"The two decades following the end of the late-nineteenth century economic depression were the first great age of globalization; the world economy was truly becoming integrated in just the ways Keynes suggested. For precisely this reason, the scale of the collapse during and after the First World War and the rate at which economies contracted between the wars is difficult for us to appreciate even now. Passports were introduced; the gold standard returned ; currencies collapsed; trade declined."

“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 benefits of the postwar consensus in favour of sectional advantage. Actually, I was always a bit awkward in this as other respects. As you know, I was against root-and-branch school comprehensivization on the grounds that the postwar arrangements combining meritocracy with opportunity, while imperfect and logically indefensible, were better than the radical schemes on offer – which have trashed much of the pedagogical gains of the early postwar decades.”

“Sixty years after Hitler's death, his war and its consequences are entering history. Postwar in Europe lasted a very long time, but it is finally coming to a close.”

“Where does that leave me? Trying, as usual, to square general truths with particular circumstances. That’s the difference between pure ethics and political theory; but it isn’t resolved by simply abandoning the tension and sliding to one end of the pole.”

“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.”

“We no longer have political movements. While thousands of us may come together for a rally or march, we are bound together on such occasions by a single shared interest. Any effort to convert such interests into collective goals is usually undermined by the fragmented individualism of our concerns. Laudable goals—fighting climate change, opposing war, advocating public healthcare or penalizing bankers—are united by nothing more than the expression of emotion. In our political as in our economic lives, we have become consumers: choosing from a broad gamut of competing objectives, we find it hard to imagine ways or reasons to combine these into a coherent whole. We must do better than this.”

“All change is disruptive. We have seen that the specter of terrorism is enough to cast stable democracies into turmoil. Climate change will have even more dramatic consequences. Men and women will be thrown back upon the resources of the state. They will look to their political leaders and representatives to protect them: open societies will once again be urged to close in upon themselves, sacrificing freedom for ‘security’. The choice will no longer be between the state and the market, but between two sorts of state. It is thus incumbent upon us to re-conceive the role of government. If we do not, others will.”