If politics has failed, what now?

As we stand amid the ruins of the national pyramid scheme, and as the results of the European elections trundle in, the sense of democratic deficit increases

It all began almost a generation ago in the dying years of the Thatcher premiership. Throughout the 1970s and 1980s, Labour had torn itself apart in ideological splits and eventually had become unelectable. Neither Michael Foot nor, later, Neil Kinnock could lead it out of its misery.

A group of ambitious, mostly Oxbridge educated and mostly young television executives saw in the chaos of the then Labour party an interesting opportunity for their ...