The fundamental fact about Britain in the first two generations of the Industrial Revolution was, that the comfortable and rich classes accumulated income so fast and in such vast quantities as to exceed all available possibilities of spending and investment.

It is not strictly accurate to call the ‘enlightenment’ a middle class ideology, though there were many enlighteners—and politically they were the decisive ones—who assumed as a matter of course that the free society would be a capitalist society. In theory its object was to set all human beings free. All progressive, rationalist and humanist ideologies are implicit in it, and indeed came out of it. Yet in practice the leaders of the emancipation for which the enlightenment called were likely to be the middle ranks of society, the new, rational men of ability and merit rather than birth, and the social order which would emerge from their activities would be a ‘bourgeois’ and capitalist one.

Words are witnesses which often speak louder than documents. Let us consider a few English words, which were invented or gained their modern meanings, substantially in the period of sixty years with which this volume deals. They are such words as 'industry', 'industrialist', 'factory,' middle class,' 'working class,' and 'socialism.' They include 'aristocracy,' as well as 'railway,' 'liberal' and 'conservative' as political terms, 'nationality,' 'scientist,' and 'engineer,' 'proletariat,' and (economic) 'crisis'.

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Look at London. Of course it matters to all of us that London's economy flourishes. But the test of the enormous wealth generated in patches of the capital is not that it contributed 20%-30% to Britain's GDP but how it affects the lives of the millions who live and work there. What kind of lives are available to them? Can they afford to live there? If they can't, it is not compensation that London is also a paradise for the ultra-rich. Can they get decently paid jobs or jobs at all? If they can't, don't brag about all those Michelin-starred restaurants and their self-dramatising chefs. Or schooling for children? Inadequate schools are not offset by the fact that London universities could field a football team of Nobel prize winners.

Liberalism was failing. If I'd been German and not a Jew, I could see I might have become a Nazi, a German nationalist. I could see how they'd become passionate about saving the nation. It was a time when you didn't believe there was a future unless the world was fundamentally transformed.

[H]istorians are to nationalism what poppy-growers in Pakistan are to the heroin-addicts: we supply the essential raw material for the market. Nations without a past are contradictions in terms. What makes a nation is the past, what justifies one nation against others is the past, and historians are the people who produce it. So my profession, which has always been mixed up in politics, becomes an essential component of nationalism.