Here we enter the realm of culture and ideas. For it is necessary not only to believe that it is economically feasible to behave in the irresponsible and egotistical fashion I have described, but also to believe that it is morally permissible to do so. And this idea has been peddled by the intellectual elite in Britain for many years, more assiduously than anywhere else, to the extent that it is now taken for granted. There has been a long march not only through the institutions but through the minds of the young. When young people want to praise themselves, they describe themselves as "nonjudgmental." For them, the highest form of morality is amorality.