Hayek's Bastards: Race, Gold, IQ, and the Capitalism of the Far Right
Apr 2025 · Near Futures Book 9 · Princeton University Press
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Winner of the National Book Critics Circle Award for Criticism
How neoliberals turned to nature to defend inequality after the end of the Cold War
Neoliberals should have seen the end of the Cold War as a total victory—but they didn’t. Instead, they saw the chameleon of communism changing colors from red to green. The poison of civil rights, feminism, and environmentalism ran through the veins of the body politic and they needed an antidote.
To defy demands for equality, many neoliberals turned to nature. Race, intelligence, territory, and precious metal would be bulwarks against progressive politics. Reading and misreading the writings of their sages, Friedrich Hayek and Ludwig von Mises, they articulated a philosophy of three hards—hardwired human nature, hard borders, and hard money—and forged the alliances with racial psychologists, neoconfederates, ethnonationalists, and goldbugs that would become known as the alt-right.
Following Hayek’s bastards from Murray Rothbard to Charles Murray to Javier Milei, we find that key strains of the Far Right emerged within the neoliberal intellectual movement not against it. What has been reported as an ideological backlash against neoliberal globalization in recent years is often more of a frontlash. This history of ideas shows us that the reported clash of opposites is more like a family feud.
How neoliberals turned to nature to defend inequality after the end of the Cold War
Neoliberals should have seen the end of the Cold War as a total victory—but they didn’t. Instead, they saw the chameleon of communism changing colors from red to green. The poison of civil rights, feminism, and environmentalism ran through the veins of the body politic and they needed an antidote.
To defy demands for equality, many neoliberals turned to nature. Race, intelligence, territory, and precious metal would be bulwarks against progressive politics. Reading and misreading the writings of their sages, Friedrich Hayek and Ludwig von Mises, they articulated a philosophy of three hards—hardwired human nature, hard borders, and hard money—and forged the alliances with racial psychologists, neoconfederates, ethnonationalists, and goldbugs that would become known as the alt-right.
Following Hayek’s bastards from Murray Rothbard to Charles Murray to Javier Milei, we find that key strains of the Far Right emerged within the neoliberal intellectual movement not against it. What has been reported as an ideological backlash against neoliberal globalization in recent years is often more of a frontlash. This history of ideas shows us that the reported clash of opposites is more like a family feud.
Winner of the National Book Critics Circle Award for Criticism
How neoliberals turned to nature to defend inequality after the end of the Cold War
Neoliberals should have seen the end of the Cold War as a total victory—but they didn’t. Instead, they saw the chameleon of communism changing color...
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About the author
Quinn Slobodian is Professor of International History at the Frederick S. Pardee School of Global Studies at Boston University. His most recent books are Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy, Market Civilizations: Neoliberals East and South, and Globalists: The End of Empire and the Birth of Neoliberalism.
Quinn Slobodian is Professor of International History at the Frederick S. Pardee School of Global Studies at Boston University. His most recent books are Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy, Market Civilizations: Neoliberals East and South, and Globalis...
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