MacKenzie may have posted this before I complained that he failed to deconstruct Hayek. If so, I was off base and should eat crow, for that is what he does here. His points #1 and #2 contain some undefined, hence possibly meaningless, terms; but the other points make some sense, except for the undefined term "socialism", used as a generic pejorative. More consistency would be welcome. Thus, to hold up the U.S.A. as the sparkling example of anti-socialism, while also scoring the tendency of misguided investors to pour capital into works of slow payoff, is to ignore much of U.S. history. Mason Gaffney