As we gaze in stupefaction across the Atlantic at these spooling zeroes, we are forced to ask ourselves an embarrassing question: why isn’t Mark Zuckerberg British? There seems no reason in principle why we should not be equally blessed with the entrepreneurial drive that has produced Facebook, Google, Twitter and other such zillionaire-spawning companies. We have the right timezone for an international media giant; we speak the world’s language; our capital is one of the safest and most liveable big cities in the world. We have all sorts of geniuses installing themselves in the vicinity of Shoreditch’s Silicon Roundabout, and no less an authority than Wikipedia’s Jimmy Wales says that London is now the world’s best place for an internet start-up.

It is not as though we lack potential Zuckerbergs. Our universities are pullulating with brilliant young men in T-shirts who like playing Call of Duty and have slight difficulties with girls. We are fantastically fecund at coming up with new games and new apps. The very concept of the World Wide Web was devised by London-born Sir Tim Berners-Lee. So why isn’t there a British Facebook? Why aren’t these billions about to explode into the pockets of people in this country?