Even a politics that engaged rather than avoided substantive moral discourse, that attended to the civic consequences of economic inequality, and that strengthened the mediating institutions of civil society would confront a daunting obstacle. This obstacle consists in the formidable scale on which modern economic life is organized and the difficulty of constituting the democratic political authority necessary to govern it. This difficulty actually involves two related challenges. One is to devise political institutions capable of governing the global economy. The other is to cultivate the
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