W.H. Hutt and the economics of apartheid
bkmarcus
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Today’s daily article at Mises.org is Lew Rockwell’s “Three National Treasures” — about Henry Hazlitt, Murray Rothbard, and … W.H. Hutt.
Anyone who knows anything about Austrian economics has heard of Hazlitt and Rothbard, but who’s this Hutt guy? I admired his article ” The Factory System of the Early Nineteenth Century,” which I had read in Hayek’s Capitalism and the Historians, but I hadn’t remembered his name. He was a classical liberal in apartheid South Africa — a position that can’t have been too popular with either blacks or whites at the time. As Rockwell writes,
“Hutt showed that South Africa’s economic apartheid was designed largely to protect white labor union members from black competition. The free market, he said, offers the only hope to minorities and the disadvantaged, and for a free society in South Africa. Government controls benefit only loot-seeking special interests.”
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