basquebromance
Diamond Member
- Nov 26, 2015
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In an interview in 1988, libertarian economist Milton Friedman declared that “a relatively free economy is a necessary condition for a democratic society”. But then he added: “I also believe there is evidence that a democratic society, once established, destroys a free economy.”
Beginning in the 70s, the zone offered an alternative to the messiness of mass democracy, and therefore a way of preventing the destruction of a free economy that Friedman feared. Today the zone also holds out a promise cherished by much of the contemporary political right – that capitalism can exist without democracy.
jacobin.com
Beginning in the 70s, the zone offered an alternative to the messiness of mass democracy, and therefore a way of preventing the destruction of a free economy that Friedman feared. Today the zone also holds out a promise cherished by much of the contemporary political right – that capitalism can exist without democracy.
Free-Market Idolatry and Hatred of Democracy Go Hand in Hand
The wildest fantasy of hypercapitalist ideologues isn’t to expand democracy but to avoid its reach or even snuff it out.
jacobin.com
