Unbundle the Welfare State

I have a long article on the cover of the current National Review that they have been kind enough to make available online.

In it, I make several arguments: (1) there is an inherent tension between certain aspects of human nature and capitalism; (2) the welfare system exists, in part, to help manage this tension; (3) all major entitlement programs, when you look under the skin, have a common structure; (4) this structure generally bundles together features designed to achieve several separable goals; and (5) recognizing the facts of contemporary political eocnomy, we should unbundle and modernize these programs.