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A review by barry_sweezey
The Road to Serfdom: Text and Documents by Friedrich A. Hayek
There’s nothing in this book that leads me to believe that Hayek would be opposed to Social Security, Medicaid, Medicare, Obamacare, SNAP, FEMA, OSHA, the EPA, or stimulus spending. He goes so far as to speak approvingly of a guaranteed income.
The whole book is an argument against socialism, defined as “the abolition of private enterprise, of private ownership of the means of production, and the creation of a system of “planned economy” in which the entrepreneur working for profit is replaced by a central planning body.” That’s conventional wisdom today.
I don't see why he is a hero of conservatives.
The whole book is an argument against socialism, defined as “the abolition of private enterprise, of private ownership of the means of production, and the creation of a system of “planned economy” in which the entrepreneur working for profit is replaced by a central planning body.” That’s conventional wisdom today.
I don't see why he is a hero of conservatives.