A Review
Lew Rockwell interviews Hans-Hermann HoppePersonally I had never fallen for the myth of democracy (neither had any of the founding fathers of America; do a web search on James Madison quotes, for example). It ought to be obvious to any thinking person, or anyone who talks to the typical voter, that mob rule cannot work. But my objection was always more along the lines of that of Traditionalists, such as Julius Evola. Despite my knowledge of Austrian economics, of which Hoppe is of course a devotee, I had never thought of objecting on a purely economic basis.
That's what makes this book so valuable: Hoppe uses the only existing valid economic theory to demolish any illusions any serious person might have about mob rule.
The book is not perfect. Hoppe lacks the perspective that comes with an understanding of history as cyclical. This causes him to imagine that ideas are what drives social organizations; of course, ideas are only invented after the fact, to rationalize whatever stage a given society has reached. Humans act on instinct. All civilizations pass through the same phases. There is nothing that can stop the ongoing collapse of the West. Likewise, monarchies always follow the anarcho-capitalism phase Hoppe prefers (which in practical terms will reduce to a benign feudalism, as the natural elites emerge as rulers of small domains). Monarchies are in turn replaced by mobs as the society comes unglued. It is much the same on the individual level. The poor strive and save and become rich; the rich become decadent and spend their capital inheritance, and again become poor, and the cycle starts anew...
Nevertheless this is the best book on political theory I have seen simply because it is the only one written from the perspective of real economics. It gets extra points for not shrinking from very important ideas which are controversial, for example footnoting the work of social scientists such as J. P. Rushton, which of course the false schools of sociologists and egalitarians despise and fear. And personally I like this better than Evola's pro-monarchist works because it doesn't ever devolve into mushy mysticism. An absolute must for the bookshelf of anyone who wants to understand the exact mechanisms by which the West was undone.
http://www.lewrockwell.com/podcast/?p=e ... failed.mp3