After accusations of cronyism, the UK government defends health secretary Matt Hancock after it emerged he is part owner of a firm along with his sister which won contracts from NHS Wales.
Much of the change is a direct result of the vast expansion of the state through complex subsidies and anti-competitive regulations that invite the sort of cronyism that Mr Meltzer cites as well.
The last long-term shift is less certain and more unwelcome: a further rise in corporate concentration and cronyism, as government cash floods the private sector and big firms grow even more dominant.