The Koch brothers are principal funders of the Reason Foundation and Reason magazine. Exxon Mobil and other corporate and billionaire interests are behind the Cato Institute, the other public face of libertarianism. Financiers have also seeded a number of economics schools, think tanks, and other institutions with proponents of their brand of libertarianism. It’s easy to explain why some of these corporate interests do it. It serves the self-interest of the environmental polluters, for example, to promote a political philosophy which argues that regulation is bad and the market will correct itself. And every wealthy individual benefits from tax cuts for the rich. What better way to justify that than with a philosophy that says they’re rich because they’re better—and that those tax cuts help everybody? The rise of the Silicon Valley economy has also contributed to the libertarian resurgence. A lot of Internet billionaires are nerds who suddenly find themselves rich and powerful, and they’re emotionally and intellectually inclined toward libertarianism’s geeky and unrealistic vision of a free market. In their minds its ideas are “heuristic,” “autologous” and “cybernetic”—all of which has inherent attraction in their culture. The only problem is: It’s only a dream. At no time or place in human history has there been a working libertarian society which provided its people with the kinds of outcomes libertarians claim it will provide. But libertarianism’s self-created mythos claims that it’s more realistic than other ideologies, which is the opposite of the truth. The slope from that contradiction to the deep well of hypocrisy is slippery, steep—and easy to identify.
Posted on: Mon, 23 Jun 2014 13:00:38 +0000
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