Some nice thoughts, but most missing the forest, and the trees.
This segment was close to getting it:
He hit the nail recognizing monopolies as the outcome of capitalism. Tucker and others did the same long ago. He also saw markets as good, but there was no mention of markets without capitalism.
Other than these Democratic failures, and problems with the myth of rule of law, this recent study calls into question voting in the US: Study: US is an oligarchy, not a democracy
Listen: A Brief History of U.S. Intervention in Foreign Elections | link