Thursday, October 9, 2025

Re-Civilize or Die

An interview with Philip Pilkington. From Post-Liberal Order:

To a large extent late liberalism just cannabilised what was left of the pre-liberal social capital. On my reading, liberalism is an inherently unstable and destabilising ideology because it pushes people to reject all social hierarchies and therefore all social structures. It can only really survive by marrying itself to non-liberal aspects of a society. I think this is basically what happened in the case of the global economy. After the Second World War Western economies were managed and a key goal of this management — you find it at the center of the Bretton Woods conference in 1944 — is to ensure that trade imbalances are limited. That system evaporated in 1973 when Nixon closed the gold window but even then concerns about trade imbalances persisted, as we see with the Plaza Accords that sought to close the US trade deficit that was pursued by the Reagan administration. It was in the 1990s and 2000s, under Clinton and Bush that the system was allowed to completely unravel. (Read more.)

Share

No comments: