this too shall pass, nothing is ultimately enduring! but we don’t know how good things can be or how long things can last, we can just go for as good as long as we can. 1/

economic liberalism has failed multiple times, but i don’t propose we do away with it. i propose we modify it, learn from the specifics of how it has failed, reorganize, regulate, cabin it in ways likely to prevent those failures and other failures we can foresee. 2/

we will always have the unforeseeable to contend with. 3/

social democracy (itself a hybrid of socialist and economic-liberal ideas) collapsed in much of the world over the 1970s. that doesn’t mean we jettison it, presume it is doomed to rapid collapse. 4/

like “economic liberalism”, it refers to a broad space of possible arrangements. we try to learn from experience how to make its considerable virtues more resilient and sustainable than the last time around. 5/

how well can we succeed at this? we can’t know. but lots of fruitful development takes the form of failure and iteration. it’s unwise to let failure signal its useless to iterate, if the goals you are not quite adequately achieving remain worth pursuing. /fin