Unformatted text preview: Vice President of the Center for American Progress and Director of the Open Society Policy Center, 2005. THE DEMOCRACY ADVANTAGE, p. 17. A strong case can be made that they are the worst suited. Since they are narrowly based, the economic growth that is realized is likely to be confined to a sliver of the population. Lacking transparency, autocratic governments tend to encourage patronage and corruption. Their repressive nature also makes them susceptible to internal conflict. Far from nudging their economies to that magical middle-income threshold, autocratic government may actually impede the process. We believe that a policy strategy dependent on autocratic-led economic development is thus perpetually caught in a vicious circle. Since these societies rarely develop, they are never considered "ready" for democracy. SLHS Value File Capitalism Good
The common good is secured through maximization of market freedom for individuals Linda C. Raeder, doctoral candidate political theory at Catholic University of America, THE INDEPENDENT REVIEW, Spring 1998, p. 519-35
For Hayek, the cultural achievements of Western civilization reflect not superior knowledge per se but the evolution of a method of coordination that encourages the generation and utilization of more knowledge than any other method yet discovered. No mind or group of minds could consciously assimilate or coordinate the vast knowledge and information that daily enters the social process via the market mechanism. Indeed, much of that knowledge cannot be consciously communicated or articulated. Knowledge, Hayek reminds us, consists not merely of explicit, systematized theories and data but also of the inarticulate "know-how" embodied in "techniques of thought," habits, dispositions, and customs and of the fleeting local knowledge of specific times and places, whose utilization is so essential in the functioning of a complex social order. In short, Hayek contends that certain epistemological facts render t...
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This document was uploaded on 11/20/2013.
- Fall '13