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Friends of capitalism feared that the events since 2007 — the financial collapses, bailouts, deficits and austerity — would produce a massive swing to the left, but it hasn’t happened. Voters have consistently chosen sensible, middle-of-the-road parties that undertook to steady the ship rather than sail in completely different directions.
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Tim Montgomerie is currently producing a report for the Legatum Institute on the reform of capitalism.
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