This Time No Mistakesis a brilliant book... an intellectual, historical, political read with some thes... read it if you haven’t already.' Keir Starmerbrbr'Represents the beginning of a new, urgent debate. The era that defined economics since the end of the Cold War is now giving way to more activist governments and a very different kind of globalisation, necessitating new economic strategies. At last we are beginning to discuss what they might look like.'New StatesmanbrbrA book that could be a blueprint for a better future - if the Labour Party takes it seriously.brbrWill Hutton’s passionate book shows how the right and left have gone wrong over the course of the last century – and how we can rake a better Britain. Britain’s inability to invest in itself is at the heart of our probls. The malevolent thread linking the grievous errors of the last forty-five years is the attpt to create the utopia of free markets and a minimal state. The terrible consequences scar our country today. We need an alternative economic and political philosophy, especially if we are to ward off a nihilist populism.brbrTwo great traditions – ethical socialism and progressive liberalism – can be brought together to offer a different way forward. Hutton describes the views of their major thinkers, and their common vision of what he calls the ‘We Society’ – combining the ‘We’ and the ‘I’. The two strands of thought both believe in the duty to treat people fairly in a capitalist syst that, without guiderails, spirals into inequality, monopoly and exploitation.brbrOut of this shared worldview came the great reforming Liberal government of 1906–14, supported by Labour MPs who’d been elected in industrial areas with Liberal backing. This alliance, Hutton argues, was the great opportunity of modern British history. It was destroyed by the First World War. In 1945 a Labour government, informed by great Liberal intellectuals like Keynes and Beveridge, showed once again what can be achieved when the two progressive strands fuse.brbrSince then, our deeply unfair electoral syst has allowed Conservatives to dominate government and commit a long series of great, avoidable errors. The Labour Party, fatally divided between socialist purity and timid pragmatism, must rediscover the ingredients that made for the success of the great reforming governments of the twentieth century.brbrThis failure to uphold the ‘We Society’ has betrayed Britain. Capitalism must be repurposed to work for the common good. And our degraded docracy, the necessary means for such change, must be reformed. Hutton’s proposals are inspiring and rooted in values held by the overwhelming majority of us. Above all, they are achievable.p