July 21, 2023 - 12:15am

Coercion and tyranny are what governments do to us, whereas the private sector is where choice, consent, and spontaneity reign. This is one of the bedrock certainties of the modern Anglo-American Right, and each day brings fresh evidence that it’s a myth. Nigel Farage is only the latest ardent free-marketeer to learn the lesson the hard way.

Last month, the former Ukip and Brexit Party leader had his account unceremoniously terminated by his financial institution, the London-based Coutts. Initially, Coutts claimed that the move was based purely on “commercial” considerations, having to do with Farage’s failure to meet a requisite “financial threshold”. Yet as the firm’s internal deliberations have revealed, the decision to de-bank Farage had almost entirely to do with his political views and associations.

Sohrab Ahmari is a founder and editor of Compact and author of the forthcoming Tyranny, Inc: How Private Power Crushed American Liberty — and What To Do About It