Early one morning in September 2012 I visited Ed Miliband at home in north London. He had just returned from holiday in Greece and this was to be his first interview of the new political season, his big re-entry. He remembers the interview as the one in which he was photographed “sitting in the bushes”. I remember it as the occasion on which he showcased his new Big Idea – “predistribution”, a concept adapted from the Yale political scientist Jacob Hacker.
Having commendably held his party together when many had predicted it would split into warring factions, Miliband had grand plans. His mission was to change the rules of capitalism and to direct markets for the common good. Inequality was the scourge of our age, he told me. People felt the system was rigged against them. But the financial crisis and the Great Recession had created a social-democratic moment. [Read more]
– http://wp.me/p4sUqu-Vd – Michael’s Blog