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In recent decades a new type of mercantilist enterprise has become key in many federal programs. These are the nonprofit foundations that help create government pilot programs, fund pro-regime media projects, and work with regimes to accomplish ideological projects hatched by the ruling class.
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There are only two ways people interact: voluntarily or coerced. The free market is voluntary. In a free market in money people choose the type of money that suits their needs. The outcome is sound money. The alternative is tyrannical government money, or a tyrannical fiat world currency.

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For the past seventy years, the major US foundations have been the main drivers of socialism, even more so than the state bureaucracies.

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Deneen takes on the free market and its traditions. Neither of which he understands well.

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Crack-Up Capitalism will be of interest to many readers because of what it says about Murray Rothbard. While Slobodian’s book has elicited praise from some eminent leftist worthies, it isn’t what it is cracked up to be.

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