Tyler Cowen: belief

Transcript context

…Yeah. Okay. One of the final things I want to do is I want to go into political philosophy a little bit. Okay. And ask that we haven’t been doing it already. Okay. So I want to ask you about certain potential weaknesses of the democratic capitalist model that we live in. And in terms of both in terms of whether you think they’re object-level right and second, regardless of how right they are, how persuasive and how powerful a force they will be against our system of government and functioning. Okay, so there’s a libertarian critique that basically democracy is sort of a random walk with a drift towards socialism. And there’s also a ratchet effect where government programs don’t go away. And so it just ends up towards socialism at the end. It ends up with having a government that is too large. But I don’t see the evidence that it’s a road to serfdom. France and Sweden have had pretty big governments, way too large, in my opinion. But they haven’t threatened to turn autocratic or totalitarian. Certainly not. And you’ve seen reforms in many of those countries. Sweden moved away from a government approaching 70% of GDP, and now it’s quite manageable. Government there should be smaller. Yet.…

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