There is even a plan in the United States to extend entitlements along the lines of the failed European experiment.
This does not stop a majority from wanting to put new debt-financed programs in train, be they as expensive as so-called Obamacare.
And all around the world the sudden check in growth has revived the self-destructive hostility towards globalization.
These are muddy and perhaps dangerous waters to explore, but let me take the plunge.
How acute can be gauged by the general denial of the positive effects of globalization on poverty.
Understanding Liberal Democracy Essays In Political Philosophy
The commonplace assertion is that the expansion of capitalism is making the poor poorer and the rich richer all around the world. If poverty is defined in absolute terms as the state of people living below a certain threshold of consumption, then the story of globalization in the last thirty years is astoundingly positive.
For many years they were content to sell their birthright for a mess of potage but suddenly now they fear they will go hungry: their pensions are being cut, the queues before the hospitals grow longer, and an increasing number of their young go uneducated. In the United States, public opinion is divided regarding the unstoppable growth of Government debt.
The need to reduce the deficit of the Federal Treasury is widely acknowledged, though there is disagreement about the speed of the consolidation.
emocracy is an unstable system that often does disservice to individual liberty.
With this stark assertion I want to pose two problems that have been with the friends of democracy from the very earliest times—going back to the Athenian followers of Pericles when traduced by Plato, to Alexis de Tocqueville and John Stuart Mill when concerned with the enlargement of the franchise, down to Friedrich Hayek and James Buchanan when proposing remedies for the demagoguery of our day.