The truly fundamental question that is at the heart of the disaster toward which we are racing is being debated only in America: is it possible for a free market economy to support a democratic socialist society? On this side of the Atlantic, the model of a national welfare system with comprehensive entitlements, which is paid for by the wealth created through capitalist endeavour, has been accepted...as the essence of post-war political enlightenment. Cut But the US has a very different historical experience from European countries, with their accretions of national remorse and class guilt: it has a far stronger...