Book Review: Democracy in Chains by Nancy MacLean


AuthorNancy MacLean
TitleDemocracy in Chains
Narrator: Bernadette Dunne
Publication Info: Penguin Audio, 2017
Summary/Review:

This book documents the history of the political and economic ideology that has come to dominate the Republican party today. A lot of the familiar figures are here from Friedrich Hayek to Milton Friedman to Charles and David Koch.  But the central figure of this narrative is James Buchanan, founder of the “Virginia school” of political economy – teaching and training economists at University of Virginia, Virginia Tech, and George Mason University – and a major figure in the Mont Pelerin Society and Cato Institute.  Buchanan put forward the public choice theory which introduced many familiar ideas of limited government, anti-regulation, anti-taxation, and rewarding the “job creators” into the public debate. He also came up with long-term strategies of eroding the public’s trust in the government and using the proximity to Washington, DC to keep close ties with right wing leaders while economists trained in his methods went through a revolving door between academia, lobbying, and government positions. MacLean’s writing is obviously biased and I doubt that many of her most conspiratorial implications are 100% accurate.  Nevertheless it is clear that this particular form of right-wing/libertarian ideology has taken hold of at least one major party and the wealthy individuals and corporations who support it, and that it is due to a many decade effort to influence hearts and minds by Buchanan and his cohort.

Recommended booksFree Lunch by David Cay Johnston, The Shock Doctrine by Naomi Klein, and The Price of Inequality by Joseph E. Stiglitz
Rating: ***

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