Mencius Moldbug, via theanti-puritan.blogspot.com :
In other words, “democracy” appears to work because it is not in fact democracy, but a mediocre implementation of formalism.
History does no controlled experiments
So this is the formalist manifesto: that the US is just a corporation. (…) a formalist is only happy when ownership and control are one and the same. To reformalize, therefore, we need to figure out who has actual power in the US, and assign shares in such a way as to reproduce this distribution as closely as possible.