Despite the observations of Francis Fukuyama and his disciples, history returned on 15 September 2008 when the global financial system crashed. Within weeks the world’s leading economic powers, previous zealots for minimal state interference, were left with no alternative but to bail out their domestic banks, with some even being nationalised. That exposed their previous free market fervour for the lie it was: this was socialism for the rich and market capitalism for the rest. The critics had always said as much, now nobody could deny it.
