|
Movies Books Music Food Tv Shows Technology Politics Video Games Parenting Fashion Green Living more >

Lunch » Tags » Books » Reviews » The road to serfdom (The case for private enterprise)

The road to serfdom (The case for private enterprise)

1 rating: 5.0
The definitive economic answer to why socialism doesn't work
1 review about The road to serfdom (The case for private...

When democracy becomes dominated by a collectivist creed, democracy will inevitably destroy itself

  • Oct 28, 2010
Rating:
+5
F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and the principal proponent of libertarianism in the twentieth century. In this book written in 1944, Hayek expertly refutes socialist schemes and shows the utter peril that socialism poses to individual freedom. We were warned in the 19th century by one of my favorite historians, Lord Acton, "that socialism is slavery". Hayek expertly points out throughout the book how democracy is no safeguard to economic freedom. He does this by pointing out the command economy structure that was instituted in Great Britain to show how individual freedom was stolen from the individual by the "economic interventionists" in the government. One of Hayek's most prescient quotes is; "When democracy becomes dominated by a collectivist creed, democracy will inevitably destroy itself." Hayek points to how most politicians feel they need to use government to plan the economy of a nation. "Planning is a synonym for socialism and a small step away from communism.

He ably refutes Keynesian theory throughout the book. This is an easy to read and understand book that should be read by all who wonder what role the government should have on our economic choices.

55 years after the publication of this book the European's are finally coming to Hayek's view and moving away from the pernicious socialist economic system.  Meanwhile, the Democrats are embracing it???  Go figure!

I recommend this book to anyone who is interested in political philosophy, economic theory, and history.
When democracy becomes dominated by a collectivist creed, democracy will inevitably destroy itself

What did you think of this review?

Helpful
3
Thought-Provoking
3
Fun to Read
3
Well-Organized
3
Post a Comment
What's your opinion on The road to serfdom (The case for privat...?
rate
1 rating: +5.0
You have exceeded the maximum length.
Photos
The road to serfdom (The case for private enterprise)
Details
Related Topics
The Communist Manifesto (Penguin Classics)

The Penguin Classics edition of Karl Marx' and Friedrich Eng

A Bold Fresh Piece of Humanity

A book by Bill O'Reilly

I Am America (And So Can You!)

A political satire by Stephen Colbert

Washington: The Making of the American Capital

A book released May 6, 2008 by Fergus Bordewich

© 2014 Lunch.com, LLC All Rights Reserved
Lunch.com - Relevant reviews by real people.
()
This is you!
Ranked #
Last login
Member since
reviews
comments
ratings
questions
compliments
lists