Hayek misattributed capitalism’s bureaucratization to foreign ideas rather than its internal dynamics.
Evidence
But just as Hayek failed to consider the developmental tendencies of political life, he also failed to take account of the changing nature of capitalist economies from the later nineteenth to the mid-twentieth century. Consequently, the centralization and bureaucratization that he attacks is an outcome of “foreign ideas,” not the internal dynamic of business, welfare, and politics. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 392
Categorization
- XREF: Challenges the received narrative that centralization was purely statist; parallels Polanyi’s embeddedness critique that markets themselves produce state responses. — connects to: Hayek saw collectivist mass politics as the long-standing destroyer of free markets. — Jessica Whyte, The Morals of the Market: Human Rights…, 69; Hayek blamed Germanic ideas, not industrialization, for British statism — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 154; Hayek blamed foreign ideas, not democracy itself, for liberalism’s decline. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 381
- corroborated: 2 independent passages support this claim — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 392