The idea of politics as a conservation in which the collision of opinions is moderated and accommodated, in which what is sought is not truth but peace, has been almost entirely lost, and supplanted by a legalist paradigm in which all political claims and conflicts are modelled in the jargon of rights.

The idea of a law of progress, or of an all but irresistible tendency to general improvement, is then merely a superstition, one of the tents of the modernist pseudo-religion of humanism. Even if such a law or tendency existed and were demonstrable, the liberal faith in progress would for Santayana be pernicious. For it leads to a corrupt habit of mind in which things are valued, not for their present excellence or perfection, but instrumentally, as leading to something better; and it insinuates into thought and feeling a sort of historical theodicy, in which past evil is justified as a means to present or future good. The idea of progress embodies a kind of time-worship (to adopt an expression used by Wyndham Lewis) in which the particularities of our world are seen and valued, not in themselves, but for what they might perhaps become, thereby leaving us destitute of the sense of the present and, at the same time, of the perspective of eternity.

Like other human freedoms, the freedoms embodied in market institutions are justified inasmuch as they meet human needs. Insofar as they fail to do this they can reasonably be altered. This is true not only of the rights that are involved in market institutions. It is true of all human rights.

In the world as we find it, even the barest requirements of a life worth living cannot all be always met in full. Toppling a tyranny may trigger civil war. Protecting a broad range of liberal freedoms may result in the regime that guarantees them being short lived. At the same time, supporting a strong state as a bulwark against anarchy may worsen the abuse of power. Wise policy can temper these conflicts. It cannot hope to overcome them.

The irony of the post-Cold War period is that the fall of communism was followed by the rise of another utopian ideology. In American and Britain, and to a lesser extent other Western countries, a type of market fundamentalism became the guiding philosophy. The collapse of American power that is underway is the predictable upshot.

The populist rant about greedy banks that is being loudly ventilated in Congress is a distraction from the true causes of the crisis. The dire condition of America's financial markets is the result of American banks operating in a free-for-all environment that these same American legislators created. It is America's political class that, by embracing the dangerously simplistic ideology of deregulation, has responsibility for the present mess.

Throughout the years in which the US was punishing countries that departed from fiscal prudence, it was borrowing on a colossal scale to finance tax cuts and fund its over-stretched military commitments. Now, with federal finances critically dependent on continuing large inflows of foreign capital, it will be the countries that spurned the American model of capitalism that will shape America's economic future.

Not everything in religion is precious or deserving of reverence. There is an inheritance of anthropocentrism, the ugly fantasy that the Earth exists to serve humans, which most secular humanists share. There is the claim of religious authorities, also made by atheist regimes, to decide how people can express their sexuality, control their fertility and end their lives, which should be rejected categorically. Nobody should be allowed to curtail freedom in these ways, and no religion has the right to break the peace.

Might there not be a connection between the attempt to eradicate religion and the loss of freedom? It is unlikely that Mao, who launched his assault on the people and culture of Tibet with the slogan "Religion is poison," would have agreed that his atheist world-view had no bearing on his policies.

Talk of secularism is meaningful when it refers to the weakness of traditional religious belief or the lack of power of churches and other religious bodies. That is what is meant when we say Britain is a more secular country than the United States, and in this sense secularism is an achievable condition. But if it means a type of society in which religion is absent, secularism is a kind of contradiction, for it is defined by what it excludes. Post-Christian secular societies are formed by the beliefs they reject, whereas a society that had truly left Christianity behind would lack the concepts that shaped secular thought.