Ah, intellectuals. Comment is free and so it should be, but at this length, and from an academic whose knowledge of the market place is almost if not entirely from books? History would suggest that to listen to such sirens is dangerous for any people. Better sweep away the bureaucracy good ideas always produce, soaking up the money that  the private sector produces and concentrate on the basics: supremacy of the Law of Contract, the right to hold private property, freedom of speech,  an independent judiciary, and the right to make a profit selling things and services people  need. Keep taxation to a minimum for government to provide safety, clean water, repair and build roads and railways, and provide a basic education for everyone -- an education that explains why these things are important.

Labels: moderation: safe