By Kevin D. Williamson
Monday, December 29, 2014
There is a great deal of argument on the subject of
capitalism that could be superseded by coming to some agreement about what we
talk about when we talk about capitalism. If by “capitalism” we mean (a) what
happens when a few million grocers and the mind-bendingly complex chains of
production behind them compete for the custom of a few hundred million hungry
Americans, that’s one thing; if by “capitalism” we mean (b) bank bailouts and
General Electric’s defense-contracting division, that’s another thing. There
are critics of capitalism who argue that (a) leads inevitably to (b); one need
not necessarily take a position on the merits of that claim to understand that
(a) and (b) are nonetheless different things, and that if we take “capitalism”
to mean (b) then we need another term — “free enterprise,” “laissez-faire,”
etc. — to denote (a).
Across a not-insubstantial spectrum of political debate,
the common term for (a) is “economic liberalism,” but in the contemporary
context — particularly the contemporary American context — that presents some
difficulty, too, as evidenced by Katrina Forrester’s new essay in The Nation,
“Liberalism Doesn’t Start With Liberty.” Forrester, a lecturer in the history
of political thought at Queen Mary University, London, begins with a strange
assertion: that the idea of liberalism as a consent-oriented view rooted in the
work of John Locke and based on “toleration, private property, and
individualism” is in effect a propaganda coup, “a recent invention. It is, in
fact, largely a product of the Cold War. . . . Before the 1930s, histories of
liberalism told a different story.” The claim is false on its face: We find
that conception of historical liberalism fully developed as early as Ludwig von
Mises’s Nation, State, and Economy, published in 1919, to say nothing of Adam
Smith’s attention to “liberal” policy in a rather more well-known work in 1776.
(If you would like a few charts illustrating the historical use of the word
“liberal,” Daniel B. Klein obliges in The Atlantic here.) Mises was writing not
in the context of the Cold War but in the context of the trauma of the First
World War; the book’s original title was Imperialism, and that tendency, rather
than socialism, is the evil to which Mises addresses his criticism. The French
use of libéral to denote political ideas emphasizing individual liberties dates
to the 18th century, its adoption by critics of the English proponents of those
ideas at least to the first year of the 19th. That the common understanding of
“liberalism” and its origins is a Cold War invention surely would come as a
surprise to the ghosts of Peel and Gladstone.
Forrester would be correct if she were arguing that what
we now commonly call “liberalism” is a very different phenomenon from the one
Smith and Locke had in mind, one with its origins in the early 19th century and
heavily influenced by Bismarck’s social-welfare state and the experiments of
so-called pragmatists in the United States. But unless I am grievously
misreading her, that is not her argument; rather, her assertion is that our
contemporary understanding of liberalism is a fraud perpetrated by opponents of
socialism who invented for themselves an intellectual pedigree that “harked
back to an imaginary nineteenth-century laissez-faire liberalism.”
There is something more at work here than exercises in
political brand-building. For the Left, “liberalism” means a social and
political program that evolved to address the perceived shortcomings and
excesses of capitalism as practiced in the 19th and 20th centuries; for the
Right, what we today call “liberalism” is in reality a reaction against
liberalism, with such factors as laissez-faire economic policies,
constitutional government, individual rights, property, etc., forming a unitary
whole. Forrester writes of F. A. Hayek’s “willingness to belittle politics,”
which is a very strange claim to make about a man who wrote a massive book on
the organization of politics, covering every subject from constitutionalism to
the role of labor unions to planning-and-zoning laws. Hayek, like the liberals
who came before and after him, believed that the liberal economic order and the
liberal political order are intrinsically linked. (Modern experiences ranging
from Northern European welfare states to Singapore suggest that these linkages,
while real, are less robust and operate in a less straightforward manner than
Hayek assumed in The Road to Serfdom and elsewhere.) This is important to
understand because the Left’s fundamental intellectual defect — at least in the
critique of those liberals who are now obliged to call ourselves
“conservatives” — is that it seeks to establish something very much like the
arbitrary princely powers that Smith and Hayek warned against, and that
Washington fought against. The Left believes that this power can be made
benevolent not by the strengthening of democracy — that is not precisely right
— but rather by making ever-greater portions of society subject to arbitrary
princely powers when those powers enjoy the endorsement of a plebiscite, as
though handing over Augustus’s powers to the tribune of the plebs would constrain
the imperial tendency.
Whether we call what the Left believes “liberalism,”
“progressivism,” or pumpkin pie, we must address that assumption.
This speaks to an ancient but fundamental disagreement
over the nature of human beings and, consequently, over the nature of human
society. Conservatives — those who seek to conserve the liberal national order
formalized by the founding of the American republic — tend to be oriented
toward process, toward a narrow reading not only of Constitution and statute
but also of the meaning of rights (negative) and the role of the state
(limited); in our view, rights are enjoyed by individuals rather than by
collectives, even when those rights are exercised in aggregate. Forrester
characterizes this habit as “polar thinking,” and against it opposes what she
calls “practical thinking” and “practical compromise.” Readers of Jonah
Goldberg will be familiar with the endless mutations of familiar ideology that
are folded into the assumptions of self-proclaimed pragmatists.
Forrester has no patience for the “unbridled
individualism of the market economist,” just as John Nichols, also writing in
The Nation, laments “unfettered capitalism,” a favorite phrase among so-called
liberals (Chris Hedges invokes it in The Death of the Liberal Class). Which
brings us back to a linguistic question: What is the opposite of “unbridled”?
What is the opposite of “unfettered”? Excising the negative prefixes and
considering the implications is a much more illuminating argument that
“liberalism,” as we perversely call it, “doesn’t start with liberty” than
anything one might read in The Nation lately.
Suetonius reports Caligula’s stated wish that “all Romans
had one neck.” From a purely practical point of view, it would be easier to
affix a bridle that way. A “liberalism” that is chiefly concerned with the many
clever uses of bridles and fetters does not deserve the name. It never has.
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