Jamal Awil

← The Morals of the Market

In Chile, constitutionally enshrined rights. [fact]

In Chile, Hayek praised the junta for its willingness to run the country 'without being obsessed with popular commitments or political expectations of any kind'. Coercion was justified, he believed, to 'provide an effective external framework within which self-generating orders can form'. The fragile 'spontaneous order' of the market required a strong state to protect it from political interference. … James Buchanan struck a similar note in his paper 'Limited or Unlimited Democracy', presented at the regional Mont Pèlerin Society meeting in Viña del Mar, the Chilean seaside town where the coup was plotted. The Virginia School neoliberal criticised the 'totalitarian thrust of unlimited democracy', and stressed that any government (whether a democracy or a 'junta') must be strictly limited for the sake of 'insuring and protecting individual liberties'. … The single proactive role of the state, he contended, would be 'to enforce market discipline on society'. In Chile, constitutionally enshrined rights, including human rights, became tools for enforcing such market discipline.

Jessica Whyte, The Morals of the Market, loc. 364