Tag Archives | Left-Libertarian

Guerillas in the Midst

– I know what you’re going to say. You’re going to say, as so many of our enemies do, that you admire our ideals, but loathe our methods.

– I loathe your ideals. I admire your methods.

….. (Ayn Rand, We the Living, 1st edition.)

With a new Che Guevara movie on the way I thought it would be worth reviewing Rothbard’s shifting views on Che’s popularity.

Kill them all! Heh heh. In 1967 Rothbard wrote:

Che is dead, and we all mourn him. Why? … Surely not because Che was a Communist. Precious few people in this country or anywhere else will mourn the passing, for example, of Brezhnev, Kosygin, or Ulbricht, Communist leaders all. No, it is certainly not Che’s Communist goals which made his name a byword and a legend throughout the world, and throughout the New Left in this country.

What made Che such an heroic figure for our time is that he, more than any man of our epoch or even of our century, was the living embodiment of the principle of Revolution. … And furthermore … we all knew that his enemy was our Enemy – that great Colossus that oppresses and threatens all the peoples of the world, U. S. imperialism.

Likewise a year later, commenting on the ’68 uprisings, Rothbard suggested that students revered Che – and also Mao – not because they were a Communist – since, again, Brezhnev was also a Communist and nobody revered him – but because Che and Mao had shown that in our “modern, complex, and militarized world” people are still “able to make revolution.”

Two more years later, however – in 1970 – Rothbard had moved to a less optimistic explanation for Che’s and Mao’s being more popular than Brezhnev, a shift corresponding to his increasing disillusionment with the left:

It is the communist ideal, the ultimate goal of Marxism, that excites the contemporary Marxist, that engages his most fervent passions. The New Left Marxist has no use for Soviet Russia because the Soviets have clearly relegated the communist ideal to the remotest possible future. The New Leftist admires Che Guevara, Fidel Castro, Mao Tse-Tung not simply because of their role as revolutionaries and guerrilla leaders, but more because of their repeated attempts to leap into communism as rapidly as possible. … The New Left, for example, ignores and scorns Marshall Tito despite his equally prominent role as Marxian revolutionary, guerrilla leader, and rebel against Soviet Russian dictation. The reason … is because Tito has pioneered in shifting from Marxism toward an individualistic philosophy and a market economy.

I have no particular dog in this fight; I think different leftists have admired Che for different reasons – some for the “good” reasons and some for the “bad” ones. I also think Rothbard went from an insufficiently selective engagement with the left in the 1960s (too willing to make nice with Maoists, for example) to an excessively broad rejection of the left in the 1970s, and may accordingly have passed in tandem from an excessively rosy interpretation of Che’s popularity to an excessively bleak one.


Cato Institute Publishes Leftist Screed!, Pars Nona

More from Stephan Kinsella here and here, and another reply from Kevin Carson here.

It’s frustrating not to be able to jump in here yet (especially since Stephan’s and Peter Klein’s interpretations of my position have grown increasingly strange, and I want to grouse about it in detail) but I’m surrounded by stacks of term papers and final exams right now ….


Don’t Know Much About Economics…

Guest Blog by Jennifer McKitrick

[cross-posted at Jen Mc’s Blog]

Don’t Know Much About Economics…

But as far as I can figure…

The plan of the Trouble Asset Relief Program is that the US government borrows money from China so that they can lend it to banks so banks can lend it to consumers/taxpayers.

(China should just open up banks in the US and lend directly to consumers. Cut out the middle men! Especially ones that spend the money on spa retreats for their clients.)

So basically, the government is putting taxpayers in debt so that money can be lent to same taxpayers, with interest.

Rube Goldberg cartoon

If enough taxpayers pay back the bank, the bank can pay the government, and the government can pay back China, and if there’s any left over, it will “benefit the taxpayer,” whatever that means.

(Another short cut: If you really want to benefit the taxpayer, reduce the amount that they have to pay on their loans now, rather than giving them a promise of a cut of the profits made off their own interest payments.)

Now, if not enough taxpayers pay their loans, the bank can’t pay back the government, but the government still has to pay back China, so where will they get the money? From taxpayers! Which taxpayers? The ones who were unable or unwilling to pay their loans? Unlikely. For the others (and subsequent generations), after they’re done paying back any money that they may have borrowed, they still have to pay back the money that someone else borrowed. That sounds less like being financially responsible and more like being a sucker.

Another thing…
If the Big 3 are good for the money, why can’t they get regular loans?

Credit is tight, I know. But the government already gave billions to financial institutions so they could make loans. I guess the banks figure they shouldn’t risk the taxpayer’s money that way. That would be irresponsible!

But what do I know?

Jennifer McKitrick is Associate Professor of Philosophy at the University of Nebraska – Lincoln, and Vice-President of the Molinari Institute and Molinari Society.


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