Social Reality and “Free Markets”

The rapid advance of democratization in Eastern Europe and the Soviet Union, still underway as I write, is surely one of the most extraordinary revolutions in the long history of democracy. Just as no one, to my knowledge, predicted the time or speed of this dramatic transformation, so no one, I believe, can accurately predict the subsequent course of these democratic revolutions. But democrats everywhere are already entitled to rejoice over the enormous vitality of democratic ideas demonstra...