Jan 29

For your information.


F.A. Hayek On “The Great Utopia” (ZeroHedge, Jan. 28, 2012):

While it is hardly necessary to provide commentary to one of F.A. Hayek’s timeless observations from his book, The Road To Serfdom, rereading the chapter titled The Great Utopia, in this year of what could possibly be the most important election in the history of the United States, in which the US public will be promised nothing short of utopia by virtually every candidate except the one who really knows that fixing America would require pain and sacrifice, is everyone’s duty. Courtesy of the Center for Economic Liberty we recreate it below in its entirety, and urge all readers, regardless of political persuasion of economic beliefs to consider what F.A.Hayek was saying some 70 years earlier, and how very applicable it is to our current situation.

The Great Utopia

There can be no doubt that most of those in the democracies who demand a central direction of all economic activity still believe that socialism and individual freedom can be combined. Yet socialism was early recognized by many thinkers as the gravest threat to freedom.

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