What remains for all of us to face up to is her political and economic heritage, for Thatcher might be dead, but Thatcherism is alive and well. And its reach was never more ubiquitous as is it today. In her very own words, Thatcher affirmed individual gain above collective benefit when she said: "There is no such thing as society."

Capitalism is indeed in crisis today. We need a way forward. This requires that our gleeful bashers take a breath and back off. For this to happen, free marketeers need to step up.

The ideas proposed by Ed Miliband in his speech to the IPPR on immigration include forcing firms to disclose if over 1 in 4 of their employees are from overseas, tighter enforcement of wage controls and ultimately fine companies if they do not comply.

Market fundamentalism is to be given free reign; never mind that it was the erroneous notion "the market knows best" that brought us the economic depression engulfing western societies.

Ed Miliband will make an error this week when he prevents his MPs an open vote on an EU referendum. Polling data shows that the majority of voters want their say on EU membership. Also, recent political history should also impress upon the Labour leader that his party's credibility can hinge on their approach to European matters.

Politics that seeks the liberation of people from poverty, injustice and persecution can be a powerful force for change.