And as you would expect, it\’s not looking good.
Hayek\’s legacy, which now lies in ruins all around us, is still brightly promoted, but its claims to fairness and freedom have been utterly discredited.
Given that we\’ve not had a Hayekian order the current problems cannot be blamed on Hayek nor can they be used as a disproof of his ideas.
But don\’t look to economists to get us out of this hollow mould of neoliberal economics and its bastard child, managerialism
For example, to think that Hayek was about managerialism is really rather absurd. And of course managerialism has really taken hold in the public sector: Ed Balls knowing how to run every school in the country as an example. Very much not neo-liberal economics nor Hayek.
No, it doesn\’t get better either.