It was a big surprise for me, and I think trying to grasp it turned me from being a libertarian into a real conservative, because I went into this book thinking that the answer to the question I was asking was economic freedom. I just assumed more economic freedom meant the richer a country would be, whereas it turned out to be rule of law. First you have to have that basis of rule of law.
Democracy sees that the laws are fit to be obeyed.
It is a fundamental issue to consider, and the attempts to explain the distribution of wealth by America's premier right-wing journalist produce an unusual concoction. A die hard Republican naturally starts examining world finance on Wall Street. The nature of the market is sized up, and some of its players' attitudes knocked down. Despite personal theories which we all nurture about the nature of businessmen, the idea of some people actually being happy in such a greedy, overworked rabble is pause for thought in itself. It is here that the nature of high finance and all its huge financial ramifications becomes frighteningly exposed.