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James Buchanan: The ideologue behind the top 1% takeover of the US
invite response
2018 May 31, 11:28am 1,988 views 3 comments
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1
justme
2018 May 31, 11:33am
justme
2018 May 31, 11:33am
QUOTE: Could these right-wing capitalists allow private companies to fill prisons with helpless citizens—or, more profitable still, right-less undocumented immigrants? They could, and have. Might they engineer a retirement crisis by moving Americans to inadequate 401(k)s? Done. Take away the rights of consumers and workers to bring grievances to court by making them sign forced arbitration agreements? Check. Gut public education to the point where ordinary people have such bleak prospects that they have no energy to fight back? Getting it done.
3
MisdemeanorRebel
2018 May 31, 12:38pm
MisdemeanorRebel
2018 May 31, 12:38pm
Public choice theory? Shit can't remember his theory name when public Admins exhibit empire building
https://www.nakedcapitalism.com/2018/05/meet-economist-behind-one-percents-stealth-takeover-america.html
Ask people to name the key minds that have shaped America’s burst of radical right-wing attacks on working conditions, consumer rights and public services, and they will typically mention figures like free market-champion Milton Friedman, libertarian guru Ayn Rand, and laissez-faire economists Friedrich Hayek and Ludwig von Mises.
James McGill Buchanan is a name you will rarely hear unless you’ve taken several classes in economics. And if the Tennessee-born Nobel laureate were alive today, it would suit him just fine that most well-informed journalists, liberal politicians, and even many economics students have little understanding of his work.