Government Is Destroying Society

Civilization is fragile. It can be destroyed from within by merely forgetting what seemingly unimportant but necessary condtions. Like economics, society cannot be managed from the top down. It is dependent upon relationships among individuals and these are dependent upon rules or incentives.

I usually emphasize property rights and the Rule of Law as foundations for a civilized society. Naturally, freedom is assumed. Others use different terms, but they essentially point to the same things. Richard Mayberry, noted investment adviser, expresses his conditions less formally but equally meaningfully:

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