I have WHAT in my yard? :
Granted, what we have is not democracy, it is supposed to be a representative republic. It is not that either and in the text the author was using the term democracy as do most americans - as representative government. Q, you and I have had that part of this conversation before so you know, I know what democracy is and is not.....
Mob rule is a disaster. Most of the countries currently in chaos seeking freedom will end up with despots worse than the devil they knew. But, there remains the chance - slim but still there - that they may yet pull it off and at least in these cases they are seeking it rather than having some one try to hand it to them.
Either way the fact that the Libyan rebels managed to start a bank and an oil company overnight is well let's just say it does not bode well for their fledgling democracy. Debt based fiat currency anyone??
The issue again, is the "at nearly everything" part..... the market cannot do many things that do not respond well to short term profit motives. Funny things like roads and sewer systems and legal systems........ Well we have managed to do away with most of that last one in favor of a profit based one.
Legal systems, no, of course not. I'm inclined to disagree with a lot of libertarians about whether the private sector could adequately provide police protection, though I keep an open mind on the subject. But, actually, history shows that the market will in fact provide roads. Private companies do in fact look long-term, contrary to popular rumor. In the early 1800s, MANY roads were built by private companies. Why? Their customers saw that it would be to their economic advantage to have a road constructed to their town, so they shelled out the cash to road-building companies. If I can find them, I'll get back to you with the statistics on the private road-building in that era. There's also a great John Stossel video on the matter, showcasing the spectacular successes of modern private highways in reducing traffic here:
http://www.youtube.com/watch?v=c5DCmDXJun4&feature=related
As far as sewer systems, the market has never really been given a chance.