The emergence of an international protest movement without a coherent program is therefore not an accident: It reflects a deeper crisis, one without an obvious solution. Democracy is based on the rule of law. Democracy works only within distinct borders and among people who feel themselves to be part of the same nation. A “global community” cannot be a national democracy. And a national democracy cannot command the allegiance of a billion-dollar global hedge fund, with its headquarters in a tax haven and its employees scattered around the world.