As recently as the 1970s, the idea that the point of life was to get rich and that governments existed to facilitate this would have been ridiculed: not only by capitalism's traditional critics but also by many of its staunchest defenders.

We know what things cost but have no idea what they are worth.

My generation those who were students in the late 60s was always, in the words of the Who, talking about our generation. That's what we thought of ourselves, as the most important thing since sliced bread. And the "we" that we meant was really the Western Europeans and American generation. And as I think back I suppose I have a sense of guilt on behalf of my generation, a sense that we were terribly provincial and didn't understand the really important stuff that was going on in Eastern Europe.

Social democracy does not represent an ideal future; it does not even represent the ideal past.

But I'm English. We don't do uplifting.

I worry that we have forgotten that the de-ideologized, de-politicized, uncontentious public space of the last 50 years as Europeans have experienced it is not the normal human condition. We shall be sorry to have abandoned a little too quickly the institutions that were set up by our parents and grandparents to protect themselves against a return of the bad old world. Because the bad old world can still come back to haunt you.

The people whose necks hurt when I write about the Middle East tend to live in Brooklyn or Boca Raton: the kind of Zionist who pays another man to live in Israel for him. I have nothing but contempt for such people.