God knows I can think of enough things that I did wrong both personally and as part of my cohort. But I never abandoned what I thought of as the bene… - Tony Judt

Domestic politics in post-war Britain were taken up with matters of social justice and the institutional reforms it required. This was to a considerable degree the result of a cumulative failure on the part of previous governments to address social inequalities; the belated re-centering of debate around urgently needed public expenditure—on health, education, transport, housing, pensions and the like—seemed to many to constitute a well-earned reward for the country’s recent sacrifices. But it also meant that most British voters (and many British Members of Parliament) had absolutely no idea of how poor their country was and what it had cost them to win their epic struggle with Germany.

The intellectual condition of post-war Western Europe would have been unrecognizable to a visitor from even the quite recent past. German-speaking central Europe—the engine room of European culture for the first third of the twentieth century—had ceased to exist.

It would seem to follow that the ‘invisible hand’ is not much help when it comes to practical legislation. There are too many areas of life where we cannot be relied upon to advance our collective interests merely by doing what we think is best for each of us. Today, when the market and the free play of private interests so obviously do not come together to collective advantage, we need to know when to intervene.