Capitalism works well in developing countries when certain cultural obstacles are overcome. But if we ignore the cultural foundations of market institutions, we only succeed in generating contempt for capitalism.
In the wake of Shays' Rebellion, "the ultra-nationalist leader James Madison" looked for "a way to strengthen the power of Congress." The Annapolis Convention was an important first step to building a national leviathan.
Federal regulators are claiming "socially responsible investing" can be just as good as traditional investing in terms of gaining returns for retired workers. But if that's true there's no need for regulations pushing these investments at all.
Of course, scientists were never supposed to run our society. The technocrat class cannot possess all of the knowledge necessary to effectively run the lives of 330 million Americans. But that will not stop them from trying.
The mental viruses Saad has in mind are to a large extent those that deny that human beings have a biological nature: “Many idea pathogens share one common thread, a deep desire to liberate people from the shackles of reality.”