Economic nationalism results from special interests empowered by popular democracy, not poor leadership.

Evidence

In his 1942 book International Economic Disintegration, which was the culmination of the proj­ect begun at Annecy in 1936, Röpke laid out a dynamic reminiscent of Robbins and Hayek by arguing that the international order had been undermined by the distorting demands of special interests empowered by popu­lar democracy. He summarized this point at the Walter Lipp­mann Colloquium when he said, “It is not enough to say that economic nationalism is the result of a lack of intelligence among leaders; it is economic interests and professional groups that engage in nationalist policy, it is special interests that dissolve the State.” — Quinn Slobodian, Globalists, 384

Categorization

  • DEEPTHINKING: This is the core causal diagnosis linking democracy, special interests, and economic nationalism — density of implications for the whole neoliberal project.
  • XREF: Connects to the book’s central thesis of insulating markets from democracy; also resonates with public choice theory’s critique of interest-group democracy. — connects to: Official nationalism serves threatened ruling classes, not great powers alone — Benedict Anderson, Imagined Communities: Reflections on…, 380; Nationalism’s political role depends on the class configuration of its power bloc — Aijaz Ahmad, In Theory: Nations, Classes, Literatures, 21; Official nationalism is a reactive response to earlier popular national movements — Benedict Anderson, Imagined Communities: Reflections on…, 348 (+2 more)

Broader Connections