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Feb 06, 2012


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That was really interesting. Thanks.
I find the insights are in line with my realizations of late. I live in an oil-rich Arab country, and it becomes more and more obvious to me that the most difficult part of democratic capitalism has to do with institutions like a free press and an independent judiciary and a culture of civil rights and transparency much more than it has to do with the mechanics of voting, and legislatures, and written laws.

Michael W. Kruse

You are welcome.

There is an economist at the University of Virginia named Peter Rodriguez who says the key element for economic growth in emerging nations has not been democracy, but rather stablity and predictablity. Even in a less free society, if deicsions aren't made in arbitrary ways and there isn't constant threat of turmoil, businesses can plan and adapt to a predictable environment.

If people are despartely poor, they have no property to lose when political fortunes change. "Democracy" ends up being about voting for the tryant who will deliver the most goods. However, as prosperity begans to increase for a wide range of people, citizens have more at stake if arbitrary change occurs. A broad based movment arises to have more transparent government and a legal system that will handle disputes justly. I think that is what the author of this article was observing. The path to a more civil society varies considerably but it does all seem to approach a similar destination eventually.


I much prefer the assessment of the state of the world,and how we got to here, provided by these references.
http://www.dabase.org/coopdoub.htm Written in the mid

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