"The democratic age can hardly be "the end of history," as the neoconservatives want us to believe, for there is also an economic side to the process.
Market interventions will inevitably cause more of the problems they are supposed to cure, which leads to more and more controls and regulations until we finally reach full-blown socialism. If the current trend continues, it can safely be predicted that the democratic welfare state of the West will eventually collapse as did the "people's republics" of the East in the late 1980s. For decades, real incomes in the West have stagnated or even fallen. Government debt and the cost of the "social insurance" schemes have brought on the prospect of an economic meltdown. At the same time, social conflict has risen to dangerous heights." - Hans Hermann Hoppe in Natural Elites, Intellectuals and the State, from 2006
https://mises.org/library/natural-elites-intellectuals-and-state
stephanlivera / Stephan Livera
npub1r8l…x5dk
2023-08-22 17:56:07
Author Public Key
npub1r8l06leee9kjlam0slmky7h8j9zme9ca32erypgqtyu6t2gnhshs3jx5dkPublished at
2023-08-22 17:56:07Event JSON
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"content": "\"The democratic age can hardly be \"the end of history,\" as the neoconservatives want us to believe, for there is also an economic side to the process.\n\nMarket interventions will inevitably cause more of the problems they are supposed to cure, which leads to more and more controls and regulations until we finally reach full-blown socialism. If the current trend continues, it can safely be predicted that the democratic welfare state of the West will eventually collapse as did the \"people's republics\" of the East in the late 1980s. For decades, real incomes in the West have stagnated or even fallen. Government debt and the cost of the \"social insurance\" schemes have brought on the prospect of an economic meltdown. At the same time, social conflict has risen to dangerous heights.\" - Hans Hermann Hoppe in Natural Elites, Intellectuals and the State, from 2006\n\nhttps://mises.org/library/natural-elites-intellectuals-and-state",
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}