Land Of The Free?- Published in IM-1776, Jan 2021

The idea of freedom ‘thus degenerates into a mere advocacy of free enterprise’, which means ‘the fullness of freedom for those whose income, leisure and security need no enhancing, and a mere pittance of liberty for the people, who may in vain attempt to make use of their democratic rights to gain shelter from the power of the owners of property’.

Les États-Unis d’Amérique présentent une exception historique en s’étant constitués d’emblée en démocratie, autour des idées d’égalité des conditions et de liberté individuelle. Au prix cependant de deux tragédies historiques : l’esclavage et le génocide des Indiens.

The United States was now reaching the end of its first era. It had to expand westward. It needed food production to surge. Settlers were being crushed by Hamilton’s formerly useful and now-harmful idea of how credit ought to be managed. And continuing doing what had worked so well in the first part of the era would intensify the crisis. The core f