I will happily toast the death of New Labour and pray it spreads across the pond: The New Left remains No Left; the Third Way, No Way. The sooner people realize that the sooner we will have more choices than "somewhat right" vs. "far right." It is nearly a century past time we quit pushing supply-side economics, in hopes jamming enough money into the top of the funnel makes it burst out the bottom. Invariably, there is far more "burst" than "out."

Ultimately, the welfare state is less about moral imperatives than pragmatic necessities: Working class consumer demand ALWAYS drives any non-monopolized economy. Supply is never the driver except for things everyone needs and can only get from a single source, which therefore has all control. Comprehensive supply-side economics is predicated on cheap labor and easy credit, which decimates the market on which investors and manufacturers depend for commerce. It is bad for everyone, as French and German investors discovered chasing GIPSI cheap labor and low interest rates until their own central banks had to loan the GIPSIs money just to maintain the process. When the dust cleared everyone was left with a lot of debt and very little production to repay it.