Tony Judt

"The cultural competition of the early Cold War years was asymmetrical. Among European cultural elites there was still a widespread sentiment that they shared, across ideological divides and even bridging the Iron Curtain, a common culture to which America posed a threat. The French in particular took this line, echoing the early post-war efforts of their diplomats to trace an international policy independent of American control."

"Western Europeans owed their newfound well-being to the uncertainties of the Cold War. The internationalization of political confrontations, and the consequent engagement of the United States, helped draw the sting from domestic political conflicts."

"This paradox—that a peaceful European settlement was taking shape even as the two Great Powers of the day were arming themselves to the hilt and preparing for the eventuality of a thermonuclear war—was not so bizarre as it might appear. The growing emphasis in US and Soviet strategic thinking on nuclear weapons, and the intercontinental missiles with which to deliver them, released European states from the need to compete in an arena where they could not hope to match the resources of the superpowers, even though central Europe remained the most likely terrain over which any future war might be fought. For this reason, the Cold War in Western Europe was experienced quite differently in these years from the way it was felt in the United States, or indeed in the USSR."

"The outcome of the Berlin crisis showed that the two Great Powers had more in common than they sometimes appreciated. If Moscow undertook not to raise again the question of Allied status in Berlin, Washington would accept the reality of East German government there and would resist West German pressure for nuclear weapons. Both sides had an interest in stability in central Europe; but more to the point, the US and the USSR were both tired of responding to the demands and complaints of their respective German clients."

"In important respects Italy’s condition after the war stood comparison with that of Austria. Both countries had fought alongside Germany and had suffered accordingly after the war (Italy paid a total of $360 million in reparations to the Soviet Union, Greece, Yugoslavia, Albania and Ethiopia). Like Italy, Austria was a poor and unstable country whose post-war renaissance could hardly have been predicted from her recent past. The country’s two dominant political groupings had spent the inter-war years in bitter conflict. Most Austrian Social Democrats had regarded the emergence in 1918 of a truncated Austrian state out of the ruins of the Habsburg Empire as an economic and political nonsense. In their view the German-speaking remnant of the old Dual Monarchy ought logically to have joined its fellow Germans in an Anschluss (union), and would have done so had the self-determination clauses of the Versailles agreements been applied consistently."

"Internationally condemned after Hitler’s fall for blindly obeying immoral orders, Germans thus turned the defect of their industrious obedience into a national virtue. The shattering impact of their country’s total defeat and subsequent occupation made West Germans amenable to the imposition of democracy in a way that few could have imagined a decade earlier. In place of the ‘devotion for its rulers’ that Heine had first observed in the German people a century before, Germans in the nineteen-fifties attracted international respect for their similarly wholehearted devotion to efficiency, detail, and quality in the manufacture of finished products."

"No French government except Léon Blum’s short-lived Popular Front of 1936 paid serious attention to the grievous mis-rule practiced by colonial administrators in French North Africa. Moderate Algerian nationalists like Ferhat Abbas were well known to French politicians and intellectuals before and after World War Two, but no-one really expected Paris to concede their modest goals of self-government or ‘home rule’ any time soon."

"The ‘European project’, in so far as it ever existed outside the heads of a few idealists, had stalled by the mid-nineteen-fifties. The French National Assembly had vetoed the proposed European army, and with it any talk of enhanced European coordination. Various regional accords on the Benelux model had been reached—notably the Scandinavian ‘Common Nordic Labor Market’ in 1954—but nothing more ambitious was on the agenda. Advocates of European cooperation could point only to the new European Atomic Energy Community, announced in the spring of 1955; but this—like the Coal and Steel Community—was a French initiative and its success lay, symptomatically, in its narrow and largely technical mandate. If the British were still as skeptical as ever about the prospects for European unity, theirs was not an altogether unreasonable view."

"The resulting ‘goulash Communism’ secured the stability of Hungary; and the memory of Hungary ensured the stability of the rest of the Bloc, at least for the next decade. But this came at a cost. For most people living under Communism, the ‘Socialist’ system had lost whatever radical, forward-looking, utopian promise once attached to it, and which had been part of its appeal—especially to the young—as recently as the early fifties. It was now just a way of life to be endured. That did not mean it could not last a very long time—few after 1956 anticipated an early end to the Soviet system of rule. Indeed, there had been rather more optimism on that score before the events of that year. But after November 1956 the Communist states of Eastern Europe, like the Soviet Union itself, began their descent into a decades-long twilight of stagnation, corruption and cynicism. The Soviets too would pay a price for this—in many ways, 1956 represented the defeat and collapse of the revolutionary myth so successfully cultivated by Lenin and his heirs."

"The economic history of post-war western Europe is best understood as an inversion of the story of the immediately preceding decades. The 1930s Malthusian emphasis on protection and retrenchment was abandoned in favor of liberalized trade. Instead of cutting their expenditure and budgets, governments increased them. Almost everywhere there was a sustained commitment to long-term public and private investment in infrastructure and machinery; older factories and equipment were updated or replaced, with attendant gains in efficiency and productivity; there was a marked increase in international trade; and an employed and youthful population demanded and could afford an expanding range of goods. The post-war economic ‘boom’ differed slightly in its timing from place to place, coming first to Germany and Britain and only a little later to France and Italy; and it was experienced differently according to national variations in taxation, public expenditure or investment emphasis. The initial outlays of most post-war governments went above all on infrastructure modernization—the building or upgrading of roads, railways, houses and factories. Consumer spending in some countries was deliberately held back, with the result—as we have seen—that many people experienced the first post-war years as a time of continuing, if modified, penury. The degree of relative change also depended, of course, on the point of departure: the wealthier the country, the less immediate and dramatic it seemed."

"The 1960s saw the apogee of the European state. The relation of the citizen to the state in Western Europe in the course of the previous century had been a shifting compromise between military needs and political claims: the modern rights of newly enfranchised citizens offset by older obligations to defend the realm. But since 1945 that relationship had come increasingly to be characterised by a dense tissue of social benefits and economic strategies in which it was the state that served its subjects, rather than the other way around."

"The rise in the influence of the state upon the employment and welfare of its citizens was accompanied by a steady reduction in its authority over their morals and opinions. At the time this was not seen as a paradox. Liberal and Social Democratic advocates for the European welfare state saw no reason in principle why government should not pay close attention to the economic or medical welfare of the population, guaranteeing citizens’ well-being from cradle to grave, while keeping its nose firmly out of their views and practices on strictly personal matters like religion and sex, or artistic taste and judgement. The Christian Democrats of Germany or Italy, for whom the state still had a legitimate interest in the manners and mores of its subjects, could not so readily make this distinction. But they too faced growing pressure to adapt."

"The diminishing standing of public authorities in matters of morality and personal relationships in no way supposed a decline in the role of the state in the cultural affairs of the nation. Quite the contrary. The broad Western European consensus of the age held that only the state had the resources to service the cultural needs of its citizens: left to themselves, individuals and communities would lack both means and initiative. It was the responsibility of a well-run public authority to deliver cultural nourishment no less than food, lodging and employment. In such matters Social and Christian Democrats thought alike, and both were heir to the great Victorian-era improvers, though with far greater resources to hand. The aesthetic revolt of the Sixties changed little in this respect: the new (‘counter-’) culture demanded and obtained the same funding as the old."

"Moments of great cultural significance are often appreciated only in retrospect. The Sixties were different: the transcendent importance contemporaries attached to their own times—and their own selves—was one of the special features of the age."

"But it is symptomatic of the fundamentally apolitical mood of May 1968 that the best-selling French books on the subject a generation later are not serious works of historical analysis, much less the earnest doctrinal tracts of the time, but collections of contemporary graffiti and slogans. Culled from the walls, noticeboards and streets of the city, these witty one-liners encourage young people to make love, have fun, mock those in authority, generally do what feels good—and change the world almost as a by-product."

"It was one of the self-delusions of the age that the Sixties were an era of heightened political consciousness. ‘Everyone’ (or at least everyone under twenty-five attending an educational establishment and drawn to radical ideas) was in the streets and mobilized for a cause. The deflation of the causes—and the demobilization of the coming decades—thus confers in retrospect an air of failure upon a decade of frenetic political activity. But in certain important respects the Sixties were actually a vital decade for the opposite reason: they were the moment when Europeans in both halves of the continent began their definitive turn away from ideological politics. Thus the slogans and projects of the Sixties’ generation, far from re-awakening a revolutionary tradition whose language and symbols they so energetically sought to reinvigorate, can be seen in hindsight to have served as its swansong. In Eastern Europe, the ‘revisionist’ interlude and its tragic dénouement saw off the last illusions of Marxism as a practice. In the West, Marxist and para-Marxist theories soared clear of any relationship to local reality, disqualifying themselves from any future role in serious public debate. In 1945 the radical Right had discredited itself as a legitimate vehicle for political expression. By 1970, the radical Left was set fair to emulate it. A 180-year cycle of ideological politics in Europe was drawing to a close."

"One immediate result of the economic down-turn was a hardening of attitudes towards ‘foreign’ workers of all sorts. If published unemployment rates in West Germany (close to zero in 1970) did not climb above 8 percent of the labor force despite a slump in demand for manufactured goods, it was because most of the unemployed workers in Germany were not German—and thus not officially recorded."

"In the past, the social cost of economic change on this scale, and at this pace, would have been traumatic, with unpredictable political consequences. Thanks to the institutions of the welfare state—and perhaps the diminished political enthusiasms of the time—protest was contained. But it was far from absent. In the years 1969-1975 there were angry marches, sit-ins, strikes and petitions all across industrial Western Europe, from Spain (where 1.5 million days were lost to industrial strikes in the years 1973-75) to Britain, where two major strikes by coalminers—in 1972 and 1974—persuaded a nervous Conservative government that it might be the better part of valor to postpone major mine closures for a few more years, even at the cost of further subsidies charged to the population at large."

"The greatest beneficiaries of the modern welfare state, after all, were the middle classes."

"If one strand in the heritage of the Sixties was high-cultural pretension, the other, its intimate inversion, was a hardening crust of knowing cynicism. The relative innocence of rock and roll was increasingly displaced by media-wise pop bands whose stock in trade was a derisive appropriation and degradation of the style forged by their immediate precursors. Much as popular romances and tabloid journalism had once fastened on to mass literacy for commercial advantage, so ‘punk’ rock appeared in the Seventies in order to exploit the market for popular music. Presented as ‘counter-cultural’ it was in fact parasitic upon mainstream culture, invoking violent images and radical language for frequently mercenary ends."

"The longevity of Europe’s political parties derived from a remarkable continuity in the ecology of the electorate. The choice between Labour and Conservatives in Britain, or Social Democrats and Christian Democrats in West Germany, no longer reflected deep divisions over particular policies, much less profound ‘lifestyle’ preferences as they would come to be known. In most places it was an echo of longstanding, trans-generational voting habits, determined by the class, religion or locality of the voter rather than by the party’s program. Men and women voted as their parents had voted, depending on where they lived, where they worked and what they earned."

"Eurocommunism was thus a contradiction in terms, despite the best efforts of its spokesmen."

"In the short run the Soviet authorities and their colleagues in eastern Europe could certainly suppress easily enough any voices raised on behalf of individual or collective rights: in 1977 the leaders of a Ukrainian ‘Helsinki Rights’ group were arrested and sentenced to terms ranging from three to fifteen years. But the very emphasis that Communist leaders had placed upon ‘Helsinki’ as the source of their regimes’ international legitimacy would now come to haunt them: by invoking Moscow’s own recent commitments, critics (at home and abroad) could now bring public pressure to bear on the Soviet regimes. Against this sort of opposition, violent repression was not just ineffective but, to the extent that it was public knowledge, self-defeating. Hoist by the petard of their own cynicism, Leonid Brezhnev and his colleagues had inadvertently opened a breach in their own defenses. Against all expectation, it was to prove mortal."

"The democratic transition of Mediterranean Europe was quite the most remarkable and unexpected development of the age."

"‘Europe’, in short, was coming to represent a significant ‘moral hazard’, as its carping critics, in Britain in particular, gleefully insisted. The decades-long drive to overcome continental disunity by purely technical measures was looking decidedly political, while lacking the redeeming legitimacy of a traditional political project pursued by an elected class of familiar politicians. Insofar as ‘Europe’ had a distinctive goal, its economic strategy was still grounded in the calculations and ambitions of the Fifties. As for its politics: the confident, interventionist tone of pronouncements from the European Commission—and the authority and open chequebooks with which European experts descended on distant regions—bespoke a style of government rooted firmly in the social-democratic heyday of the early Sixties."

"Every politically significant revolution is anticipated by a transformation of the intellectual landscape. The European upheavals of the 1980s were no exception. The economic crisis of the early Seventies undermined the optimism of Western Europe’s post-war decades, fracturing conventional political parties and propelling unfamiliar issues to the center of public debate. Political argument on both sides of the Cold War divide was breaking decisively with decades of encrusted mental habits—and, with unexpected speed, forming new ones. For better and for worse, a new realism was being born."

"Economic liberalization did not signal the fall of the welfare state, nor even its terminal decline, notwithstanding the hopes of its theorists. It did, though, illustrate a seismic shift in the allocation of resources and initiative from public to private sectors. This change went far beyond the technical question of who owned which factories, or how much regulation there was to be in any given industry. For nearly half a century Europeans had watched the state, and public authorities, play a steadily more prominent part in their affairs. This process had become so commonplace that the premise behind it—that the activist state was a necessary condition of economic growth and social amelioration—was largely taken for granted. Without the cumulative unraveling of this assumption in the course of the waning decades of the century, neither Thatcherism nor the Mitterrand volte-face would have been possible."

"Behind the long ‘Social-Democratic moment’ in Western Europe there had lain not just pragmatic faith in the public sector, or allegiance to Keynesian economic principles, but a sense of the shape of the age that influenced and for many decades stifled even its would-be critics."

"Lenin’s distinctive contribution to European history had been to kidnap the centrifugal political heritage of European radicalism and channel it into power through an innovative system of monopolized control: unhesitatingly gathered and forcefully retained in one place. The Communist system might corrode indefinitely at the periphery; but the initiative for its final collapse could only come from the centre. In the story of Communism’s demise, the remarkable flowering in Prague or Warsaw of a new kind of opposition was only the end of the beginning. The emergence of a new kind of leadership in Moscow itself, however, was to be the beginning of the end."

"Gorbachev did more than just let the colonies go. By indicating that he would not intervene he decisively undermined the only real source of political legitimacy available to the rulers of the satellite states: the promise (or threat) of military intervention from Moscow. Without that threat the local regimes were politically naked. Economically they might have struggled for a few more years, but there, too, the logic of Soviet retreat was implacable: once Moscow started charging world market prices for its exports to Comecon countries (as it did in 1990) the latter, heavily dependent on imperial subsidies, would have collapsed in any event. As this last example suggests, Gorbachev was letting Communism fall in eastern Europe in order to save it in Russia itself—just as Stalin had built the satellite regimes not for their own sake but as a security for his western frontier. Tactically Gorbachev miscalculated badly—within two years the lessons of Eastern Europe would be used against the region’s liberator on his home territory. But strategically his achievement was immense and unprecedented. No other territorial empire in recorded history ever abandoned its dominions so rapidly, with such good grace and so little bloodshed. Gorbachev cannot take direct credit for what happened in 1989—he did not plan it and only hazily grasped its long-term import. But he was the permissive and precipitating cause. It was Mr Gorbachev’s revolution."

"The American President’s publicly-aired caution is a further salutary reminder of the limited part played by the USA in these developments. Pace the self-congratulatory narrative that has entered the American public record, Washington did not ‘bring down’ Communism—Communism imploded of its own accord."

"But this still left unresolved two much harder dilemmas. What should be done with former Communist Party members and police officials? If they were not accused of specific crimes, then should they suffer any punishment at all for their past acts? Should they be allowed to participate in public life—as policemen, politicians, even prime ministers? Why not? After all, many of them had cooperated actively in the dismantling of their own regime. But if not, if there were to be restrictions placed on the civic or political rights of such people, then how long should such restrictions apply and how far down the old nomenklatura should they reach? These questions were broadly comparable to those faced by Allied occupiers of post-war Germany trying to apply their program of de-Nazification—except that after 1989 the decisions were being taken not by an army of occupation but by the parties directly concerned."

"Uncontentious decisions were typically made in Brussels by experts and civil servants. Policies likely to affect significant electoral constituencies or national interests were hammered out in the Council of Ministers and produced complicated compromises or else expensive deals. Whatever could not be resolved or agreed was simply left in abeyance. The dominant member states—Britain, Germany and above all France—could not always count on getting what they wanted; but whatever they truly did not want did not come to pass."

"Europeans may have lost faith in their politicians, but at the core of the European system of government there is something that even the most radical anti-system parties have not dared to attack head on and which continues to attract near-universal allegiance. That something is certainly not the European Union, for all its manifold merits. It is not democracy: too abstract, too nebulous and perhaps too often invoked to stand in isolation as an object for admiration. Nor is it freedom or the rule of law—not seriously threatened in the West for many decades and already taken for granted by a younger generation of Europeans in all the member states of the EU. What binds Europeans together, even when they are deeply critical of some aspect or other of its practical workings, is what it has become conventional to call—in disjunctive but revealing contrast with ‘the American way of life’—the ‘European model of society’."

"That history should have weighed so heavily upon European affairs at the start of the twenty-first century was ironic, considering how lightly it lay upon the shoulders of contemporary Europeans. The problem was not so much education—the teaching or mis-teaching of history in schools, though in some parts of southeastern Europe this too was a source of concern—as the public uses to which the past was now put. In authoritarian societies, of course, this was an old story; but Europe, by its self-definition, was post-authoritarian. Governments no longer exercised a monopoly over knowledge and history could not readily be altered for political convenience."

"In contrast to the United States, which continued to treat ‘Islam’ and Muslims as a distant challenge, alien and hostile, best addressed by heightened security and ‘pre-emptive war’, Europe’s governments had good reason to see the matter very differently. In France especially, the crisis in the Middle East was no longer a matter of foreign policy: it had become a domestic problem. The transmigration of passions and frustrations from persecuted Arabs in Palestine to their angry, dispirited brethren in Paris should not have come as a surprise—it was, after all, another legacy of empire."

"But the Derrida-Habermas initiative, even though it articulated sentiments shared by many Europeans, passed virtually unnoticed. It was not reported as news, nor was it quoted by sympathizers. No-one implored its authors to take up their pens and lead the way forward. The governments of a significant number of European states, including France, Germany, Belgium and later Spain, undoubtedly sympathized in general terms with the views expressed in these essays; but it did not occur to any of them to invite Professors Derrida or Eco in for consultation. The whole project sputtered out. One hundred years after the Dreyfus Affair, fifty years after the apotheosis of Jean-Paul Sartre, Europe’s leading intellectuals had thrown a petition—and no-one came."

"Something is profoundly wrong with the way we live today. For thirty years we have made a virtue out of the pursuit of material self-interest: indeed, this very pursuit now constitutes whatever remains of our sense of collective purpose. We know what things cost but have no idea what they are worth. We no longer ask of a judicial ruling or a legislative act: is it good? Is it fair? Is it just? Is it right? Will it help bring about a better society or a better world? Those used to be the political questions, even if they invited no easy answers. We must learn once again to pose them."

"We have entered an age of insecurity—economic insecurity, physical insecurity, political insecurity. The fact that we are largely unaware of this is small comfort: few in 1914 predicted the utter collapse of their world and the economic and political catastrophes that followed. Insecurity breeds fear. And fear—fear of change, fear of decline, fear of strangers and an unfamiliar world—is corroding the trust and interdependence on which civil societies rest."

"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."

"Inequality is corrosive. It rots societies from within. The impact of material differences takes a while to show up: but in due course competition for status and goods increases; people feel a growing sense of superiority (or inferiority) based on their possessions; prejudice towards those on the lower ranks of the social ladder hardens; crime spikes and the pathologies of social disadvantage become ever more marked. The legacy of unregulated wealth creation is bitter indeed."

"The ‘false precision’ of which Maynard Keynes accused his economist critics is with us still. Worse: we have smuggled in a misleadingly ‘ethical’ vocabulary to bolster our economic arguments, furnishing us with a self-satisfied gloss upon crassly utilitarian calculations. When imposing welfare cuts on the poor, for example, legislators in the UK and US alike have taken a singular pride in the ‘hard choices’ they have had to make."

"The past was neither as good nor as bad as we suppose: it was just different. If we tell ourselves nostalgic stories, we shall never engage the problems that face us in the present—and the same is true if we fondly suppose that our own world is better in every way. The past really is another country: we cannot go back. However, there is something worse than idealizing the past—or presenting it to ourselves and our children as a chamber of horrors: forgetting it."

"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."

"Unfortunately, pragmatism is not always good politics. The greatest asset of mid-20th century social democracy—its willingness to compromise its own core beliefs in the name of balance, tolerance, fairness and freedom—now looks more like weakness: a loss of nerve in the face of changed circumstances. We find it hard to look past those compromises to recall the qualities that informed progressive thought in the first place: what the early 20th century syndicalist Edouard Berth termed “a revolt of the spirit against . . . a world in which man was threatened by a monstrous moral and metaphysical materialism”."

"We face today two practical dilemmas. The first can be succinctly described as the return of the ‘social question’. For Victorian reformers—or American activists of the pre-1914 age of reform—the challenge posed by the social question of their time was straightforward: how was a liberal society to respond to the poverty, overcrowding, dirt, malnutrition and ill health of the new industrial cities? How were the working masses to be brought into the community—as voters, as citizens, as participants—without upheaval, protest and even revolution? What should be done to alleviate the suffering and injustices to which the urban working masses were now exposed and how was the ruling elite of the day to be brought to see the need for change? The history of the 20th century West is in large measure the history of efforts to answer these questions. The responses proved spectacularly successful: not only was revolution avoided but the industrial proletariat was integrated to a remarkable degree. Only in countries where any liberal reform was prevented by authoritarian rulers did the social question rephrase itself as a political challenge, typically ending in violent confrontation. In the middle of the 19th century, sharp-eyed observers like Karl Marx had taken it for granted that the only way the inequities of industrial capitalism could be overcome was by revolution. The idea that they could be dissolved peacefully into New Deals, Great Societies and welfare states simply never would have occurred to him."

"Political skepticism is the source of so many of our dilemmas. Even if free markets worked as advertised, it would be hard to claim that they constituted a sufficient basis for the well-lived life. So what precisely is it that we find lacking in unrestrained financial capitalism, or ‘commercial society’ as the 18th century had it? What do we find instinctively amiss in our present arrangements and what can we do about them? What is it that offends our sense of propriety when faced with unfettered lobbying by the wealthy at the expense of everyone else? What have we lost? We are all children of the Greeks. We intuitively grasp the need for a sense of moral direction: it is not necessary to be familiar with Socrates to feel that the unexamined life is not worth much. Natural Aristotelians, we assume that a just society is one in which justice is habitually practiced; a good society one in which people behave well. But in order for such an implicitly circular account to convince, we need to agree on the meaning of ‘just’ or ‘well’."

"The case for reviving the state does not rest uniquely upon its contributions to modern society as a collective project; there is a more urgent consideration. We have entered an age of fear. Insecurity is once again an active ingredient of political life in Western democracies. Insecurity born of terrorism, of course; but also, and more insidiously, fear of the uncontrollable speed of change, fear of the loss of employment, fear of losing ground to others in an increasingly unequal distribution of resources, fear of losing control of the circumstances and routines of our daily life. And, perhaps above all, fear that it is not just we who can no longer shape our lives but that those in authority have also lost control, to forces beyond their reach."

"It would seem to follow that the ‘invisible hand’ is not much help when it comes to practical legislation. There are too many areas of life where we cannot be relied upon to advance our collective interests merely by doing what we think is best for each of us. Today, when the market and the free play of private interests so obviously do not come together to collective advantage, we need to know when to intervene."