The Problems with Socialized Industries and Heyek's View on Society

Major problems are social, such as underclass development and declining feelings of security and optimism, and are produced by government/nEducation is a centralized, socialized system that produces low-quality output and benefits a small number of people/nSociety is not like a family and living in the modern world requires playing both the roles of a family member and an economic agent/nThe work of Frederick von Heyck has influenced economics in the 20th century/nThe ultimate sanction of a planned economy is the hangman.