But if, in the actual lived world of politics, Hayek has mostly been honored in the breach, then what to make of that rump caucus of the right that still clings to him? That is: how seriously should we take the intellectual tradition of the free-market right? Was it all just a convenient front for capital all along? And is there anything morally and intellectually salvageable from the wreckage what it has wrought? At TPM Book Club discussion of Frank's Wrecking Crew
Why is it that, as Hayes puts it, "the actual real-world result of the ascendancy of a putative "free-market" philosophy has resulted in a larger, more coercive state, one that uses the power of Big Government to benefit the interests of Big Capital"? It's because Libertarians are the unwitting allies of tyranny.
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