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A review by shoaibmnagi
The Road to Serfdom by Friedrich A. Hayek
2.0
As a person with leftist leanings, I found this book quite repulsive at certain points. To be more precise, the convenient way in which Hayek equates Socialism with Nazism is not only insulting, but intellectually dishonest (in my opinion).
But on the other hand, Hayek does make some valid points. His critique of central planning cannot be ignored. But Hayek assertion that central planning and/or government intervention is always counter-productive is a gross exaggeration. The rise and prosperity of the Nordic states (Sweden, Norway etc.) is a great example that clearly delineates the short-comings of Hayek's philosophy.
The only reason why I decided to give this book 2-stars instead of 1 is because Hayek did present his argument effectively (however wrong may it be) and made some valid points that we can disagree with, but we certainly can't ignore.
But on the other hand, Hayek does make some valid points. His critique of central planning cannot be ignored. But Hayek assertion that central planning and/or government intervention is always counter-productive is a gross exaggeration. The rise and prosperity of the Nordic states (Sweden, Norway etc.) is a great example that clearly delineates the short-comings of Hayek's philosophy.
The only reason why I decided to give this book 2-stars instead of 1 is because Hayek did present his argument effectively (however wrong may it be) and made some valid points that we can disagree with, but we certainly can't ignore.