will not be of capitalism. Out of sheer financial necessity the real calamity to which the minds of the political class will soon be forced to turn is the unaffordability of our ever-growing welfare state. [...]
Prospective reformers’ biggest headache is that this addiction to the welfare state extends well beyond the workshy and benefits scroungers of tabloid lore.
