There has already been much debate about British Labour’s election manifesto commitment to re-nationalise the UK’s energy, rail, water and postage networks as well as Conservative promises to increase the minimum wage, introduce new protections for workers in the ‘gig economy’ and support the domestic shale gas industry.

Are Labor’s plans a retreat to the 1970’s or a preview of the developed world’s future? Is Theresa May a ‘Red Tory’ excising Thatcherism or a politician determined to claim the sensible centre? Is there a role for the state in setting wages or running trains, and should the voting age stay at...