Macroeconomic Monitor

2018.08.31

The West owes its wealth to parliamentarism, not monarchy

In order for a nation to become rich, its entire population must be emancipated, not just the aristocracy. Monarchism received a new impetus among libertarian and conservative circles after the monumental work “Democracy – The God Who Failed” by Hans-Hermann Hoppe. In it, the author criticizes the so-called “public ownership of the state”, expressed in parliamentary democracy …

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