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The way I understand it, they believe (or profess to believe) that the Invisible Hand is what is left when the state is removed.

The fundamental fallacy of this, of course, is that one cannot remove the state, since the state is, by definition, merely the gang of armed (wo)men with the monopoly on violence in your immediate environs - and violence is a natural monopoly... If one removes the Iraqi state, for instance, one does not get a "non-state" environment - one merely gets a number of statelets - the Badr Brigades in parts of Basra, Blackwater and Haliburton in the Green Zone, the Mahdi Army in Sadr City, PKK in Kurdistan and so on and so forth and etcetera.

But then again, discussing the logical and logistical implications of orthodox Friedmania is nonsense, because there are no orthodox Friedmaniacs. Whenever they crop up, they reveal themselves to be simply old-fashioned feudalists: The state should protect the privilege of the oligarchs and fuck the rest. If one can install a suitably co-operative dictator, it doesn't matter that the government budget explodes or that taxes go up - so long as they only go up for the poor and the government expenditures go towards protecting the interests of the local (or transnat) oligarchs.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 10th, 2008 at 12:34:11 PM EST
[ Parent ]
Oh, I forgot where I was going with the first line: It is not impossible that orthodox Friedmaniacs would see the US political system as a legitimate expression of the free market. After all, US elections are bought and sold as commodities on a free market. In that sense, buying elections really is no different from buying mass advertisement: A calculated expense to procure services from another business that will permit your business to expand its bottom line.

And it doesn't really matter in Friedmanism that the barrier of entry to that market is so huge that only billionaires and companies can effectively do business there, because entry costs don't matter - The Market Will Provide.

And indeed the market has provided the US with the best politicians money can buy...

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Sep 10th, 2008 at 12:45:51 PM EST
[ Parent ]
That is a partial description of how they have behaved.  Since GWB, in particular, they have used these metaphors as the basis for actions that have facilitated a more rapid looting of the economy.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Sep 10th, 2008 at 03:40:12 PM EST
[ Parent ]
JakeS:
But then again, discussing the logical and logistical implications of orthodox Friedmania is nonsense, because there are no orthodox Friedmaniacs. Whenever they crop up, they reveal themselves to be simply old-fashioned feudalists:

Bingo. And that's the big lie.

It's not that the Republicans want small government. What they want - genuinely - is a feudal government where there are no legal restraints on their ability to rape, pillage, plunder and abuse those beneath them.

The reason they hate liberals is because the liberal conception of compassionate government, no matter how flawed, is the only thing standing between them and their plans.

The current Palin/McCain hate fest is the true face of the feudal party. The peasants support it through conditioning and magical thinking, and as and when the party wins an election, liberals will be systematically eliminated from having any social influence. (Or possibly just eliminated, full stop.)

There is no Republican party, there's no Chicago school and there's no Christian evangelical movement.

There's only a single unified feudal party with different propaganda wings which expand a power front by leveraging the interests and preoccupations of different demographics with different imaginary manufactured narratives.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Sep 10th, 2008 at 06:06:13 PM EST
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