There are many strands of free-market thinking. Adam Smith believed it was a branch of moral philosophy. For Ayn Rand, it was a branch of pop philosophy. Milton Friedman himself would be the first to admit that free-market capitalism is idealistic. There is certainly a utopian aspect to the notion that simply liberating capital from all constraints would bring about a free, prosperous society. But anyone who reads Britannia Unchained – the 2012 manifesto that UK Prime Minister Liz Truss and her Chancellor of the Exchequer, Kwasi Kwarteng, wrote with other Conservative MPs – will instead find a remarkably dystopian vision of free-market economics. Aside from the warning that an increase in g
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