Ed Miliband, an old-fashioned German social democrat

By Bagehot

IN MY print column this week I look at Ed Miliband, the Labour leader, and suggest that his big idea for Britain is, at heart, to shift the country closer to a Rhineland model of capitalism. Inasmuch as that involves promising angry voters that the government can tame globalisation, curb immigration and protect British jobs with an activist industrial policy, I think he is peddling dangerous illusions: just like too many continental politicians have over the years. Here is the column:

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