Mises Wire

Is Hayek’s Road to Serfdom Still Relevant Today?

Is Hayek’s Road to Serfdom Still Relevant Today?

You be the judge. Here are some quotations from Hayek’s most famous book:

“We have progressively abandoned that freedom in economic affairs without which personal and political freedom has never existed in the past” (p. 67).

“[I]ndividualism [means] respect for the individual man qua man, that is, the recognition of his own views and tastes as supreme in his own sphere . . .” (p. 68).

“The fundamental principle [of liberalism is] that in the ordering of our affairs we should make as much use as possible of the spontaneous forces of society, and resort as little as possible to coercion . . .” (p. 71).

“The demand for the new freedom was thus only another name for the old demand for an equal distribution of income” (p 78).

“Socialism is . . . the road NOT to freedom, but to dictatorship and counter-dictatorships, to civil war of the fiercest kind” (p. 79).

“The conviction [of socialists] grows that if efficient planning is to be done, the direction must be ‘taken out of politics’ and placed in the hands of experts — permanent officials or independent autonomous bodies” (p 104). Like the “independent Fed,” for instance.

“Planning leads to dictatorship because dictatorship is the most effective instrument of coercion . . .” (p. 110). Executive orders, anyone?

“There is no justification for the belief that, so long as power is conferred by democratic procedure, it cannot be arbitrary . . .” (p. 111).

“The [government] planner will be forced to extend his controls until they become all-comprehensive” (p. 137). As with “Obamacare’s tens of thousands of pages of regulations so far.

“With every grant of complete security [by the state] to one group the insecurity of the rest necessarily increases” (p. 153).

If you’d like to study The Road to Serfdom more intensely, consider taking my online five-week course, “The Road to Serfdom: Despotism Then and Now,” which begins this Wednesday, July 3.

 

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