From the magazine Kate Andrews

Impeccable history of the free market – and from the BBC too

Countless histories of Britain’s free-market transformation end up being hit jobs. Not the new Radio 4 series Invisible Hands

Kate Andrews Kate Andrews
Architects of free trade: Keith Joseph (then secretary of state for social services) and Margaret Thatcher (secretary of state for education and science) in 1971.  PHOTO: EVENING STANDARD / HULTON ARCHIVE / GETTY IMAGES
EXPLORE THE ISSUE 12 April 2025
issue 12 April 2025

The launch of Radio 4’s Invisible Hands series has been both blessed and cursed by timing. It tells the story of Britain’s ‘free market revolution’, just as President Donald Trump overhauls the free trade consensus of the past 40 years and world leaders grapple with how to respond. The problem is the hypotheticals posed at the start of the first episode – that free market capitalism ‘might be in crisis’; that ‘the global free market might be under threat’ – are already out of date.

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