Last week, Yasha Levine and I broke our Nation magazine story on The Dylan Ratigan Show exposing free-market hypocrisy by Charles Koch and Austrian economist Friedrich von Hayek on a scale so grotesque it was hard to know whether to laugh or scream, or both. A brief recap: We revealed letters from the early-mid 1970s in which Charles Koch– the biggest funder of a four-decade-long campaign to destroy Social Security and Medicare–privately championed Social Security and Medicare in order to lure Hayek out of Austria (where he enjoyed universal health care) and into America, so that Hayek could front for Koch’s war on entitlements. Hayek was more than happy to oblige Koch, except for one problem: Hayek was privately afraid of America’s free-market health care system, so afraid that he initially turned Koch’s offer down. But as Charles Koch was to find out, Hayek was a fellow traveler in free-market hypocrisy: Back in the 1950’s, while Hayek was at the University of Chicago, the Austrian-born economist had secretly and voluntarily opted into the Social Security program, and continued paying in for 40 quarters—qualifying Hayek for Medicare and Social Security, just in time for Charles Koch’s invitation. That was great news for all, because it meant Hayek could come out and help Koch destroy Social Security and Medicare while simultaneously living off those same programs, and not worry about falling through the brutal free-market “safety net” that Hayek privately feared. (more…)
October 6th, 2011 | Comments (31)
