Meet The Economist Behind The One Percent’s Stealthy Overthrow Of America



The Holy Grail was the Constitution: alter it and you could increase and secure the power of the wealthy in a way that no politician could ever challenge.

By Lynn Parramore
Institute For New Economic Thinking (5/30/18)

Ask people to name the key minds that have shaped America’s burst of radical right-wing attacks on working conditions, consumer rights and public services, and they will typically mention figures like free market-champion Milton Friedman, libertarian guru Ayn Rand, and laissez-faire economists Friedrich Hayek and Ludwig von Mises.

James McGill Buchanan is a name you will rarely hear unless you’ve taken several classes in economics. And if the Tennessee-born Nobel laureate were alive today, it would suit him just fine that most well-informed journalists, liberal politicians, and even many economics students have little understanding of his work.

While Americans grapple with Donald Trump’s chaotic presidency, we may be missing the key to changes that are taking place far beyond the level of mere politics. Once these changes are locked into place, there may be no going back.

The reason? Duke historian Nancy MacLean contends that his philosophy is so stark that even young libertarian acolytes are only introduced to it after they have accepted the relatively sunny perspective of Ayn Rand. (Yes, you read that correctly). If Americans really knew what Buchanan thought and promoted, and how destructively his vision is manifesting under their noses, it would dawn on them how close the country is to a transformation most would not even want to imagine, much less accept.

That is a dangerous blind spot, MacLean argues in a meticulously researched book, Democracy in Chains, a finalist for the National Book Award in Nonfiction. While Americans grapple with Donald Trump’s chaotic presidency, we may be missing the key to changes that are taking place far beyond the level of mere politics. Once these changes are locked into place, there may be no going back.

An Unlocked Door in Virginia

MacLean’s book reads like an intellectual detective story. In 2010, she moved to North Carolina, where a Tea Party-dominated Republican Party got control of both houses of the state legislature and began pushing through a radical program to suppress voter rights, decimate public services, and slash taxes on the wealthy that shocked a state long a beacon of southern moderation. Up to this point, the figure of James Buchanan flickered in her peripheral vision, but as she began to study his work closely, the events in North Carolina and also Wisconsin, where Governor Scott Walker was leading assaults on collective bargaining rights, shifted her focus.

Could it be that this relatively obscure economist’s distinctive thought was being put forcefully into action in real time?

MacLean could not gain access to Buchanan’s papers to test her hypothesis until after his death in January 2013. That year, just as the government was being shut down by Ted Cruz & Co., she traveled to George Mason University in Virginia, where the economist’s papers lay willy-nilly across the offices of a building now abandoned by the Koch-funded faculty to a new, fancier center in Arlington.

MacLean was stunned. The archive of the man who had sought to stay under the radar had been left totally unsorted and unguarded. The historian plunged in, and she read through boxes and drawers full of papers that included personal correspondence between Buchanan and billionaire industrialist Charles Koch. That’s when she had an amazing realization: here was the intellectual linchpin of a stealth revolution currently in progress. …

Read The Rest

  • Democracy ‘n Chains: The Radical Right’s Stealth Attack On American Democracy — In part one, Nancy Maclean reveals Nobel-prize winning economist James M. Buchanan as the architect of the Koch Brothers’ secret campaign to undermine public education, unions and to reshape America. Link To 12-Minute Video


Progressives: Read This Book And Wake Up To The Full Extent Of The Threat Now Unfolding Upon Us

By Mark L. Taylor
The Commoner Call (4/27/20)

Historian Nancy MacLean’s excellent history Democracy in Chains of economist James McGill Buchanan and the foundations and machinery of the modern — and highly successful — right wing machine; a machine that is completely fascist. Buchanan provided the Koch brothers the intellectual and philosophical structure they needed for the corporate coup now spinning forward.

The story of how MacLean came to the story of Buchanan’s role is fascinating, beginning with being given access to his office after his death with personal papers spread out across his desk. One of the first she spotted was a letter from one of the Koch brothers. The book is as riveting as a crime novel.

If knowing your enemy is the first rule of warfare, then this book should be on every progressive’s reading list. Unfortunately, most progressives are woefully unaware of the threat we face and completely underestimate what is taking place. MacLean’s book can get you up to speed.

As Lynn Paramour, the author of the article above notes:

“Nobody can say we weren’t warned.”