Meanwhile, effective statecraft is conspicuously lacking. Institutions have failed to adapt. No one today would design a UN Security Council that looked like the current one, yet real reform is impossible, because those who would lose influence block any changes. Efforts to build effective frameworks to deal with the challenges of globalization, in

The federal government has become the domain of hedgehogs, urgently needed people but profoundly insufficient. It is wisdom that is lacking, and there is no civil service code for the wise.

Since men love freedom, and the freedom of individuals in society requires some regulation of conduct, the first condition of freedom is its limitation; make it absolute and it dies in chaos. So the prime task of government is to establish order; organized central force is the sole alternative to incalculable and disruptive force in private hands.

the ability of portfolio investors to move money unfettered across national borders is a matter of controversy among economists, much more so than is the freedom of trade in goods. With regard to this aspect of global capitalism, the Argentine crisis underlines the need for major repair. It points inexorably to the conclusion that government effort