Europa & Karl Polanyi – #174

In this book, Hayek warns of the dangers of government control of economic decision-making through central planning, arguing that this inevitably leads to tyranny, the creation of an oppressive society, and the serfdom of the individual. He challenges the view that fascism and Nazism are capitalist reactions against socialism, instead arguing that they have common roots in central economic planning and the empowerment of the state over the individual. The book was written as a response to the report by William Beveridge and made a significant impact on 20th-century political discourse, particularly in American conservative and libertarian debates[2][5].