{"id":180464,"date":"2017-04-12T21:33:00","date_gmt":"2017-04-13T02:33:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/04\/12\/quote-of-the-day-65\/"},"modified":"2017-04-12T21:33:00","modified_gmt":"2017-04-13T02:33:00","slug":"quote-of-the-day-65","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/04\/12\/quote-of-the-day-65\/","title":{"rendered":"Quote of the Day"},"content":{"rendered":"<blockquote><p>And so, contrary to Hayek\u2019s expectations, financial globalisation has proved that it is market fundamentalism, and not the regulatory state that is leading the world into an era of authoritarianism and totalitarianism \u2013 in the US, Eastern Europe, India and China.<\/p>\n<blockquote><p>\u2014<a href=\"http:\/\/www.primeeconomics.org\/articles\/is-globalisation-dead\">Ann Pettifor<\/a><\/p><\/blockquote>\n<\/blockquote>\n<p>This is not surprising the relentless concentration of power by monopolists has always had this effect.&nbsp;<\/p>\n<p>As an aside, Hayek in fact loved authoritarianism and totalitarianism, as shown by his <a href=\"http:\/\/crookedtimber.org\/2013\/06\/25\/the-hayek-pinochet-connection-a-second-reply-to-my-critics\/\">full-throated support of the brutal Pinochet regime in Chile<\/a>, and his <a href=\"http:\/\/coreyrobin.com\/2012\/07\/09\/but-wait-theres-more-hayek-von-pinochet-part-2\/\">only slightly more muted defense of the Apartheid regime in South Africa<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>And so, contrary to Hayek\u2019s expectations, financial globalisation has proved that it is market fundamentalism, and not the regulatory state that is leading the world into an era of authoritarianism and totalitarianism \u2013 in the US, Eastern Europe, India and China. \u2014Ann Pettifor This is not surprising the relentless concentration of power by monopolists has &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[392,417,479,504,374],"class_list":["post-180464","post","type-post","status-publish","format-standard","hentry","tag-economy","tag-international-commerce","tag-monopoly","tag-philosophy","tag-politics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180464"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=180464"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180464\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=180464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=180464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=180464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}