I now think like HHH that democratic republicanism is defective by design. Unlike HHH, I’m not so sure that classical monarchy is the solution.
However, I couldn’t help but think of this video and HHH’s assertion that democratic republicanism has actually retarded quality economic growth when I read this story this morning. And since I found it on Instapundit, you knew Glenn Reynolds would end with with a short editorial, in this case:
But all that regulation — while making the country much poorer — has vastly enriched the parasite class. They have a bigger slice of a smaller pie, and they like it that way because it makes them feel important.
And this parasitism that has benefited the parasite class at the expense of having a $32 trillion economy instead of a $17 trillion economy is blood on the hands of duhmocrazy.
I also think one of the prime offending elements to explain why the growth of American GDP per capita is far slower than it might be is that, thanks to the 1965 No Borders Act and similar subsequent legislation and the non-enforcement of what little immigration law remains, the denominator of “capitas” is way higher than it should be.
As an aside, HHH in this presentation brought up the concept of hereditarian ownership of a house. He was right in what he said, but he forgot a crucial element: The people that genuinely own their house (even if “ownership” is in the mortgage and equity accruing sense) don’t have just an interest in maintaining their house for their own distant future and for the future of the people that are destined to inherit it and future generations of their own gene line, they have a direct incentive to make sure the entire neighborhood remains quality and livable and pleasant. Extrapolating that to an entire country run by a hypothetical patriotic nationalist hereditarian monarchy, the incumbent king or queen isn’t just invested in good government or good governance at the moment, he or she wants a consummately quality country. Just as the hereditarian homeowner wouldn’t want a black-filled Section 8 apartment complex to be built on an empty parcel over in the next block, the hereditarian governor wouldn’t want the cores of his or her cities to become a conga line of Bell Curve Cities.