For this reason, despite some personal reluctance – and perhaps to the chagrin of many of my fellow classical liberals – I attribute much of Obama’s victory to a key concept defined by Nobel Laureate economist F.A. Hayek as the fatal conceit.
In his final book, The Fatal Conceit: The Errors of Socialism, Hayek described this concept as one that assumes “man is able to shape the world around him according to his wishes.”
For those unfamiliar with him, Hayek, during his prolific academic career, sagely and perspicaciously provided the theoretic framework for and proclaimed the benefits of the free-market system, or what he often referred to as “the extended order of human cooperation.”
In commenting on socialism, Hayek said, “The dispute between the market order and socialism is no less than a matter of survival. To follow socialist morality would destroy much of present humankind and impoverish much of the rest.”
This is the future America has chosen.
Over the past century, socialists, Keynesians, progressives, and other big-government proponents have slowly cajoled Americans into adopting the collectivist mindset.
Sadly, because of perpetual bludgeoning via emotive, irrational arguments by liberals about the supposed immorality of the free market, too many Americans have been conditioned to accept more intrusive government control over their lives.
Today, a majority of Americans have conceded their liberty to the coercive power of the state. America, a nation conceived in liberty, has forfeited its natural rights and succumbed to an irresolvable finality, Hayek’s fatal conceit.