New Economic Perspectives has the article Why the Worst Get on Top – in Economics and as CEOs by William K. Black.
Libertarians are profoundly anti-democratic. The folks at Cato that I debate make no bones about their disdain for and fear of democracy. Friedrich von Hayek is so popular among libertarians because of his denial of the legitimacy of democratic government and his claims that it is inherently monstrous and murderous to its own citizens. Here’s an example from a libertarian professor based in Maryland.
The article goes on to pick apart the ideology of Friedrich von Hayek. I ignore von Hayek unless someone brings him up in the conversation. Now I have this post to refer to when the next time he comes up.
The issues that William K. Black raises seem to be a perfect description of the behavior I have noted in right wing conservatives. The nastiest things that they can imagine and accuse the liberals of are only the things they dream up for doing themselves. If you want to know what conservatives are secretly trying to do, you only have to refer to what they accuse others of doing. The Naked Capitalism reprint of this article was titled Bill Black: How Hayek Helped the Worst Get to the Top in Economics and as CEOs.