Monday, June 06, 2005

Moonbats and Economic Superstition

Kevin Drum at Washington Monthly put out a list of books that he

…(hate)[cross-out] beg to differ with…[edit] A semi-consensus Top Ten collection of 19th and 20th century books that Political Animal readers believe have been harmful to the cause of human progress.

Among them were “The Protocols of the Learned Elders of Zion”, 1905, by the Russian secret police, “The Clansman: An Historical Romance of the Ku Klux Klan”, 1905, by Thomas Dixon and Arthur I. Keller, “Essay on the Inequality of the Human Races”, 1853, by Joseph Arthur Comte de Gobineau, and “Milestones”, 1964, by Sayyid Qutb. All and all they are books by radical nutcases ranging from racists to religious fundamentalists. Books that we can all agree have done serious harms to humanity and should never been written.
But interestingly (interesting is an understatement) among the Top Ten were “The Road to Serfdom”, 1944, by Friedrich Hayek and “Capitalism and Freedom”, 1962, by Milton Friedman. I wonder how they got on the list of the Top Ten most harmful books. What semi-sane person would consider Hayek and Friedman to be “harmful to the cause of human progress”. Then I remember that Kevin Drum and his readers are moonbats, they are not sane. To be fair to Kevin, the lists were generated from Kevin Drum’s comment section and it seem that Hayek and Friedman made the list by how often they were mentioned.
I cannot help but chuckle at the phrase “harmful to the cause of human progress.” Here are the two most respected and influential economists in modern age, both are Nobel Laureate in Economics, both are celebrated as visionary in their field. “Harmful to the cause of human progress” is a catchphrase by moonbats to demonize people they disagree with. If anything, Hayek and Friedman are the two most beneficial to the cause of human progress.
And the evidence cannot be clearer. The adoption of market-economy has spurred the fastest growing economy in those of the world that practice them. Those countries that subscribed to free-market economy prospered, their standard of living improved, many became democratic. Those that shun them remain stagnate in poverty and destitution – left behind by the world. There is also a strong correlation between free-market economy and freedom. Pacific Rim Tigers such as South Korea and Thailand started out as dictatorship. Their progress toward political freedom parallels their progress in economic freedom. It is not coincident that those that practiced free-market economy became democratic. Capitalism is good not merely because it is the most effective and efficient system, but because it is the most humane and compassionate system.
Hayek is proven by history and events to be prophetically right, and his critics to be superstitiously wrong. Those that put Hayek and Friedman on the lists of harmful books are certifiably delusional - belong squarely on the extreme fringe of the political spectrum.


Blogger MaxedOutMama said...

Great catch!!!

4:29 AM  

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