5min chapter

The Soho Forum Debates cover image

Are Libertarians Greedy and Delusional?

The Soho Forum Debates

CHAPTER

The Consequences of Crony Capitalism

Libertarianism is susceptible to abuse by predators. Wealth in the United States is increasingly tolerated at the top, he says. A college degree no longer reliably guarantees middle-class status, Hayek writes. Hostility to government has also crippled public services that capitalism needs for its operations, he adds. "It's not an accident that the pandemic response team was disbanded"

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