In a speech to the Conservative Party's annual Black and White ball - an extravagantly lavish event where, for just £15,000 a table, Britain's super-rich are allowed to schmooze with numerous boozed-up Tory Cabinet members - Theresa May attempted to raise the spirits of the assembled assortment of multi-millionaires and multi-billionaires by vowing to 'defeat socialism today as we have defeated it before'.