The Conservatives have lost the ability to defend freedom
The Conservatives now have a real fight on their hands. After 1979, as champions of free-market capitalism, they seemed to embody the ruling ideology of the age. One best-selling book even called Labour leaders Blair and Brown the ‘sons of Thatcher’. Now the Labour party speaks openly of socialism and has a shadow chancellor, John McDonnell, who lists his recreations in Who’s Who as ‘fermenting the overthrow of capitalism’. It’s no idle threat; in his conference speech he advocated a ‘strategic investment board’ comprising the Chancellor, the Secretary of State for Business and the Governor of the Bank of England to ‘co-ordinate the promotion of investment, employment and real wages’.