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

October 12, 2023

by Tho Bishop Mises.org

This past weekend, the world witnessed absolute barbarism play out as Hamas agents brutally targeted Israeli civilians. 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.