By David Owen

Booklet through Owen, David, Brzezinski, Zbigniew K., Okita, Saburo

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Extra resources for Democracy Must Work: A Trilateral Agenda for the Decade

Sample text

A social democratic liberal who responded angrily to Hayek was Herman Finer in The Road to Reaction (1945). Finer appeals to an evolving liberalism that he accuses Hayek of ignoring. According to Finer, Hayek does not take the democratic aspect of liberal democracy seriously enough: he favors democratic elections in order to avoid unrest but does not want the majority to have its way. ”23 Because Hayek seeks to curb the majority, Finer explains, he talks about federations in which sovereignty is divided.

In the nineteenth century most continental liberals were also nationalists and only opportunistically free traders. 42 In twentieth-century America free traders have included both nationalists-isola-tionalists and vigorous internationalists. In 1940 opponents of American intervention in the Second World War, led by William Borah and Hamilton Fish, thought that the removal of tariff barriers would bring peoples together without military force. 43 In recent debates over the North American Free Trade Agreement and the General Agreement on Tariffs and Trade, the same difficulty arose about determining the true representatives of the liberal tradition.

In Austria the free-market economist Ludwig von Mises complained in his major work, Die Gemeinwirtschaft (1932): “No one has understood liberalism less than those who have claimed in recent decades to be liberals. They have imagined themselves fighting the ‘excrescences’ of capitalism; and they have thereby taken over the characteristic asocial thinking of the socialists. A social order has no ‘excrescences’ that can be merely excised. If a phenomenon develops necessarily out of the effects of a social system based on private control of the means of production, no ethical nor aesthetic whim should condemn it.

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Democracy Must Work: A Trilateral Agenda for the Decade by David Owen
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