End crony capitalism, sell federal land, limit tax breaks for the rich
Gummit don’t work good. That conclusion, often that inelegantly expressed, seems to be more and more common, not only in the United States but around the world.
It is certainly the verdict of John Micklethwait and Adrian Wooldridge in their new book The Fourth Revolution: The Global Race to Reinvent the State, although expressed, as you might expect from the editor and business editor of the Economist, in far more urbane language.
Their thesis is that the state has been reinvented three times in the last 400 years, and needs reinvention once more. The first revolution they name after Thomas Hobbes, the seventeenth century philosopher who called for a powerful dictatorial state to protect people from the horrors of all-out war.
It was superseded by the nineteenth century named after John Stuart Mill, who wanted a small state run by competent civil servants to guarantee individual liberty under the rule of law. It was succeeded by the welfare state championed a century ago by Sidney and Beatrice Webb, to protect the industrial masses from want and need.
It is certainly the verdict of John Micklethwait and Adrian Wooldridge in their new book The Fourth Revolution: The Global Race to Reinvent the State, although expressed, as you might expect from the editor and business editor of the Economist, in far more urbane language.
Their thesis is that the state has been reinvented three times in the last 400 years, and needs reinvention once more. The first revolution they name after Thomas Hobbes, the seventeenth century philosopher who called for a powerful dictatorial state to protect people from the horrors of all-out war.
It was superseded by the nineteenth century named after John Stuart Mill, who wanted a small state run by competent civil servants to guarantee individual liberty under the rule of law. It was succeeded by the welfare state championed a century ago by Sidney and Beatrice Webb, to protect the industrial masses from want and need.
BARACK OBAMA: Sociopath or just a good ol’ fashioned lying
politician?
OBAMA’S GOLDEN AGE OF WALL STREET LOOTING
While stock prices have nearly tripled since
March 2009, the income for a typical household in the US fell by 8.3 percent
between 2007 and 2012.
OBAMAnomics AT
WORK: STAGGERING POVERTY FOR AMERICANS. JOBS and WELFARE FOR ILLEGALS.
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