Thank you for such an interesting and informative essay. References to Veblen are always great to see.

I have argued that all morality/immorality is a matter of belief. Using beliefs to govern governance means some imposing their beliefs on others, which no one on the receiving end of such a process has ever thought was just.

I have developed an approach to justice that is strictly rational, involving no belief: the ethic of “real justice,” as I refer to it, follows from observation within material existence. Anyone who accepts the validity of those observations must accept that ethic for governing one’s actions within the ‘domain of justice’ (effecting choices). Applying real justice to the governance of governance would maximize liberty, reinforce political democracy, and transform the existing economy (not replace it with a different system).

The main point I want to bring up here is that real justice generates three ‘conditions of justice’ for the economy. One is (sufficient) freedom, which our existing economy has. The other two are the presence of a “democratically distributed income” and the absence of exploitation. The more of those conditions that are met, the more just an economy will be.

If your curiosity exceeds your cynicism, an introduction to the idea of a democratically distributed income is in “A Truly Great Idea,” by me, that the good people at Market Driven Investor published here in Medium.