Market Radicals and the Dream of a World Without Democracy

Crack-Up Capitalism

'Gonzo brilliance ... unique and highly entertaining' Financial Times 
 
'Revelatory reading' Adam Tooze, author of Crashed 
 
'After reading Quinn Slobodian's new book, you are not likely to think about capitalism the same way' Jacobin 
 
Look at a map of the world and you'll see a neat patchwork of nation-states. But this is not where power actually resides. From the 1990s onwards, globalization has shattered the map, leading to an explosion of new legal entities: tax havens, free ports, city-states, gated enclaves and special economic zones. These new spaces are freed from ordinary forms of regulation, taxation and mutual obligation - and with them, ultracapitalists believe that it is possible to escape the bonds of democratic government and oversight altogether. 
 
Historian Quinn Slobodian follows the most notorious radical libertarians - from Milton Friedman to Peter Thiel - around the globe as they search for the perfect home for their free market fantasy. The hunt leads from Hong Kong in the 1970s to South Africa in the late days of apartheid, from the neo-Confederate South to the medieval City of London, and finally into the world's oceans and war zones, charting the relentless quest for a blank slate where capitalism and democracy can be finally uncoupled. 
 
Crack-Up Capitalism is a propulsive history of the recent past, and an alarming view of our near future.

Timely and important, eye-opening ... Slobodian has done us a great service, identifying a phenomenon that needs unmasking.

Gonzo brilliance ... Unique and highly entertaining.

Excellent ... A new generation of swashbuckling billionaires entertain the prospect of secession, using their money to realize fantasies of escape, whether through seasteading or spaceships.

After reading historian Quinn Slobodian's new book, you are not likely to think about capitalism the same way ... great fun to read ... an important guide to the current struggle over how the ruling class rules. And Slobodian ultimately raises the question of whether there are cracks in the system, or whether the cracks are the system.

An important historical corrective to the myths, fantasies and occlusions that have allowed dystopias such as Dubai to be presented as models for "the west" to learn from. Many of the men whose manifestos and dreams Slobodian surveys simply don't know what they're talking about. One wonders if they ever wanted to learn in the first place.

Ranging from Liechtenstein to Somalia, and from Hong Kong to Silicon Valley, Quinn Slobodian's Crack-Up Capitalism exposes how zones of exception promise capitalism an escape from the confines of the modern state and the constraints of democracy. Revelatory reading. A worthy successor to Slobodian's brilliant Globalists.

Slobodian has written a fascinating account of the sheer hubris of the market radicals who have sought to free capitalism from democracy first by transforming the world's political geography and now by abandoning the material world. He tells this important story with verve and considerable insight.

Lively ... an engaging and fluently written account of the dreams of many philosophers, economists and, frankly, oddballs who have grown impatient with the shackles of the big state. ... Slobodian is keen to highlight the often anti-democratic impulses of libertarian thinkers. ... While the yearning is simple and admirable, the road map to reaching utopia is quite complicated.

Compelling ... a challenge not just to traditional narratives of political power, but also to liberal assumptions about freedom.

A fascinating and important book, which brings to the surface some of the deepest political undercurrents of our times. Crack-Up Capitalism is an exemplary use of history to illuminate the present, forcing us to reassess what we thought we knew about the contemporary world.

Revelatory. In this head-spinner of a book, Quinn Slobodian shows how zones, islands, micronations, gated communities, and cyber realms are remaking our planet. The capitalist future they portend isn't a borderless utopia but a jurisdictional shatter belt, where democracy is a distant dream.

Daniel Immerwahr, author of How to Hide an Empire

With each new book, Quinn Slobodian adds extraordinary new detail to his ongoing account of 21st-century political and economic arrangements. Crack-up Capitalism is concerned with the "zones" of global space: the micro-divisions and gradations from which the real atomic force of our system derives. It's very convincing: get ready to throw out all previous maps.

In Crack-Up Capitalism, Quinn Slobodian takes us on a wild ride through the fenced-in compounds and failed states of today's capitalist world. This sharp and wickedly entertaining book is a necessary field guide to the LARPers, bloggers, and grifters of the libertarian and anarcho-capitalist world, a warning that they are closer to fulfilling their fantasies than we might think, and a clarion call for collective action to preserve - and greatly expand - democracy as we know it.

Sarah Jaffe, author of Work Won’t Love You Back

Richly documented exposé ... An insightful piercing of the veil of nation-states to reveal capitalism's frightening, anti-democratic tendencies.

A gifted storyteller ... a critical wake-up call .... revealing the roots of a rot many have hitherto been unable to name and confront. By opening that portal, Slobodian trusts us to take the next steps, confident that in knowing the beast, we might better be able to slay it.

Slobodian's vivid description of zones shows us why our political system can no longer be said to be democratic ... Slobodian wakes us up to democracy's underthrow: decentralization is a strategy for its unraveling, not its salvation.

Democracy is already facing numerous threats from factions on the right who question the legitimacy of election results that don't go their way. Crack-Up Capitalism is a reminder that this political challenge is only one of a number of fronts in the sustained attack on American democracy.

A sound intellectual investment, an insightful read ... Would definitely recommend.

Quinn Slobodian is a professor of the history of ideas at Wellesley College, and the author of the award-winning Globalists: The End of Empire and the Birth of Neoliberalism, which has been translated into six languages. A frequent contributor to the Guardian, New Statesman, The New York Times, Foreign Policy, Dissent and the Nation, he lives in Cambridge, Massachusetts.

Look at a map of the world and you'll see a neat patchwork of nation-states. But this is not where power actually resides. From the 1990s onwards, globalization has shattered the map, leading to an explosion of new legal entities: tax havens, free ports, gated enclaves and special economic zones. These spaces are freed from ordinary forms of regulation, taxation and mutual obligation - and with them, ultracapitalists believe that it is possible to escape the bonds of democratic government altogether. 
 
Historian Quinn Slobodian follows the most notorious radical libertarians - from Milton Friedman to Peter Thiel - around the globe as they search for the perfect home for their free market fantasy. The hunt leads from Hong Kong in the 1970s to South Africa in the late days of apartheid, from the neo-Confederate South to the medieval City of London, charting the relentless quest for a blank slate where capitalism and democracy can be finally uncoupled. 
 
Crack-Up Capitalism is a propulsive history of the recent past, and an alarming view of our near future.

Quinn Slobodian

Bracingly original... Hayek’s Bastards demonstrates how a history of ideas can be riveting. Slobodian grounds intellectual abstractions in the lives of the people who espoused them... His book offers an illuminating history to our current bewildering moment, as right-wing populists join forces with billionaire oligarchs to take a chain saw to the foundations of public life, until there’s nothing left to stand on

Far more useful and original than the standard populist interpretation is Slobodian’s effort to reframe Trumpism as a perverse outgrowth of orthodox libertarianism... Slobodian’s wry commentary offers welcome respite from both the difficulty and the moral odiousness of his subject

A highly topical and brilliantly argued demolition of a misplaced orthodoxy about the surging populist right

Slobodian charts clearly how today’s far right is simply a further degeneration from neoliberalism’s celebration of economic inequality and the primacy of economics as the measure of man. We are all living in a world being plundered by Hayek’s bastards now

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

In this work of historical erudition and sharp political analysis, Quinn Slobodian explains how the myth of neoliberal freedom can be sustained only through a deeply illiberal world view. Through a painstaking reconstruction of how Hayek's offspring appeal to science served to naturalize hierarchy, and resist the calls for social equality, we come to see how rightwing authoritarianism emerged not as an alternative to neoliberalism but as its brainchild. An essential read to understand the times in which we live

Quinn Slobodian is the sharpest and most resourceful historian yet of the far-right movements rapidly taking over the Western world. Anyone hoping for illumination in these rapidly darkening times cannot afford to miss Hayek’s Bastards

The brilliant Quinn Slobodian has done it again. Anyone who believes neoliberal ideology is dead must read this book. Thanks to the Charles Murrays, Murray Rothbards, Peter Brimelows, and Richard Spencers of the world, it is alive and well in the alt-Right and the self-proclaimed cognitive elite bent on restoring the natural order of things in order to make the West Great Again

With real empirical depth and analytical subtlety, Hayek’s Bastards traces the origins of today’s far-right to a split within neoliberalism, and a ‘new fusionism’ of liberal economy and hard-hereditarian ‘race science’ — and all is made clear. One of the sharpest guides to the new reaction, it also casts light on the seemingly contradictory formation of libertarian-authoritarianism, of free trade and closed borders, and of an extreme monetary populism that is also extremely deferential to the wealthy

The Neoliberal Roots of the Populist Right

After the end of the Cold War, neoliberalism, with its belief in the virtues of markets and competition, seemed to have triumphed. Communism had been defeated – and Friedrich Hayek, the spiritual father of neoliberal economics, had just about lived to see it. But in the decades that followed, Hayek’s disciples knew that they had a problem. The rise of social movements, from civil rights and feminism to environmentalism, were now proving roadblocks in the road to freedom, nurturing a culture of government dependency, public spending, political correctness and special pleading. Neoliberals needed an antidote.In this illuminating new book, historian Quinn Slobodian reveals how, from the 1990s onwards, neoliberal thinkers turned to nature, in an attempt to roll back social changes and to return to a hierarchy of gender, race and cultural difference. He explores how these thinkers drew on the language of science, from cognitive psychology to genetics, in order to embed the idea of ‘competition’ ever deeper into social life, and to advocate cultural homogeneity as essential for markets to truly work. Reading and misreading the writings of their sages, Friedrich Hayek and Ludwig von Mises, they forged the alliances with racial psychologists, neoconfederates, ethnonationalists that would become known as the alt-right. Hayek’s Bastards shows that many contemporary iterations of the Far Right, from Javier Milei to Donald Trump, emerged not in opposition to neoliberalism, but within it. As repellent as their politics may be, these supposed disruptors are not defectors from the neoliberal order, but its latest cheerleaders.

Quinn Slobodian

Praise for Hayek's Bastards

Bracingly original... Hayek’s Bastards demonstrates how a history of ideas can be riveting. Slobodian grounds intellectual abstractions in the lives of the people who espoused them... His book offers an illum ...

Far more useful and original than the standard populist interpretation is Slobodian’s effort to reframe Trumpism as a perverse outgrowth of orthodox libertarianism... Slobodian’s wry commentary offers welcome respit ...

A highly topical and brilliantly argued demolition of a misplaced orthodoxy about the surging populist right

Bracingly original... Hayek’s Bastards demonstrates how a history of ideas can be riveting. Slobodian grounds intellectual abstractions in the lives of the people who espoused them... His book offers an illum ...

Far more useful and original than the standard populist interpretation is Slobodian’s effort to reframe Trumpism as a perverse outgrowth of orthodox libertarianism... Slobodian’s wry commentary offers welcome respit ...

A highly topical and brilliantly argued demolition of a misplaced orthodoxy about the surging populist right

Bracingly original... Hayek’s Bastards demonstrates how a history of ideas can be riveting. Slobodian grounds intellectual abstractions in the lives of the people who espoused them... His book offers an illum ...

Far more useful and original than the standard populist interpretation is Slobodian’s effort to reframe Trumpism as a perverse outgrowth of orthodox libertarianism... Slobodian’s wry commentary offers welcome respit ...

A highly topical and brilliantly argued demolition of a misplaced orthodoxy about the surging populist right

Books by Quinn Slobodian

Follow penguin

Follow ladybird

Follow puffin

Sign up to the Penguin newsletter