On the State, the Market, and the Responsible Individual

A few years ago, a popular subject for discussion among the policy class was a book by Francis Fukuyama called The End of History. The main idea is that the end of the cold war, the collapse of the Soviet Union, and the release of Eastern and Central Europe from Communism have produced a lasting solution to the long struggle between democratic capitalism and totalitarian socialism. Democratic capitalism has emerged as the victor in the struggle. For the foreseeable future, Fukuyama claims, democratic capitalism will flourish everywhere.