In praise of structural reform is the February 27, 2012 edition of the Economist Blog titled Free Exchange authored by R.A. The essay has an imposing graphic/chart as it’s introduction yet it manages to express the slangy anecdotal qualities that is the signature style of the blog. The chart is perhaps a hold over from the stogy world of statistical data favored by the old hands at the Economist, while the blog itself argues in the patois of the web. Although the essay never emancipates itself from the Neo-Liberal project, post the 2008 crash, of Austerity as the next logical step after the failure of the calamitous Free Market experiment. Advocated, now, by the same public intellectuals who argued that the Free Market was the key to our future economic prosperity and our emancipation from the economic/ethical burden of New Deal Romanticism and the Welfare State. Austerity and Structural Reform have now replaced the Free Market as the passport to our radiant future. It isn’t so much economics, rather it is a benighted vulgarized Social Darwinism, a blend of the thought of Hayek and Friedman framed by the chatter of the tireless pamphleteer Ayn Rand. And the author rhetorically establishes her/his position as the moderate position, the mean between two extremes, without articulating what the extremes might be, but letting the reader supply those unarticulated but implied definitions. The keys to understanding this commentary are that the care and maintenance of bourgeois political respectability is the first order of this essay and its corollary, that the debate is ruled by the master idea of the unchallengeable natural superiority of a triumphalist capitalist collectivism.