Anatole Kaletsky’s column in The Times is—how shall I put it?—interesting. In his considered opinion,

While America has been run by one of the most doltishly ineffectual governments in history, it has forged ever further ahead of Europe in terms of wealth, science, technology, artistic creativity and cultural dominance.

How can this be, or, more precisely, why does America’s prosperity and self-confidence seem to bear so little relationship to the competence of its government? Kaletsky has the right answer:

The obvious answer is that America, founded on a libertarian theory of minimal government, has always had low expectations of politicians. In America, it is not just business that thrives independently of government, perhaps even in spite of government. The same is also true of other areas of excellence which in Britain are considered quintessentially in the public domain — higher education, leading-edge science, culture and academic research. Because Americans expect so little of their government, they are rarely disappointed. They do not slump into German-style angst when their governments fail to find solutions to the nation’s problems.

Furthermore,

American politicians may be incompetent and venal, even by European standards, but this is not true of the public realm as a whole. America has a host of public institutions, ranging from government bodies such as the Federal Reserve and the National Institutes of Health to charities such as the great universities, museums and hospitals, that are driven by a sense of public service that puts British and European bureaucracies to shame.

Kaletsky raises a question: Would an America not run by a “doltishly ineffectual government” be better or worse off?