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IPFS News Link • General Opinion

Hamas, Israel, and the Collapse of the Fiat Global Order

• By Tho Bishop

The State of Israel, suffering from a historic failure to protect its residents, has predictably responded with major military operations in the Gaza strip. The result is a growing regional conflict fueled by historic feuds beyond the scale of traditional geopolitical considerations.

Add to this the ongoing war in Ukraine, a less-talked-about conflict between Armenia and Azerbaijan, and the threat of renewed fighting between Kosovo and Serbia, and the world is witnessing the breakdown of a global order established by modern assumptions that are being exposed.

In the later part of his career, Murray Rothbard identified the Whig theory of history as one of the most dangerous intellectual traps in existence. The general belief that society is in a constant march toward progress, that newer ideas reflect a natural upgrade over past wisdom, has been accepted by broad segments of the modern intellectual class. As Hans-Hermann Hoppe has critiqued, this theory underlies a number of modern assumptions about the world.