Stuart Cosgrove: Stax Records, right-wing economists and the real power behind LizTruss

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Stuart Cosgrove: Stax Records, right-wing economists and the real power behind LizTruss
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'We now have the most hopeless Conservative leadership of modern times, and they are being worked from behind by some of the most repellent characters' // Detroit67Book

With his tongue firmly embedded in his cheek, Nabokov once wrote: “A certain man once lost a diamond cufflink in the wide blue sea, and 20 years later, on the exact day, a Friday apparently, he was eating a large fish – but there was no diamond inside. That’s what I like about coincidence.”

The story begins back in 1945 in a Scottish community in Tennessee, hidden away in the train tracks and farms between Memphis and Nashville, not far from where Loretta Lynn’s ranch at Hurricane Mills now stands. The bewildering coincidences of Scottish migration and the Caledonian diaspora is a subject we know far too little about. Here’s just a tiny glimpse.

Buchanan fell in love with politics and economics reading his grandfather’s library, including a well-worn copy of Adam Smith’s The Wealth Of Nations, which had come with his ancestors from Scotland. Buchanan rejected “any organic conception of the state as superior in wisdom to the citizens of this state”. It is exactly the kind of theorising much loved by the right who are allergic to public spending, welfare support and any belief that the state can be caring and beneficent.

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