There is a sea-change across London: watching the Games on the big screen in Hyde Park, at Wembley, on the banks of Eton Dorney, there is a new mood of optimism and unity. It’s like the entire city is pleasantly drunk; everyone’s in a good mood – just yesterday, I had a conversation with a complete stranger on the Tube – and everyone’s smiling. Sport may well be the opiate of the masses, but it seems everyone is much the happier for the odd sporting toke now and again.

Nowhere sums up the transformation better than Stratford itself. I and an old schoolfriend had a pair of Olympic Park tickets, and we wandered round it in a state of disbelief. Growing up, Stratford was a complete dump; it could have been a textbook example for substandard regeneration. Two high-tech transport routes, the Docklands Light Railway and the Jubilee Line extension, came to an embarrassing and anticlimactic halt at Stratford, a place there was no reason to visit unless you wanted to loiter in a grimy bus station or attend a cold and largely deserted art-house cinema.  Westfield has transformed Stratford from a particularly tatty bit of Gotham City to the heart of Metropolis, and it means that Stratford will be visited and loved long after the Games are over.

And that’s before you get to the park itself: a triumph of modern architecture to go alongside the redevelopment of South Bank or the Tate Modern, and an atmosphere that has the conviviality and bonhomie of a music festival. But it’s not just London that feels revivified and unified by the Games: a glut of British victories, with Olympians from everywhere from Bedfordshire to Liverpool to Dunblane wowing the crowds, means that, for the first time in a long time, people from all walks of life and all places feel a genuine sense of pride and belonging.

But, as with almost all highs, there is anxiety amongst the euphoria, anxiety that it’s just all too good to last, that we can’t keep smiling at each other on public transport, that the effective suspension of party politics has to give way to important battles over the economy, over Europe, over the constitution, that with the resumption of club football, we all have to go back to hating each other, that the economy’s still busted and the government’s still broke. We’ve lived so long with the prospect of the Olympics coming to Britain – barring a miraculous set of bids from Athens and Paris, we will be waiting a long, long time before we can host it again – and it’s been better than even the most Pollyannaish observers could have hoped for. We worry that the passing of the Olympics will leave a void that cannot be easily filled. Can it ever get better than this?

The honest answer is: of course, it can’t. Noam Chomsky once said that the reason why people are more excited by sport than politics is that we don’t write as excitingly about politics. That’s partly true, but the other reason is we don’t have – and never will have – politicians in the mould of Jessica Ennis and Mo Farah. We can’t defy technology, or the economy, or globalisation, in the way we can defy distance or water or gravity out on the field. But, hopefully, we can, at least, remember how we felt for these heady summer weeks, keep smiling at each other on the Tube, and remember that Stuart Pearce should never, ever, be put in charge of a penalty shoot-out.

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Stephen Bush writes a weekly column for Progress, the Tuesday review, and tweets @stephenkb

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Photo: Rachel Clarke