Provocative framing from @delong: "These Chicago Boys are all right-wing Marxists. They buy the Marxian proposition that the state is an executive committee for rigging the economy in the interest of the ruling class."
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"But they think that that is a good thing as long as the ruling class is based on wealth, however previously acquired. All their objections are to those who use some form of societal power other than wealth to try to rig the economy in their interest."
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"And while there is an argument that a wealth-based ruling class is in general best, it is a weak argument. "
braddelong.substack.com/p/why-do-econo…
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braddelong.substack.com/p/why-do-econo…
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Reminds me of Frank Wilhoit's classic and compact framing:
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protectes but does not bind, alongside out-groups whom the law binds but does not protect."
crookedtimber.org/2018/03/21/lib…
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"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protectes but does not bind, alongside out-groups whom the law binds but does not protect."
crookedtimber.org/2018/03/21/lib…
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