A new book by Beat Kappeler shows that the separation of powers is being undermined, parliaments are being commanded by governments and bureaucracies, and the debt economy is being financed by central banks. The author also proposes remedies for these issues.
In his book “Why Liberalism Failed” Patrick Deneen deals with all varieties of Liberalism. They are the fruit of a false image of man – an assertion which, however, proves to be questionable on closer inspection.
This September marked the 75th anniversary of F.A. Hayek’s pivotal essay “The Use of Knowledge in Society.” It is not only a noteworthy advance in Hayek’s critique of central planning. Hayek’s insights about competition as a ‘discovery procedure’ also provides conceptual tools for other forms of institutional analysis.
Today, social debates are ignited from the political margins. When democracy is in crisis and social cohesion is crumbling, it is time for intellectuals to focus on the essentials. What is needed is an anti-totalitarian self-enlightenment from the political center.
Joint stock companies and stock exchanges have made the upswing of modern economies possible. However, they have always been suspected of serving the greed of a few. What, then, is the function of “financial capitalism”?
For the guardians of political correctness, prejudicial suspicion is not bad in itself, so long as it is directed against the right groups. Moreover, the current hysteria about racism obscures the real problems—creating an obstacle for those who actually want to help.
For years Bolivia was considered a successful example of the “Socialism of the 21st century”. An apparently booming economy blinded economists and politicians and obscured the view of a regime that was in reality authoritarian and corrupt.
