By Bagehot
ED MILIBAND, the guy with the second-best opportunity of being prime minister of Britain after 2015, this afternoon stated that the nation was living through a once-in-a-generation possibility to reword the terms of the extremely social agreement that binds residents to the state. Speaking gradually, silently and seriously—eschewing actorly flourishes or lectern-pounding fury—the leader of the opposition set out what amounted to a detailed review of the lightly-regulated, finance-dominated, globalised financial design that has dominated in Britain for the p