Quinn Slobodian, Hayek’s Bastards: Race, Gold, IQ, and the Capitalism of the Far Right – Zone, April 2025
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.
“A creative and engaging intellectual detective story that cuts through the far right’s smoke-and-mirrors claims of rupture and novelty, tracing the movement’s deep neoliberal roots and exposing a shared set of supremacist beliefs about which lives have value and which lives do not. Ideas have consequences and very few scholars take the history of ideas as seriously as Slobodian, even when the ideas themselves are absurd, patently false, and deeply dangerous.” – Naomi Klein, author of Doppelganger and The Shock Doctrine









