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39 of 43 people found the following review helpful:
5.0 out of 5 stars
Secure a minimum income for everybody, 20 Oct 2005
This book has been heavily criticized by the left, and with reason, for it saws the legs under their table.Hayek's book is a frontal attack on the socialist dream of a centrally planned economy, which should wipe out the cyclical swings in a free market system. For Hayek, a centrally planned economy is a synonym for slavery. Hayed argues rightly that the replacement of free enterprise and competition by collectivism equals he abolition of democracy. As L. Trotzky remarks (quoted in this book): 'In a country where the sole employer is the state, opposition means death by slow starvation. The old principle - who does not work shall not eat - has been replaced by a new one - who does not obey shall not eat.' A centrally planned economy creates a totalitarian system where the end justifies the means, which in other words means a denial of all morals. Moreover, the individual is not respected as a man but becomes a cog in an enormous bureaucracy, where tolerance is not tolerated. For real liberals (like B. Russell) power has been the archevil; to the strict collectivist it is a goal in itself. Hayek is by any means not a pure liberal, because he insists that every state should provide a system of social insurance wth a minimum income for all. Hayek's warnings have been gravely vindicated by the gruelng inhumanity of the totalitarian regimes, created after World War II. This is a great book about liberty and independence, truth and intellectual honesty, peace and democracy and respect for the individual qua man. A must read.
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