The reaction to the Labour leader?s conference speech is one of the strangest sights I have seen in many years. Granted that much of the public think Miliband a geek, and that his tight election made him a leader with precious little legitimacy, but the contempt that greeted his unexceptional remarks remains extraordinary. In a moderate manner, Miliband told a truth about Britain. For a generation we have been told that we must let the financial markets rip because they allow the creation of wealth. Now the markets have collapsed, and the richest people in the country have turned to the taxpayer and demanded and received a bailout, the old wisdom no longer applies. Yet when Miliband states the obvious, he is derided.