O cruel fate! The assignment that history appears to have reserved for the
of economics is the mission of hypocritically -- in the
name of freedom -- defending rule by an oligarchy. Much the same ideological role as the one
played in the late unlamented Austrian
School Soviet Union by the
“politburo Marxism” diligently churned out by the yard by professional
Communist ideologues/propagandists. Dear
comrade Mikhail Suslov! Where are you now?
And not on account of too much planning, but rather on account of control of government policy by powerful interest groups and constant duping of the population by new bogus reformers to replace the previous bogus reformers. So WTF?
I concede that certain Austrian arguments are persuasive. However insofar as they are misused in order to defend the present rule of corrupt oligarchies, they lack all credibility and should be ignored. No conceivable economic system could be less efficient than the
economy right now (2010). I do not for an
instant believe that US arguments make a
damn bit of difference in practice. Austrian
Those who brand government planning coercive should enquire further into which segments of society benefits by the current dispensaysh, or perhaps who has the motive to impel such coercion. At this point, however, the Austrians prudently adjourn the debate. Those who brand government planning inefficient must also brand as inefficient the current squalid, higgledy-piggledy and corrupt manner of setting policy at the dictate of a tiny oligarchy of billionaires.
However, I have not noticed much of that on Austrian websites.
Once, in a magnificent display of my rapier wit, I termed the
a ”necessary evil”. What I meant
by that is that there must always be a sector of opinion that is opposed to
government as such.
An anti-state ideology represents a fairly clear political choice. The
Austrians’ lack of subtlety has the benefit of permitting their doctrine to be
packaged in few and powerful words. "We need no government, or as little
as possible.” I think it is a great help
for the ongoing discussion on the role of the state that such a faction exists.
The Austrian School is a guidepost, a compass that
defines one extreme of political philosophy. As such it is a structural
necessity, since it constitutes part of the definition of the political
sphere. Austrian School