Economic Democracy Without Statism:
Planning in the Framework of Liberty
The crisis of the individual arises out of the crisis of liberal democracy, a form of society built on the recognition of man’s right to liberty, personal identity, and moral responsibility. This crisis, in turn, is part of the crisis of a changing social order whose drives may lead to greater liberty, or to an absolute state whose power-needs destroy liberty.
True, liberal democracy has not fully promoted libertarian values, and that is one cause of the crisis. But this is also true: it provides the freedoms and mechanisms that can be used to rid itself of injustices and correct maladjustments.
To live and grow, however, liberal democracy must overcome four dangers. It can overcome them, it is my conviction, only if social change is directed into new libertarian channels.
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