Freedom Spreading (aka Gap Shrinking) via the Promotion of Entrepreneurial Capitalism

Via the PSD Blog, Carl Schramm writes in USA Today, starting with:

Smith‘s great revelation was that political freedom would most likely emerge and persist under conditions of economic freedom, what we now call capitalism. Our democratic system as defined in our Constitution incorporated respect for this economic system. Like Smith’s invisible hand in the market, the Framers saw an invisible hand in our politics. They believed that, if allowed to work freely,
these hands together would shape America into the land where invention, creativity and entrepreneurial activity would flourish.

and then the money quote:

More than the export of democracy, it is the export of entrepreneurial capitalism that can produce a new birth of peace and freedom around our globe. Entrepreneurial capitalism is based on individual invention, and because wealth comes from one’s own initiative, it advances human dignity.

And here is the good news. Virtually every country, whatever its
political system, wants to embrace it. They have seen the success of
the American economy.

The benefits of PNM Theory‘s Globalization flows from the above. It is analogous to the Democratic Peace Theory, sort of an Entrepreneurial Peace Theory.

I have not written much on PNM Theory yet (I have been putting off a series of post on it). One thing that always bothered me was the avoidance of idea promotion especially democratic ideas. I did not see how the gap could shrink if it didn’t introduce new memes to replace long existing bad memes.

Entrepreneurial Peace Theory (aka PNM Globalization) is sort of a backdoor (think 3GW or 4GW) to the same result as Democratic Peace Theory (think 1GW or 2GW). Entrepreneurial Capitalism promotion might be more subtle/indirect then Democracy Promotion and therefore have a greater chance of success. The best results will come from promoting both as there is much overlap and re-enforcement between the two. Considering the above and PNM Theory, the effort on behalf of Entrepreneurial Capitalism promotion should be at least twice that of directed toward Democracy Promotion.

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