Our children have to make do
with the consequences of what we’ve cooked up.

The happier amongst us live in states run as liberal democracies.
Most countries on this planet define themselves, constitutionally speaking, as being democratic.
And except for a very few, all the others behave in an apparently capitalistic manner. Some under a free(ish) market and the rest under a ‘mixed’ regime.

Since we’re speaking about the ‘current’ socioeconomic arrangement, which is in flux, we still don’t have a name for it.
We do have a name, though, for the previous one. Feudalism.
And for the one before that. Slavery.
Or, to use a modern term, all the previous regimes might be bundled together as ‘authoritarian-isms’. Regimes where authority flows from top to bottom and where feed back comes only in the form of revolution. Coup d’etat. Dynastic change… and other euphemisms.

History suggests, and those wise enough to notice implement this lesson where ever possible, that all authoritarian regimes crumble under their own weight.
While liberal democracies tend to survive for as long as they maintain their liberal nature. Their freedom!

What’s the difference between liberal and ‘illiberal’ democracies?

“It’s not who votes that counts
but who counts the votes”
Josef Stalin

Now, speaking seriously – as Stalin style ‘popular democracies’ have crumbled more than 30 years ago, following all other ’empires’ which no longer exist, there is a difference between liberal, a.k.a. functional, and make-belief democracy.
People maintaining a liberally democratic regime take their job seriously.
They speak up their minds. Hence the problems become known.
They listen what the others have to say. Hence the people are not only aware of problems as they arise but people also have the opportunity to understand the nature of those problems.
They respect each-other. Hence they treat all problems, affecting all the people, in a fair manner. Thus maintaining the natural stability of the social arrangement.

It goes without saying that in a liberal democracy everybody can vote and each vote is counted…

An illiberal democracy, on the other hand, is where things are more complicated.
The most illiberal situation is that where it doesn’t matter whether people vote or not. The results have been counted beforehand. The latest example being Venezuela 2024.
A more ‘subtle’ picture is offered by, for example, Hungary. As a matter of fact, it was Viktor Orban, the Hungarian “dictator“, the one who had coined the very notion of “illiberal democracy“. A revamped Constitutional Court, some Constitutional Amends, “emaciated checks and balances“, tight controls imposed over the media…

What about the ‘capitalist’ part of the current arrangement?
I’m afraid we waddle in confusion here.
We no longer make any distinction between ‘capitalism’ seen as ‘hoarding money as a sport’, and ‘using accumulated fiscal deposits as resources for building something new’. New and useful, of course…

‘Fiscal deposits’ – hoarded fiduciary money – have been around since coins have been minted. And IOU notes have been written. But capitalism, as Adam Smith understood it, wasn’t born yet at that time.

Under authoritarian regimes, having a lot of money does offer some leverage. But no immunity!
Consider what had happened to the Templar Monks when France’s Philip the IV-th coveted their money. Or the fate of the richest Chinese, after he had been perceived as being too cocky by the communist regime…
Whenever ‘capitalism’ takes place in liberally democratic settings, the market can be described as being ‘free’. Each economic agent – buyer or seller – decides in an autonomous manner. Takes their own advice and has to obey nobody’s orders. Has to obey the law but doesn’t have to abide to any whims.

Putting two and two together, for a society to remain functional in the longer run, the most importing thing is the ‘free market’.
The key word here being ‘free’. The meaning attached to the word and the understanding people have about the concept.
There is ‘free’ as in ‘free for all’ and free as in ‘freedom under the law’.
‘Free for all’, also known as ‘the law of the jungle’, inevitably ends up as a ‘dog eat dog’ situation while freedom under the law remains functional for as long as The People bring the law up to speed whenever needed.
The ‘market’ part is a lot simpler.
A ‘place’, an ‘open’ space, where both ideas and wares are exposed and exchanged. Amongst those who come to the market, to the agora, to solve their problems. To fulfill their needs.

As long as that ‘space’ remains free – as in ‘open’ for all – most people are able to make ends meet. The situation remains stable. For everybody to enjoy.
As soon as one ‘operator’ starts to ‘corner the market’ – using any of the already known ‘technologies’, the most popular being the old fashioned lie – the situation becomes potentially dangerous.

Whenever ‘The People’ have a sound understanding of what freedom really means, the bullies are ejected from the system. The ‘antitrust’ legislation is put to work and the budding ‘monopolies’ are dismantled before real harm was done.
If not… If von Papen hadn’t helped Hitler to rise into power and if Chamberlain hadn’t led the free world into submission…
Had we not threaded so lightly when Putin snatched Crimea back in 2014….

https://carnegieendowment.org/posts/2017/03/revisiting-the-2014-annexation-of-crimea?lang=en

“he said abortion bans early in pregnancy went too far,
suggesting Republican candidates needed to be moderate enough on the issue
to “win elections”.”

The point I’m trying to make here being that what candidates say matters.
That we really need to see through their words.
Whether they are interested in solving issues – and which of them – or they simply want to accede to power.

Doesn’t matter? As long as they keep their promises?

Do you really expect a lying bully to keep up with their words? To fulfill their promises?
Are you comfortable with ‘hiring’ a lying bully to mind the future of your children?