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April 10, 2026
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"The free market system is implied, Hayek felt, by his ontology in order to attain maximum human productivity, the highest standard of living for allâthe utilitarian-liberal-socialist-communist-libertarian goal. The division and paucity of individual knowledge renders a market economy necessary for optimal economic productivity. The utilization and communication of information and knowledge are critical."
"The excesses are not abnormalities but are exactly how we would expect unregulated markets to work, especially when capital has the law and politics on its side. Monopolies can charge a high price when consumers (once known as patients) do not react or when they move to another provider, and thus an unconscious roadside casualty is the perfect victim. In retrospect it is not so surprising that free markets, or at least free markets with a government that permits and encourages by the rich, should produce not equality but an extractive elite that predates on the population at large. Utopian rhetoric about freedom has led to an unjust social dystopia, not for the first time. Free markets with rent seekers are not he same as competitive markets; indeed, they are often exactly the opposite."
"As the most powerful state, the U.S. makes its own laws, using force and conducting economic warfare at will. It also threatens sanctions against countries that do not abide by its conveniently flexible notions of "free trade." In one important case, Washington has employed such threats with great effectiveness (and GATT approval) to force open Asian markets for U.S. tobacco exports and advertising, aimed primarily at the growing markets of women and children. The U.S. Agriculture Department has provided grants to tobacco firms to promote smoking overseas. Asian countries have attempted to conduct educational anti-smoking campaigns, but they are overwhelmed by the miracles of the market, reinforced by U.S. state power through the sanctions threat. Philip Morris, with an advertising and promotion budget of close to $9 billion in 1992, became China's largest advertiser. The effect of Reaganite sanction threats was to increase advertising and promotion of cigarette smoking (particularly U.S. brands) quite sharply in Japan, Taiwan, and South Korea, along with the use of these lethal substances. In South Korea, for example, the rate of growth in smoking more than tripled when markets for U.S. lethal drugs were opened in 1988. The Bush Administration extended the threats to Thailand, at exactly the same time that the "war on drugs" was declared; the media were kind enough to overlook the coincidence, even suppressing the outraged denunciations by the very conservative Surgeon-General. Oxford University epidemiologist Richard Peto estimates that among Chinese children under 20 today, 50 million will die of cigarette-related diseases..."
"So, recently, though it wasnât reported here, there were negotiations with Australia to establish whatâs called a free trade agreement.... The negotiations were held up for some time because the United States was objecting to Australiaâs highly efficient health care system. ... Why was the U.S. objecting to the Australian system? Well, because the Australian system is evidence-based... They have to provide evidence that the drug actually does something, that it is better than some cheaper thing thatâs already on the market. That evidence-based approach, the U.S. negotiators argued, is interference with free markets, because corporations must have the right to deceive... The claim itself is kind of amusing, I mean, even if you believe the free market rhetoric for a moment. The main purpose of advertising is to undermine markets. If you go to graduate school and you take a course in economics, you learn that markets are systems in which informed consumers make rational choices. Thatâs whatâs so wonderful about it. But thatâs the last thing that the state corporate system wants. It is spending huge sums to prevent that."
"Vulgar libertarian apologists for capitalism use the term "free market" in an equivocal sense: they seem to have trouble remembering, from one moment to the next, whether theyâre defending actually existing capitalism or free market principles. So we get the standard boilerplate article arguing that the rich canât get rich at the expense of the poor, because "thatâs not how the free market works"—implicitly assuming that this is a free market. When prodded, theyâll grudgingly admit that the present system is not a free market, and that it includes a lot of state intervention on behalf of the rich. But as soon as they think they can get away with it, they go right back to defending the wealth of existing corporations."
"So, in an economic emergency, few of the usual rules apply. Governments can marshal the resources and can threaten the narrow interests of private businesses. Hardcore libertarians despise these measures as rampant socialism. From their perspective, theyâre right: the very existence of such programs is condemnation of the free market capitalist model that they promote. But they are best seen only as another approach to the management of the capitalist economy. The fact that governments across the are now prepared to spend trillions of dollar to save the from collapse only confirms that the world economy cannot be left safely in the hands of âthe marketâ. And, the situation clearly confirms that when the capitalist class and governments deem it necessary to save their system, lots of measures they once denounced as âunaffordableâ, not permitted by the condition of âthe economyâ, are actually affordable and permitted. Governments can act when required. The ideological justifications of yesterday are revealed as threadbare. But nor are government interventions of this nature geared towards the interests of the working class, only the interests of the bosses."
"The current crisis demonstrates not only that all the ideological nonsense about the virtues of the free market is quickly thrown overboard when capitalist interests are threatened, but also that the idea that governments are essentially powerless in the face of the markets is rubbish. Governments are not helpless victims who cannot do anything in the face of âeconomic realityâ. In the normal course of events, when we demand things like better welfare, health care or education, governments tell us that it isnât possible."
"But thereâs another angle to this. Capitalists preach âthe marketâ for the working class â stand on your own two feet, donât rely on the government â but themselves sponge off the public big time. Just look at the billions in subsidies and tax concessions the fossil fuel companies, huge enterprises for the most part, extract from state and federal governments in Australia. The vehicle manufacturers raked in hundreds of millions a year from the for decades until deciding it wasnât enough and went overseas. This is why big companies and industry groups hire armies of former politicians to lobby on their behalf in the offices of premiers and prime ministers â thereâs money in government coffers and they want it. And while the capitalists talk about âthe marketâ setting wages for workers, in reality, they donât really allow the market to do the job. They use the whole apparatus of state repression, the industrial tribunals, the police, the courts to suppress workersâ rights to organise to pursue their demands. But when a crisis hits all the bullshit about the market is thrown to the winds. And that is just what we are seeing now. Faced with the collapse of the capitalist economy, for the second time in a dozen years, with massive bankruptcies on the table and the stock market plunging by more than 30 percent and more to come, fervent advocates of the free market are now embracing government intervention to save their skins."
"Every student with the misfortune to have studied economics at school or university will know that âthe marketâ is the god before which we must all kneel. Markets bring s and producers together to ensure an equilibrium of , the textbooks tell us. We may all be individuals each pursuing our own private interests, but this selfish endeavour miraculously results in an optimum outcome for all. You donât even have to step inside a classroom to have received this lesson. Itâs rammed home in normal times in every newspaper, in every news bulletin on the TV, in every politicianâs speech. Just listen to them. Governments canât expand spending on Newstart because âthe marketsâ wonât allow it. Governments shouldnât ramp up public housing because that will throw property markets into a spin. Competition should be opened between universities because a market in education will sift out the bad providers from the good. The champions of the market, if challenged to explain how it is that markets consistently result in supplies of goods lurching from shortages to gluts, point to the economic dysfunction of the old Soviet Union as proof that if âplanningâ replaces the market, a much bigger disaster ensues. It doesnât take an Einstein to see what rubbish this is. The last thing any capitalist wants is âfree competitionâ, because that might squeeze their profits. Just look at how the supermarkets have destroyed small shops or how any new industry that emerges is soon dominated by three or four companies globally."
"One of the most prevalent ideological mantras of Western capitalism is that the market should rule. But as the latest health and economic crises demonstrate, capitalists soon forget their worship of the market when times get tough. They scream for government money, and plenty of it. It turns out that âthe marketâ is fine when it comes to whipping workers to accept lower wages, but when it comes to lower profits, the market can go hang."
"The Liberal Democrats exist to build and safeguard a fair, free and open society, in which we seek to balance the fundamental values of liberty, equality and community, and in which no-one shall be enslaved by poverty, ignorance or conformity. We champion the freedom, dignity and well-being of individuals, we acknowledge and respect their right to freedom of conscience and their right to develop their talents to the full. We aim to disperse power, to foster diversity and to nurture creativity. We believe that the role of the state is to enable all citizens to attain these ideals, to contribute fully to their communities and to take part in the decisions which affect their lives. We look forward to a world in which all people share the same basic rights, in which they live together in peace and in which their different cultures will be able to develop freely. We believe that each generation is responsible for the fate of our planet and, by safeguarding the balance of nature and the environment, for the long term continuity of life in all its forms."
"A centre party would have no roots, no principles, no philosophy and no values."
"Years ago, when I toiled as a columnist for The Nation, Nick Clegg was my intern. (So, for that matter, was Edward Miliband, Gordon Brownâs minister for energy and climate change and brother of Brownâs most likely replacement, Foreign Secretary David Miliband.) I have done my best to trade on this mentoring relationship with power, to little avail. Clegg worked for me in the magazineâs New York offices while I was writing from Washington, so our direct contact was limited. What I chiefly remember, apart from his now-famous personal charm, was how âEuropeanâ he was. His parentage was partly Dutch and partly Russian. He has since married a Spanish woman and has three children with Spanish names. And, of course, his party is the one most closely identified with the British aspiration to full British engagement in the European Union. This is the strength and the weakness of his position, and of his party."
"I never thought I would see the day when America (which is based on the idea of liberty, from which the word Liberal comes) would become so self-centered and hypocritical. I mean if a democracy considers liberal to be a term of abuse, then we should be terrified. A liberal is someone who believes in liberty. And if it is wrong to be liberal, then the other side has to be fascist."
"The Citizens of the United States of America have a right to applaud themselves for having given to mankind examples of an enlarged and liberal policy: a policy worthy of imitation. All possess alike liberty of conscience and immunities of citizenship. It is now no more that toleration is spoken of, as if it was by the indulgence of one class of people, that another enjoyed the exercise of their inherent natural rights. For happily the Government of the United States, which gives to bigotry no sanction, to persecution no assistance requires only that they who live under its protection should demean themselves as good citizens, in giving it on all occasions their effectual support."
"Liberalism is above all an attitude toward life and society based on tolerance and respect, a love for culture, a desire to coexist with others and a firm defense of freedom as a supreme value. A freedom that is, at the same time, the driving force of material progress, of science, arts, and letters, and of a civilization that has produced sovereign individuals, with their independence, their rights, and their responsibilities that are always held in balance with those of other individuals, protected by a legal system that guarantees coexistence within diversity. Economic freedom is a key element of liberal doctrine but certainly not the only one."
"Liberalism is the philosophy for our time, because it does not try to conserve every tradition of the past, because it does not apply to new problems the old doctrinaire solutions, because it is prepared to experiment and innovate and because it knows that the past is less important than the future."
"The key-note of all Liberalism [is] the paramount and unlimited authority of popular control."
"As Part IV of this book will chart, the financial and economic crisis of 2007â2012 morphed between 2013 and 2017 into a comprehensive political and geopolitical crisis of the postâcold war order. And the obvious political implication should not be dodged. Conservatism might have been disastrous as a crisis-fighting doctrine, but events since 2012 suggest that the triumph of centrist liberalism was false too. As the remarkable escalation of the debate about inequality in the United States has starkly exposed, centrist liberals struggle to give convincing answers for the long-term problems of modern capitalist democracy. The crisis added to those preexisting tensions of increasing inequality and disenfranchisement, and the dramatic crisis-fighting measures adopted since 2008, for all their short-term effectiveness, have their own, negative side effects. On that score the conservatives were right. Meanwhile, the geopolitical challenges thrown up, not by the violent turmoil of the Middle East or âSlavicâ backwardness but by the successful advance of globalization, have not gone away. They have intensified. And though the âWestern allianceâ is still in being, it is increasingly uncoordinated. In 2014 Japan lurched toward confrontation with China. And the EUâthe colossus that âdoes not do geopoliticsâââsleepwalkedâ into conflict with Russia over Ukraine. Meanwhile, in the wake of the botched handling of the eurozone crisis, Europe witnessed a dramatic mobilization on both Left and Right. But rather than being taken as an expression of the vitality of European democracy in the face of deplorable governmental failure, however disagreeable that expression may in some cases be, the new politics of the postcrisis period were demonized as âpopulism,â tarred with the brush of the 1930s or attributed to the malign influence of Russia. The forces of the status quo gathered in the Eurogroup set out to contain and then to neutralize the left-wing governments elected in Greece and Portugal in 2015. Backed up by the newly enhanced powers of the fully activated ECB, this left no doubt about the robustness of the eurozone. All the more pressing were the questions about the limits of democracy in the EU and its lopsidedness. Against the Left, preying on its reasonableness, the brutal tactics of containment did their job. Against the Right they did not, as Brexit, Poland and Hungary were to prove."
"Liberalism only works when citizens see and treat each other as individuals with equal value and rights regardless of their gender, religion, sexual orientation or skin color. The famous dream of Martin Luther King seems almost painfully antiquated these days."
"We must face the fact that, though the free intelligence and the spirit of community are at once the goal and an essential means, they may be not only ineffectual but actually harmful, unless they are combined with a full measure of that hot indignation against tyranny, that devoted service in the struggle for the new order, which is characteristic of the best minds of the political Left. On the other hand, the political Left, if it is to capture the imagination and allegiance of the people of this country and sweep them forward to victory, must, I believe, learn a more liberal spirit. I mean, of course, liberal not in the political but in the cultural sense, namely, loyalty to the free critical intelligence and respect for the human individual."
"Among the political attitudes that prevail in Germany today, only socialism has the potentiality of inner value and integrity. Liberalism is for the simple-minded, for those who like to chat a great deal about things they can never achieve. That is how we Germans are; we cannot possibly be like the English, we can only be caricatures of themâand that we have been often enough. Every man for himself: that is an English idea. Every man for every other man: that is the Prussian way. Liberalism, however, means "the state for itself, and every man for himself." That is a formula impossible to follow unless one is willing to take the liberal course, which is to say one thing while being dead set against its opposite, but in the end to let the opposite take over anyway."
"It is an inevitable mark of what the late Sir Edwyn Hoskyns used to call the âtyranny of liberalismâ that the liberal is not only convinced that he is right; he is also convinced that other people secretly agree with himâhow could they do otherwise?âand are only restrained from saying so by unworthy motives arising from worldly prudence, material interest, and so forth."
"I have yet to meet a liberal who can withstand the attrition of prolonged discussion of the inessentials."
"The essence of liberalism is negotiation, a cautious half measure, in the hopes that the definitive dispute, the decisive bloody battle, can be transformed into a parliamentary debate and permit the decision to be suspended forever in an everlasting discussion. Dictatorship is the opposite of discussion."
"Dealing with the Liberals, it was like trying to grab quicksilver."
"Social and economic inequalities are to satisfy two conditions: first, they are to be attached to positions and offices open to all under conditions of fair equality of opportunity; and second, they are to be to the greatest benefit to the least-advantaged members of society."
"[W]e claim to start from and to maintain in all our political action this fundamental principleâthat the interests of the community as a whole ought to be paramount over the interests of any class, any interest, or any section which that community contains. That is the root and spring of Liberalism."
"He that defers his charity 'till he is dead, is (if a man weighs it rightly) rather liberal of another man's, than of his own."
"The doctrine was liberalism, which criticised and finally demolished the traditional conception of the nation-state as a collective organism, a community; and asserted instead the primacy of the individual. According to liberal thinking a nation was no more than so many human atoms who happened to live under the same set of laws. From such a belief it followed that the State, instead of being the embodiment of a national community as it had been under the Tudors and the Commonwealth, was required to dwindle into a kind of policeman, standing apart from the national life, and with the merely negative task of keeping the free-for-all of individual competition within the bounds of decorum."
"The parties which assumed the names of liberals were, or became in due course, simple guardians of capitalism."
"A liberal is a man or a woman or a child who looks forward to a better day, a more tranquil night, and a bright, infinite future."
"He that's liberal To all alike, may do a good by chance, But never out of judgment."
"Liberality consists less in giving a great deal than in gifts well timed."
"What do we mean by this Liberalism of which we talk? ⌠I should say it means the acknowledgement in practical life of the truth that men are best governed who govern themselves; that the general sense of mankind, if left alone, will make for righteousness; that artificial privileges and restraints upon freedom, so far as they are not required in the interests of the community, are hurtful; and that the laws, while, of course, they cannot equalise conditions, can, at least, avoid aggravating inequalities, and ought to have for their object the securing to every man the best chance he can have of a good and useful life."
"In retrospect it was important to have sincere liberals around. Someone needs to fret about the excesses of capitalism. When liberals stopped doing that, the country lost a needed counterbalance. In an ecosystem, every species has a role to play, even the pests. If you succeeded in eliminating the mosquitos, birds would starve. When the last liberal stopped sobbing about unfairness, American society became less fair."
"Liberalism, for all its virtues, has begun to develop a sense of entitlement, and needs time to rediscover its soul."
"Liberalism in its political instantiation, for all of its appeal, is so powerful a theory that it probably works better in opposition than in government. Modern liberalism has become what liberal philosophers not long ago would have derided as a âcomprehensive viewâ â a theory that believes itself able to give an account of how every institution of the society should operate, and even, alas, how people should think. Add to that a dash of triumphalism, and you wind up with a government impatient with the tendency of human beings to resist having too much forced on them at once."
"Humanity cannot be made equal by declarations on paper. Unless the material conditions for equality exist, it is worse than mockery to pronounce men equal."
"Reality has a well-known liberal bias."
"I didn't realize quite how liberal I was until I was asked to make passionate comedic choices as opposed to necessarily successful comedic choices."
"John Casey] claimed that the liberal tradition was defective in its explanation of the citizen's attachment to the state itself since it ignored his patriotic allegiance to the "continuity of institutions, shared experience, language, custom and kinship" which the state presupposed. What was pernicious...Casey was saying, was that it had undermined such pieties and replaced them with a "rootless individualism"."
"Liberalism is essentially the belief that there can be a reconciliation of all difficulties and differences, and since there can't, it is a misleading way to approach politics."
"The tone and tendency of Liberalism cannot be long concealed. It is to attack the institutions of the country under the name of Reform, and to make war on the manners and customs of the people of this country under the pretext of Progress."
"That Liberalism may be a tendency towards something very different from itself, is a possibility in its nature. For it is something which tends to release energy rather than accumulate it, to relax, rather than to fortify. It is a movement not so much defined by its end , as by its starting point; away from, rather than towards, something definite. Our point of departure is more real to us than our destination; and the destination is likely to present a very different picture when arrived at, from the vaguer image formed in imagination. By destroying traditional social habits of the people, by dissolving their natural collective consciousness into individual constituents, by licensing the opinions of the most foolish, by substituting instruction for education, by encouraging cleverness rather than wisdom, the upstart rather than the qualified, by fostering a notion of getting on to which the alternative is a hopeless apathy, Liberalism can prepare the way for that which is its own negation: the artificial, mechanised or brutalised control which is a desperate remedy for its chaos."
"In the sense in which Liberalism is contrasted with Conservatism, both can be equally repellent: if the former can mean chaos, the latter can mean petrification. We are always faced both with the question 'what must be destroyed?' and with the question 'what must be preserved?' and neither Liberalism nor Conservatism, which are not philosophies and may be merely habits, is enough to guide us."
"I have never seen a class so deeply demoralised, so incurably debased by selfishness, so corroded within, so incapable of progress, as the English bourgeoisie; and I mean by this, especially the bourgeoisie proper, particularly the Liberal, Corn Law repealing bourgeoisie. For it nothing exists in this world, except for the sake of money, itself not excluded. It knows no bliss save that of rapid gain, no pain save that of losing gold. In the presence of this avarice and lust of gain, it is not possible for a single human sentiment or opinion to remain untainted."
"Any liberal system must proceed from the assumption that freedom is one and indivisible and that elementary human freedom in all spheres of life must go hand in hand with political, religious, economic and spiritual freedom. The strategy of collectivist thinking has always been to split up this most essential and most universal of human values as a means of making inroads into the free system itself."
"Moderate liberalism cherishes the idea of âcivilityâ because it allows it to believe in its own goodness and relevance."
"Too many well-meaning liberals are clinging with ten fingernails to the idea that their institutions are robust enough to withstand fascism. They believe, because the belief is soothing, that the marketplace of ideas cares about the value, durability, and quality of its wares rather than how shiny the packaging is, how catchy the jingle, how many times it shows up in your peripheral brand awareness until itâs the one you reach for on the shelf."