Ed Miliband blows his big chance to explain what he wants for Britain

By Bagehot

ED MILIBAND, the man with the second-best chance of being prime minister of Britain after 2015, this afternoon declared that the country was living through a once-in-a-generation chance to rewrite the terms of the very social contract that binds citizens to the state. Speaking slowly, quietly and gravely—eschewing actorly flourishes or lectern-pounding fury—the leader of the opposition set out what amounted to a comprehensive critique of the lightly-regulated, finance-dominated, globalised economic model that has prevailed in Britain for the past three decades.

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