The white supremacist origins of "public choice theory," the bedrock of contemporary libertarian thought

Hang around libertarians long enough and eventually one of them will start talking about "public choice theory" (I last heard it raised by a prominent libertarian scholar to justify corporations imposing adhesion contracts on their customers to force them to buy expensive consumables and service). It's a kind of catch-all theory that can handwave away any negative outcome from unregulated capitalism, the "freedom" of which is key to a kind of libertarian thought, above freedoms like "the freedom not to starve to death". (more…)