The Financial Times has opined recently that there is a rising libertarian tide in the United States of America. Particularly among the so-called Gen Y or Echo Boomer generation, who they claim do not easily jell with the current mainline American political schema. I have opined myself in the past that these ideas are foreign to America, and in fact are indeed Austrian in their derivation/origination/progenation. One only needs to read a healthy dose of Dickensian literature, if s/he wants to understand the monstrous repercussions of the insidious philosophy known as right-wing libertarianism! Noam Chomsky recently was interviewed by one of these (ideologically) dangerous so-called libertarians, where he aptly pointed out that traditional libertarians — of the Continental European variety — were quite disagreeable to having any sort of gods or masters, whereas today’s American right-wing so-called libertarian movement; which has essentially flipped traditional libertarianism 180 degrees on its head are quite content, in fact, in having (as well as serving) “illustrious” masters.

Read about the economic proposals of the American Whig Party if one wants to see some rational takes/views on economics! Along with the work of Henry Charles Carey, an economic adviser to Abraham Lincoln. Lincoln was immensely Whig influenced. The Whig politician from Kentucky Henry Clay even referred to his economic theories as the American System! Today we rather unfortunately have a senator in that state who is subsumed/transfixed by the economic models/theories of Austria! Such a sad turn of affairs in the state that gave birth to titans such as Henry Clay, as well as his eminently capable and remarkably industrious — and indeed far ahead of his time — emancipationist cousin, Cassius Marcellus Clay (of who the famous boxer was, of course, named for prior to his religious conversion).

In spite of whatever the bourgeois European elite FT maybe be bellwethering, I was heartened to read a recent piece of the long-toiling populist Jim Hightower. Hightower had a completely different reading of the political winds of America, and the nature in which future political configurations/power formations may be forging. Peter Beinart, former New Republic editor of all people, also had a much rosier assessment IMHO of America’s political eventuality/unfolding, in a piece that he wrote for the Daily Beast around four months ago. I have prognosticated at times myself; I must declare, although, much like the so-called dismal science of economics, I think that the “science” of soothsaying/oraclizing is (sad to say it) even more dismaler!