CHAPTER 24Agenda for Democracy

A political community cannot be healthy if it cannot exercise a significant measure of control over its economic life.

—HERMAN DALY and JOHN COBB JR.

I sympathize, therefore, with those who would minimize, rather than with those who would maximize, economic entanglement between nations. Ideas, knowledge, art, hospitality, travel—these are the things which should of their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible, and above all, let finance be primarily national.

—JOHN MAYNARD KEYNES

Democracy turns on a question of power. Does power reside in the people, based on one person, one voice? Or does it reside with distant rulers and institutions over which the ...

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