Mont Pelerin society meets every two years. This year it met in Prague (Czech Republic). Reports from Prague indicate ongoing concern among defenders of liberty about dangers of untrammelled democracy:
One of the key messages Schwartz offers is, “democracy belongs in its proper place, namely wherever decisions are taken on matters affecting everyone and where public goods are involved.” The knowledge that democracy can demand wealth transfers to the unproductive, regulate the productive and reward the agitational intellectuals, thereby creating adverse incentives towards work, savings, investment, etc. and bringing about the death spiral of affluent nations was a dominant concern of many attendees. [Source]
In my view, it is increasingly clear that the world has failed to design sensible governments. We need solid reviews of the theory of government from first principles. Key areas of analysis would be:
a) analysis of constitutions and recommendations on better constitutions;
b) analysis of democratic mechanisms and design of mechanisms that will succesfully limit the slide into socialism/ redistribution; and
c) systems to elect people who will resist pressures for government to provide solutions to every "problem" under the sun.
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