Why is classical liberalism back in the United Kingdom?

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Britain’s youth are more liberal than their parents ever were, but what does that mean for the UK business environment? After reviewing the Economist video Sex, Drugs, and Adam Smith, consider:
Why is classical liberalism back in the United Kingdom?
What are some of the formal and informal institutional and cultural effects of this discussion?
What effect might it have on the IBS of the UK firms?
http://www.economist.com/blogs/blighty/2013/05/britains-classically-liberal-youth
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