2min chapter

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Episode #139 ... Friedrich Von Hayek - The Road to Serfdom

Philosophize This!

CHAPTER

The Road to Serfdom

The use of central planning within economic systems puts the citizens of that country on what high calls the road to serfdom. As long as you never want to stray from the pack too far, you're oing to be golden in a socialist country. The choices people make about the preferences of their lives so often need to be approved by the government. Central planning requires that we give an extraordinary amount of power to a small handful of people making decisions for planning society. Sometimes this responsibility even ends at falling into the hands of a single person,. or even just a single person that dominates that group that aking the decisions.

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