In the U.S., the economic crisis has caused many to question capitalism. But Britain has discredited the center-left agenda with its unrelenting public spending, its public development agencies and disappointing public-private investment partnerships.
Osborne and David Cameron, the party leader, argue that Labour’s decision to centralize power has undermined personal and social responsibility. They are offering a responsibility agenda from top to bottom. Decentralize power so local elected bodies have responsibility. Structure social support to encourage responsible behavior and responsible spending.If any Republican is looking for a way forward, start by doing what they’re doing across the Atlantic.