I watched that program last night, and actually though it hit the nail on the head. His argument was basically the one I've been spouting, which is the state is too bloated, it costs too much and too much private money is being taken out of the productive part of the economy to bank-roll it, which is crippling the productive part. He very cleverly used Hong Kong as an example of how to get an economy right, and showed how the Chinese in Hong Kong venerate a British Civil Servant (to the point of having bronze statues of him all over the place) who reduced taxes massively, leading to the very first 'Asian Tiger' economy. He also completely destroys both Alistair Darling and Brendan Barber, General Secretary of the TUC in a friendly interview. Well worth watching.