Moments of great cultural significance are often appreciated only in retrospect. The Sixties were different: the transcendent importance contemporari… - Tony Judt

If the Left had the wind in its sails and History on its side, then a new generation of Right-wing literati would take pride in being defiant losers, turning the genuine decadence and death-seeking solipsism of inter-war writers like Drieu la Rochelle and Ernst Jünger into a social and sartorial style—thereby anticipating the ‘young fogeys’ of Mrs Thatcher’s Britain.

What did trust, cooperation, progressive taxation and the interventionist state bequeath to western societies in the decades following 1945? The short answer is, in varying degrees, security, prosperity, social services and greater equality. We have grown accustomed in recent years to the assertion that the price paid for these benefits—in economic inefficiency, insufficient innovation, stifled entrepreneurship, public debt and a loss of private initiative—was too high. Most of these criticisms are demonstrably false.

What Stalin wanted in Europe above all, as we have seen, was security. But he was also interested in the economic benefits to be had from his victories in the West. The little states of central Europe, from Poland to Bulgaria, had lived under the shadow of German dominion long before World War Two: in the 1930s especially, Nazi Germany was their main trading partner and source of foreign capital. During the war this relationship had been simplified into one of master and slave, with Germany extracting for its war effort the maximum possible output from land and people. What happened after 1945 was that the Soviet Union took over, quite literally, where the Germans had left off, attaching eastern Europe to its own economy as a resource to be exploited at will.