There have been more innovations and inventions (in technology and models of governance) in the last 30 years than there have been in the last 300 years (even more in the last 100 than in the last 1,000 years). Technology and connectivity have altered human behaviour, the most important ingredient of economics. In this scenario, to tout political models and economic systems from the dark ages is unwise. That being the starting point, I’d like to point to the folly of defining policy prescriptions in ideological terms.