The Road to Serfdom, Creeping Socialism - Video
Featuring James M. Buchanan, Nobel Laureate in Economics and Distinguished Professor Emeritus of Economics, George Mason University; Edward H. Crane, President, Cato Institute; Leonard P. Liggio, Executive Vice President, Atlas Economic Research Foundation, and President, Mont Pelerin Society; and Daniel Yergin, Co-author of Commanding Heights: The Battle for the World Economy and Chairman, Cambridge Energy Research Associates.
F. A. Hayek, one of the greatest liberals of the 20th century, wrote his classic book The Road to Serfdom to warn against the dangers of postwar socialism. He believed with David Hume that “it is seldom that liberty of any kind is lost all at once.” To stem the growth of big government and the erosion of economic and personal freedom that accompanies that growth, Hayek argued passionately for a liberal international order grounded in limited government, free trade, and the rule of law. His message is as relevant today as it was in 1944. Many emerging market countries still have a long way to go before they reach the level of economic and personal freedom envisioned by Hayek, and many developed countries have expanded the welfare state without recognizing the danger it poses to the future of freedom.
This classic by one of the 20th century's leading libertarian thinkers has established itself beside the works of Orwell and others as a timeless meditation on the relationship between human freedom and government authority.
Originally published in 1944, The Road to Serfdom has profoundly influenced many of the world's great leaders: from Orwell and Churchill in the mid-forties, to Reagan and Thatcher in the 80's. The book offers persuasive warnings against the dangers of central planning, along with what Orwell described as ''an eloquent defense of laissez faire capitalism.'' Hayek shows that the idea that ''under a dictatorial government you can be free inside,'' is nothing less than a grievous fallacy. Such dictatorial governments prevent individual freedoms and they often use psychological measures to perform ''an alteration of the character of the people.'' Gradually, the people yield their individuality to the point where they become part of the collectivist mass.