Rather than an approach defined by the centralised state or the untamed market, Miliband is committing to a progressive agenda defined by localism, transparency and accountability.
The weaker the party's offer of more powers becomes, the greater the risk that voters will opt for independence.
The Labour leader is, after much hesitation, ready to contemplate the problem of running public services in austere times.
The Tories and the conservative media would revolt against a Labour government dependent on Scottish MPs for its majority.
UKIP has surged into second place but it won't be troubling Labour next Thursday.
Former cabinet ministers Peter Hain and John Healey argue that the party must make an explicit case for investment if it is to counter the Tories' attack lines before the election.
An increasing number of Labour MPs believe that the party must make an explicit case for borrowing to invest if it is to counter the Tories' attack line of choice.
Unlike the education secretary, Tristram Hunt has nothing to say on the dominance of the private schools.
The party should radically devolve power and budgets to bridge the gap between "representative" and "responsible" government.
The great council housing boom of the post-war years was only achieved by public investment. The same action is needed now.