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181 " The narcissism of student movements, new Left ideologues and the popular culture of the ’60s generation invited a conservative backlash. "
― Tony Judt , Ill Fares the Land
182 " By the late ’60s, the culture gap separating young people from their parents was perhaps greater than at any point since the early 19th century. "
183 " Keynes himself had taken the view that capitalism would not survive if its workings were reduced to merely furnishing the wealthy with the means to get wealthier. "
184 " here, it was not until the mid-1970s that a new generation of conservatives felt emboldened to challenge the ‘statism’ of their predecessors and offer radical prescriptions for dealing with what they described as the ‘sclerosis’ of over-ambitious governments and their deadening impact upon private initiative. "
185 " What exactly is a ‘gated community’ and why does it matter? "
186 " Shanghai—the term denotes people who have gathered together into affluent subdivisions of suburbs and cities and fondly suppose themselves functionally independent of the rest of society. "
187 " But today, they are everywhere: a token of ‘standing’, a shameless acknowledgment of the desire to separate oneself from other members of society, and a formal recognition of the state’s (or the city’s) inability or unwillingness to impose its authority across a uniform public space. "
188 " where the ‘Chicago boys’ got their ideas, we shall find that the greatest influence was exercised by a handful of foreigners, all of them immigrants from central Europe: Ludwig von Mises, Friedrich Hayek, Joseph Schumpeter, Karl Popper, and Peter Drucker. "
189 " All five were profoundly shaken by the interwar catastrophe that struck their native Austria. "
190 " Beginning with a handful of outstanding intellectual refugees from interwar Europe, we pass through two generations of academic economists intent on re-configuring their discipline … and arrive at the banking, mortgage, private finance and hedge fund scandals of recent years. "
191 " Whatever their other differences, French Gaullists, Christian Democrats and Socialists shared a common faith in the activist state, economic planning and large-scale public investment. Much the same was true of the consensus that dominated policy-making in Scandinavia, the Benelux countries, Austria and even ideologically-riven Italy. "
192 " By the late 1960s, the idea that “nanny knows best” was already starting to produce a backlash. "
193 " The idea that those in authority know best—that they are engaged in social engineering on behalf of people who do not understand what is good for them—was not born in 1945, but it flourished in the decades that followed. "
194 " The consequences are clear. There has been a collapse in intergenerational mobility: "
195 " Thus the incidence of mental illness correlates closely to income in the US and the UK, "
196 " between 1983 and 2001, mistrustfulness increased markedly in the US, the UK and Ireland—three "
197 " life closely track your income: residents of wealthy districts can expect to live longer and better. "
198 " The wider the spread between the wealthy few and the impoverished many, the worse the social problems: a statement which appears to be true for rich and poor countries alike. "
199 " What matters is not how affluent a country is but how unequal it is. "
200 " The legacy of unregulated wealth creation is bitter indeed. "