[aerosmile]

It feels like we're agreeing on some subjects (eg: too much regulation can kill economic growth), but disagreeing on the importance of economic growth for the defense of property rights and rule of law. My point is that those two items can only be guaranteed in a democratic society (you won't find them in places like Russia, Middle East, most of Africa, etc). In an earlier comment, I referenced a piece that discusses the impact of economic stability on Nazi's rise to power. You will find many other examples of democratic societies turning into totalitarian regimes at the time when people lost faith in elections (which is something they do when they can no longer pay for their food and rent).

[tmp231]

Yes I think we do agree on many things. I think in general we both value property rights and that’s a good place to be.

We may disagree on which is the cart and which is the horse. I think that in general you need a moral people who will enforce the rule of law to get economic growth, so the rule of law is the horse. And the horse’s horse is the morality of the people, something Weimar Germany was certainly lacking. Get those in order first and I think prosperity will follow. Try to put prosperity first, then it won’t matter what rule of law you have b/c the most important thing is to make money.