Sohrab Ahmari takes a long, historical view of capitalism and finds one period in the modern era when economies worked well. In the United States this was the 40 or so years after the Great Depression and through the 1970’s – the New Deal years. In Europe it began during the recovery from the Second World War. Ahmari calls this phase in world economies social democracy, or transatlantic “socially managed capitalism.” (p. 144) To understand Ahmari’s praise of this period,... Read more