Posts Tagged ‘Hoppe’

NRx and Liberalism

In much of the neoreactionary camp, ‘liberalism’ is the end-point of discussion. Its argumentative function is exactly that of ‘racism’ for the left. The only question, as far as this stance is concerned, is whether the term can be made to stick. Once the scarlet letter of micro-cultural ostracism is attached, there’s nothing further to discuss. This is unlikely to change, except at the margin.

The obvious preliminary to this topic is, if not quite ‘American English’, something like it. ‘Liberalism’ in the American tongue has arrived in a strange space, unique to that continent. It is notable, and uncontroversial, for instance that the notion of a ‘right-wing liberal’ is considered a straight oxymoron by American speakers, where in Europe — and especially mainland Europe — it is closer to a pleonasm. Since we still, to a very considerable extent, inhabit an American world, the expanded term ‘classical liberal’ is now required to convey the traditional sense. A Briton, of capitalistic inclinations, is likely to favor ‘Manchester Liberal’ for its historical associations with the explicit ideology of industrial revolution. In any case, the discussion has been unquestionably complicated.

Political language tends to become dialectical, in the most depraved (Hegelian) sense of this term. It lurches wildly into its opposite, as it is switched like a contested flag between conflicting parties. Stable political significances apply only to whatever the left (the ‘opposition’, or ‘resistance’) hasn’t touched yet. Another consideration, then, for those disposed to a naive faith in ideological signs as heraldic markers. (It is one that threatens to divert this post into excessive digression, and is thus to be left — in Wikipedia language — as a ‘stub’.)

The proposal of this blog is to situate ‘liberal’ at the intersection of three terms, each essential to any recoverable, culturally tenacious meaning. It is irreducibly modern, English, and counter-political. ‘Ancient liberties’ are at least imaginable, but an ancient liberalism is not. Foreign liberalisms can be wished the best of luck, because they will most certainly need it (an exception for the Dutch, alone, is plausible here). Political liberalism is from the beginning a practical paradox, although perhaps in certain rare cases one worth pursuing.

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March 23, 2016admin 71 Comments »
FILED UNDER :Neoreaction
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Quote note (#176)

Hoppe:

A king owned the territory and could hand it on to his son, and thus tried to preserve its value. A democratic ruler was and is a temporary caretaker and thus tries to maximize current government income of all sorts at the expense of capital values, and thus wastes. […] Here are some of the consequences: during the monarchical age before World War I, government expenditure as a percent of GNP was rarely higher than 5%. Since then it has typically risen to around 50%. Prior to World War I, government employment was typically less than 3% of total employment. Since then it has increased to between 15 and 20%. The monarchical age was characterized by a commodity money (gold) and the purchasing power of money gradually increased. In contrast, the democratic age is the age of paper money whose purchasing power has permanently decreased. […] Kings went deeper and deeper into debt, but at least during peacetime they typically reduced their debt load. During the democratic era government debt has increased in war and in peace to incredible heights. Real interest rates during the monarchical age had gradually fallen to somewhere around
2½%. Since then, real interest rates (nominal rates adjusted for inflation) have risen to somewhere around 5% — equal to 15th-century rates. Legislation virtually did not exist until the end of the 19th century. Today, in a single year, tens of thousands of laws and regulations are passed. Savings rates are declining instead of increasing with increasing incomes, and indicators of family disintegration and crime are moving constantly upward.

All familiar, to a sedative degree, to those here, of course. Except, crucially, the interest rate stuff — which is remarkably dissonant with our contemporary situation. Since Hoppe’s expectation — based on a long-term, fairly consistent trend — is the rational one, it suggests that the present collapse of interest rates is intriguingly anomalous. Is there a sharp, big-picture analysis of the phenomenon out there somewhere?

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July 31, 2015admin 38 Comments »
FILED UNDER :Democracy
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