Theresa May’s climbdown on corporate excess is a major retreat for the Tories
‘Mayism’, whether it left you in admiration or despair, at least seemed like an identifiable philosophy. It was concerned with social justice, but it wasn’t socialist: it was better described as post-liberal. Mayism was sceptical of free markets, which were prey to ‘selfish individualism’ (as the manifesto put it), but it didn’t see big government
