“Post-war Labour ideology in Britain has reached the end of the road. We tried the state (1945), we tried the market (1997), then we tried them both together (2007) and Britain is still not generating value in anything other than financial services and high end university teaching and research. Paradoxically, both sectors are protected by the two most ancient, and most democratic self-governing institutions left in the country. Cambridge University on the one side and the City of London Corporation on the other. It is time for our socialist tradition to rediscover the social.”