My readers know this is a question at the top of my mind these days.
I’ve seen that an anti-commerce political party (Democrats) can bring economic growth to a complete halt in the U.S. So I worry whether a continuation of Democrat power can permanently destroy this fragile world of modern commerce that seems to have only thrived in my lifetime.
I look at England. Permanently destroyed by the Labor party in power for only four years after 1945.
I look at New York, a center of American innovation until the 1960’s and nothing there since.
Today, only the U.S. and Israel are sources of modern commercial innovation. A century ago both Britain and Germany were part of this club.
Holland was the home of modern commerce in the 1600’s but never again reached that peak.
I still have some hope because Americans will always find a home somewhere in Idaho or Utah. Will that be enough to keep the flame of modern commerce alive or is a larger playing field necessary?
As far as I can tell less than a dozen people understand the many elements that are needed for modern commerce to thrive. Meritocracy, diversity, openness, egalitarian spirit, individualism, love of markets and the institutions to support all of this.
Have I lived in the only period of human vitality?