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Bonhomme Richard Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 12:40 PM
Original message
The great conservative economist F. A. Hayek LOL
I was watching cspan yesterday and came across the Woman's Conservative Group giving a talk at the Heritage Foundation.
They were talking up F. A. Hayek's book The Road to Serfdom and how important it is to the conservative movement. Bush senior actually gave him a medal.
So I got curious about Hayek.
This is so typical of the intellectual dishonesty of conservatives.
What they don't mention is an essay he wrote in his later years titled......Why I Am Not a Conservative
That's right, titled Why I Am Not a Conservative and he hits it out of the ballpark. The conservative party today is exactly what he is talking about.
http://www.fahayek.org/index.php?option=com_content&task=view&id=46
Some excerpts:

"I will nevertheless continue for the moment to describe as liberal the position which I hold and which I believe differs as much from true conservatism as from socialism"

"with no goal of their own, conservatives have been guided by the belief that the truth must lie somewhere between the extremes - with the result that they have shifted their position every time a more extreme movement appeared on either wing"

"Liberalism is not averse to evolution and change; and where spontaneous change has been smothered by government control, it wants a great deal of change of policy. So far as much of current governmental action is concerned, there is in the present world very little reason for the liberal to wish to preserve things as they are. It would seem to the liberal, indeed, that what is most urgently needed in most parts of the world is a thorough sweeping away of the obstacles to free growth."

"the admiration of the conservatives for free growth generally applies only to the past. They typically lack the courage to welcome the same undesigned change from which new tools of human endeavors will emerge."

"This brings me to the first point on which the conservative and the liberal dispositions differ radically. As has often been acknowledged by conservative writers, one of the fundamental traits of the conservative attitude is a fear of change, a timid distrust of the new as such,<5> while the liberal position is based on courage and confidence, on a preparedness to let change run its course even if we cannot predict where it will lead."

"The conservative feels safe and content only if he is assured that some higher wisdom watches and supervises change, only if he knows that some authority is charged with keeping the change "orderly."

This fear of trusting uncontrolled social forces is closely related to two other characteristics of conservatism: its fondness for authority and its lack of understanding of economic forces. Since it distrusts both abstract theories and general principles,<6> it neither understands those spontaneous forces on which a policy of freedom relies nor possesses a basis for formulating principles of policy."

"Like the socialist, he is less concerned with the problem of how the powers of government should be limited than with that of who wields them; and, like the socialist, he regards himself as entitled to force the value he holds on other people.

When I say that the conservative lacks principles, I do not mean to suggest that he lacks moral conviction. The typical conservative is indeed usually a man of very strong moral convictions. What I mean is that he has no political principles which enable him to work with people whose moral values differ from his own for a political order in which both can obey their convictions."

Well, that ought to be a taste of what he had to say and it is well worth following the link to his essay.
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rockymountaindem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 12:43 PM
Response to Original message
1. It sounds like he's advocating for a totally unrestricted free market
which is what the modern day Republican party wants, it seems.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 12:45 PM
Response to Reply #1
4. No, they want it to benefit them, which comprises the difference between the R party and the Cato
Institute/Libertarian folks.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 12:44 PM
Response to Original message
2. BDick, I've read a LOT of Hayek and really like reading him even when I don't agree.
I study Soviet-style socialism and a lot of what he writes is spot on in reference to that.

The Constitution of Liberty and the Law, Legislation and Liberty series are good reading.

Milton Friedman's Capitalism and Freedom is a nice, brief summary of this kind of view.

I'll have to read Why I Am Not a Conservative again.

Thanks for the reminder!
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 12:44 PM
Response to Original message
3. Interesting article
"Like the socialist, he is less concerned with the problem of how the powers of government should be limited than with that of who wields them; and, like the socialist, he regards himself as entitled to force the value he holds on other people.

Hmmm

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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 12:47 PM
Response to Original message
5. Thatcher loved Hayek
Jeffrey Sachs debunked the crap in the Road to Serfdom ages ago.
We tore it to shreds ages ago. All objective data shows Hayek was a right wing apologist. Hayek and Friedman should be dug up from their graves and shot for treason to 'the planet'.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 01:30 PM
Response to Reply #5
11. Yet Sach's 'free market' style solutions for Russia were a disaster. nt
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hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 12:49 PM
Response to Original message
6. when he calls himself 'liberal' though, he calls us 'socialists'
Edited on Mon Apr-20-09 12:51 PM by hfojvt
He's not a liberal in the sense that Walter Mondale or Ted Kennedy are liberals. Plus, McCain/Palin didn't run as "conservatives" not even compassionate ones. They ran as 'reformers'.

To quote my own journal, the GOP has always loved the word 'reform'. Reaganomics was not 'conserving' anything, it was a 'radical new theory'.

"Bush promised to 'reform' social security - by killing it.

He promised to 'reform' the tax code. In other words, take away its progressivity and call that 'reform'.

It's pure marketing. Take a policy which benefits rich people or corporations and sell it to the idiot masses by calling it 'reform'. It's like a political sub-prime loan. Just sign it and don't bother to read the fine print, and then act surprised six months after the election when you have lost your house."
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Bonhomme Richard Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 12:56 PM
Response to Reply #6
9. McCain/Palin could call it whatever they wanted. As soon as
Palin was on the ticket it became the same old crazy conservatism we had for the previous 8 years.
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Bonhomme Richard Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 12:49 PM
Response to Original message
7. I'm not familiar with his economic theory but will.....
have to read up.
I found that essay interesting and I'm sure it is not brought up very often by conservatives.
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blindpig Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 12:55 PM
Response to Original message
8. What a fucking hack.
That guy was a double nothing until he was imported into the US by some rich guys looking for some sort of philosophical basis for capitalism. Their fear of socialism was so great that any sort of jive talk would do. Check this out:

http://populistindependent.org/
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Odin2005 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 02:17 PM
Response to Reply #8
15. His Socialism = Serfdom argument is one big strawman based on equating socialism with...
...a command economy. The moron obviously never heard of co-ops.
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alcibiades_mystery Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 01:12 PM
Response to Original message
10. Hayek is without doubt the father of economic neoliberalism (i.e., what we call conservatism)
He's also unquestionably the intellectual force behind the modern neo-conservative movement, which is not at all "conservative" in the old style.

This essay is a red herring for those who do not understand contemporary conservative economic thought. Hayek's thought is the foundation of Reaganism, period.
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Bonhomme Richard Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 01:36 PM
Response to Reply #10
12. What I found interesting was his description of
conservative thinking, not his economic theory of which I know nothing.
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TheBigotBasher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 01:49 PM
Response to Reply #10
13. He may be the father but his bastard children upped and offed before they got past the first page.
Monetarists taught about the need to control the money supply in order to control inflation. The GOP effectively deregulated it and let it spiral out of control. The GOP solution - fiddle the figures. House Price hyper inflation excluded from the inflation rate.

Hayek wanted fewer regulations, the GOP provided for anti competitive legislation to protect big Corporate America and screw any market protections for small firms.

Laffer raised the issue of the optimum rates of taxation. Above or below which revenues fall. That was never an argument for continually cutting taxes.

The GOP did not even understand the creed that they were supposed to support; I doubt many actually read ANY of their publications.
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Odin2005 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-20-09 02:13 PM
Response to Original message
14. Isn't Hayek the one who twisted the political ideas of his center-left friend Karl Popper...
to fit his own Libertarian nonsense?
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