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Leading Austrian Economist: Some Conspiracy Theories Are True

It is vital to the continued rule of the State apparatus that it have legitimacy and even sanctity in the eyes of the public, and it is vital to that sanctity that our politicians and bureaucrats be deemed to be disembodied spirits devoted to the "public good." Once let the cat out of the bag that these spirits are all too often grounded in the solid earth of advancing a set of economic interests through use of the State, and the basic mystique of government begins to collapse. Let us take an easy example. Suppose we find that Congress has passed a law raising the steel tariff or imposing import quotas on steel? Surely only a moron will fail to realize that the tariff or quota was passed at the behest of lobbyists from the domestic steel industry, anxious to keep out efficient foreign competitors. No one would level a charge of "conspiracy theorist" against such a conclusion. But what the conspiracy theorist is doing is simply to extend his analysis to more complex measures of government: say, to public works projects, the establishment of the ICC, the creation of the Federal Reserve System, or the entry of the United States into a war. In each of these cases, the conspiracy theorist asks himself the question cui bono? Who benefits from this measure? If he finds that Measure A benefits X and Y, his next step is to investigate the hypothesis: did X and Y in fact lobby or exert pressure for the passage of Measure A? In short, did X and Y realize that they would benefit and act accordingly? Far from being a paranoid or a determinist, the conspiracy analyst is a praxeologist; that is, he believes that people act purposively, that they make conscious choices to employ means in order to arrive at goals. Hence, if a steel tariff is passed, he assumes that the steel industry lobbied for it; if a public works project is created, he hypothesizes that it was promoted by an alliance of construction firms and unions who enjoyed public works contracts, and bureaucrats who expanded their jobs and incomes. It is the opponents of "conspiracy" analysis who profess to believe that all events — at least in government —are random and unplanned, and that therefore people do not engage in purposive choice and planning.

2 Comments in Response to

Comment by Anonymous
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Ototay is a very academic and religious handsome guy who lives in Hollywood. He would have been an actor if not for his conspiracy theories. He has a variety of conspiracy theories: Obama was elected the first black president of the United States because the whites are prejudiced against blacks and God hates bigotry. Thus to make Obama president of both whites and black is punishment!

His "cause and benefit" conspiracy theory struck me down with an undeniable awe. Cause it to happen, he said, and benefit from it. Those who benefit from the occurrence of an event are conspirators that caused that event to happen.

Application: Bush and Cheney reportedly benefited from 911. They didn’t tell the public that upon their instructions, some zombies planted a demolition explosive to blow up the Trade Center – they also hired an electronic buff, paid him with a basketful of oil money to make a jetliner dived into the Pentagon building by remote control! He said that what the naked eye saw, was only a theory published by conspirators!

More than 6,000 were dead in this Al Qaeda terrorist attack. Gravediggers benefited from it. That means, Ototay said, Bush and Cheney, Al Qaeda and the country’s gravediggers conspired to make the 911 event happen.

In economics, who do you think conspired for the occurrence of recession that’s now becoming a depression? Only those who benefit from it, Ototay declared. In the 1920’s depression, millions have died, and businesses died with them. The funeral service industry was in demand – the only booming industry that benefited from this calamity while the rest went under! Now you know who the conspirators that cause depression are.

By the way, the last time I saw Ototay was in the hospital. He was in a straitjacket. He was still raving with conspiracy theories. This time he said that the taxi driver brought him to the hospital against his will. The taxi driver was conspiring with his enemies. He would have proven his theory that Ron Paul and his libertarian followers created the Federal Reserve long time ago and that Ben Bernanke was put by God there so that today they can have a political punching bag to promote Paul’s presidential ambition and advance the libertarian cause.

I pray for Ototay’s early release. Thousands of Americans are starting to believe him!


Comment by Rocky Frisco
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Interesting that the article is accompanied by a picture of MM. I have a big thick book in my library that includes a pretty good case that MM was hit on a contract with the Kennedy brothers because she was pregnant with Bobby's baby and was planning to out them in a press conference. This book was published by the BBC. Although it was suppressed in the USA, I bought it in England. Frankly, they have convinced me it's true.

If you have two humans in a room, there's some sort of conspiracy going on. It's human nature. We are a devious and corrupt species.

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