In this penetrating study Will Hutton analyses the principal shortcomings of the free market: a major shift of power to the employers, a sharp rise in inequality and a disproportionate share of risk being borne by those least able to bear it. Drawing on his concept of a stakeholder society he shows how a future government can create both a stronger economy and a fairer society. He outlines specific policies which would minimise the social risks of a free-market economy while at the same time maximising its efficiency in a European context. Will Hutton concludes that Conservative politics have failed: Britain needs a government that is informed by a new vision of how to combine a successful market economy with a fair society. This can only be realised by creating a more dynamic democratic culture. With its commitment to constitutional change only a future Labour government will be able to set a new agenda for Britain. The State To Come is essential reading on the choices the British people have to make on election day, and a powerful argument for a future society that is based both on economic efficiency and social equality.