ABSTRACT

Classic Liberal Democracy is Golden Communism's principal rival. 169 It offers nations the possibility of adopting a Pareto-optimal economic system that mobilizes initiative, maximizes productivity, pays people exactly what they earn and allows them to maximize their utility. Golden Liberal Democracy enthrones the individual over society. Consumers and voters are sovereign. They can be as charitable or selfish as they prefer. They can hire government as an agent to provide public services, or do everything themselves, all in accordance with the social contract and rule of law. Adam Smith and John Locke are their patron saints. 170