Mandeville, LA – [From the Introduction to Democracy, The God That Failed.] “The world-historic transformation from the ancien regime of royal or princely rulers to the new democratic-republican age of popularly elected or chosen rulers may be also characterized as that from Austria and the Austrian way to that of America and the American way. This is true for several reasons. First off, Austria initiated the war, and America brought it to a close. Austria lost, and America won. Austria was ruled by a monarch — Emperor Franz Joseph – and America by a democratically elected President — Professor Woodrow Wilson. More importantly, however, World War I was not a traditional war fought over limited territorial objectives, but an ideological one; and Austria and America respectively were (and were perceived as such by the contending parties) the two countries that most clearly embodied the ideas in conflict with each other.
At the outset, I noted Habsburg-Austria and the United States of America as the countries associated most closely with the old monarchical regime and the new and current democratic-republican era, respectively. Here we encounter Habsburg-Austria again and discover another reason why the following studies also may be called An Austrian View of the American Age. The Austrian School of economics ranks among the most outstanding of the many intellectual and artistic traditions originating in pre-World War I Austria. As one of the many results of the destruction of the Habsburg Empire, however, the school’s third generation, led by Ludwig von Mises, was uprooted in Austria and on the European continent and, with Mises’ emigration to New York City in 1940, exported to the United States of America. And it would be in America where Austrian social theory has taken root most firmly, owing in particular to the work of Mises’ outstanding American student, Murray N. Rothbard. – Hans Herman Hoppe, Democracy The God That Failed