When Time magazine conducted a poll in Europe in March [2003] asking which of three - North Korea, Iraq, or the United States - was the biggest threat to world peace, a whopping 86.9% answered the United States.

When Time magazine conducted a poll in Europe in March [2003] asking which of three - North Korea, Iraq, or the United States - was the biggest threat to world peace, a whopping 86.9% answered the United States.

This argument has been codified in the twentieth century as meritocracy, in which those on top in the process of capitalist accumulation have merited their position.

What is surprising is that their ideological opponents, the Marxists - the anti-liberals, the representatives of the oppressed working classes - believed in progress with at least as much passion as the liberals.

For the other end of the spectrum, the 50 to 85 percent of the world's population who are not the recipients of privilege, the world they know is almost certainly worse than any their earlier counterparts knew. It is likely they are worse off materially, despite the technological changes. In substantive as opposed to formal terms, they are more, not less, subject to arbitrary constraints, since the central mechanisms are more pervasive and more efficient. And they bear the brunt of the various kinds of psychic malaise, as well as of the destructiveness of civil wars.

To those critics who see capitalism as a system of inegalitarian, oppressive structures, its defenders have vaunted its ability to recognize and encourage what they call individual merit and asserted not only the desirability but also the inevitability of differential reward, of earned privilege, so to speak.

The employment rates are in very bad shape. We vastly underestimate the unemployment