Why we are Where we are – Part One
By Duncan Whitmore
Margaret Thatcher is supposed to have once said that “the facts of life are conservative”. An equivalent for libertarians is “the facts of life are Austrian”. We may well dispute the justice, inevitability or even desirability of the libertarian ethic of non-aggression, but one cannot escape the fact that the corpus of economic law, derived from the self-evident proposition that individuals act, is undeniably true. So however much you may yearn for some form of centralised economic planning or state management to abolish all “exploitation” before building castles in the land of milk and honey, this economic law cannot be defied for ever and, eventually, reality must come back to bite you on the arse. Amongst the myopia of COVID-19 and the furore of the culture war, a broader perspective of the era we are living through – and probably have been living through since 2008 at the latest – will reveal a culminating fight between a massive reassertion of economic law on the one hand and increasing attempts to continue the defiance on the other.
This essay, the first of two parts, will explore the paths that have been taken prior to our arrival at the political, economic and social situation in which we find ourselves in the early twenty-first century. In Part Two we will look specifically at the ongoing culture war before examining the consequences of all of these dynamics. From this, readers may be able to see how year’s this calamities – barely imaginable just six or seven months ago – have resulted from the choices that have been made in the past. Read more