Generalised failure of the free-market is opening up opportunities for the left

"There is a political swing towards what were once considered the ideas of the political left such as minimum wages, benefits and so on,” said Holgar Schaefer, labour economist at the Cologne Institute of Economics. “It is a tendency that is only likely to become more obvious in coming years.” Quoted from After the boomers, meet the children dubbed ‘baby losers’ by Graham Keeley for The Observer (10 May 2008).