Diamonds are aglitter but policy's stuck in the mud

Writing from London at the start of the Diamond Jubilee, Steven Pearlstein argues that the Cameron government has both economic and political reasons for easing up on its refusal to engage in "targeted investments" (i.e., spending on certain projects like a new London airport and new housing), but the memory of Thatcher is acting as an unhelpful brake on what remains of the Conservative imagination. Too bad they don't reach a bit further back and look to the tradition of Tory Democracy.