Economic cults are just as bad as any religious cult
Last Sunday I was watching The Big Questions on BBC, a programme that is best described as a Sunday morning shout-fest. The studio audience usually contains a far number of religious zealots and assorted weirdos together with sceptics who seek to challenge their beliefs. Last week’s discussion was about religious cults and whether they are any different to mass religions. In truth, the mass religions are the same as cults, they just have better PR and more members. This got me thinking: what about those obscure economic cults like Objectivism? What about all those tiresome free-marketeers who slavishly follow the curious fiscal asceticism of Hayek or Friedman? Are they any different to Scientologists or Moonies? Well, no.
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