Tuesday, 17 June 2014

How wrong was Hayek on Democracy?

William K. Black in Why the Worst Get on Top – in Economics and as CEOs writes that:
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.

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