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View Diary: Are Capitalism and Democracy Incompatible? (159 comments)

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  •  Austrian economics thinks so too (4+ / 0-)

    I read an article a few days ago about how the big names of neoliberalism and Austrian economics - Mises, Hayek, [Milton] Friedman, etc. - were all in bed with dictators (like Pinochet) because they honestly saw democracy as the enemy of "freedom".  Apparently, people could always get together and vote for regulations and a welfare state that suited them, and that was unacceptable.  It would take a dictator to resist the infantile grasping of the masses (possibly influenced by communism) and impose the platonic purity of the free market.  It would take a superior man - hard, fearless, and visionary - to truly appreciate freedom and to choose it over security.

    To those who say the New Deal didn't work: WWII was also government spending

    by Visceral on Thu Oct 18, 2012 at 09:11:41 AM PDT

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