• TreadOnMe [none/use name]
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    edit-2
    1 year ago

    I'm pulling abit from Graeber, but you can see this type of behavior in accounts from Xenophon as well, it's a well documented historical phenomenon. You can't just get the hill tribes to accept your currency no matter how 'economically fair and sound' it is. Subjugation by the state must come first, thus invalidating any natural occurrence of libertarian ideology, at least involving currency.

    Sure, but that is one school out of thousands. There is a reason their PhDs get to directly tinker with national economies, but as you pointed out it's not because they're right, it's because they agreed and valorize the ideology of 'put the most money in the hands of those most capable to wield it, which is me and my buddies obviously'.

    But even then, Chicago School guys are generally only ever put in control of privatizing economies that the system wants to see collapsed and rebuilt, rarely ever matured late-stage capitalist projects. Once the money is all in the hands of the most capable, they are fucked and growth still stagnates. Hell, the Chicago School guys who were with Liz Truss nearly completely tanked the British economy in three weeks. There are still alot of neo-Keynesian and classical economists that mostly dominate the positions of power.