The objections raised against the market economy are based on very bad economics.
The number of jobs that require an occupational license now covers 30% of the US workforce, up from 5% in 1950.
Social Democracy fails for the same reasons communism did. It just fails more slowly.
The Swiss “Landsgemeinde” assembly provides some insight into how to create a less-bad form of political power. But that's still worse than true self-determination.
Even though security might be a necessary condition for development, it is not a sufficient one.
As Americans it behooves us to reassess the Wilsonian democratic legacy. More than an ephemeral aspect of our national past, it may be the fate that we have never escaped.
