The Road to Serfdom

The Road to Serfdom is a book written by Friedrich Hayek (recipient of the Nobel Prize in Economics in 1974) and originally published by Routledge Press in March 1944 in the UK and then by the University of Chicago in September 1944.

Around 1950 a picture-book version was published in Look Magazine, later made into a pamphlet.

This video is based on it.

LIVE RESPONSIBLY. DONOT DEPEND ON ANY GOVERNMENT.

Category:

News & Politics

Tags:

• serfdom
• freedom
• slavery
• responsible
• anarchy

[Galt425]

82abhilash said: "Has anyone considered 'direct democracy' and its implications?"

There's an old joke about democracy borne out by a lot of the writings of the founding fathers of the US. It illustrates why we are a republic and -not- a democracy: "Democracy is two lambs and a lion voting on what's for dinner". I will go look for the source on that, if anyone here knows please post it. But it seems like wisdom to me,.

[82abhilash]

I think the US is degenerating into a democracy.

[Monty1994]

thanks for the video. this is great. Someone mentioned Chile. After Pinochet took power inflation was rampant, but lucky for him there were Chilean Economists taught by Freidman in chicago, they reccommended a free market, which Pinochet implemented, revived Chilean economically, and helped create conditions for democracy. Chile as far as LAtin American countries go is thriving. There cannot be Freedom without free markets, and free markets led to freedom in Chile.

[82abhilash]

I know about the case of Chile. The economists who revived the Chilean economy are referred to as Friedmanites or Monetarists. They are in no way socialist of course. But I hesitate to call them free marketeers because freedom implies freedom from government intervention as well and they depend too much on government intervention. Similar policies where followed by Mussolini in fascist Italy and it did revive their economy. Notice a pattern?

[scrutograph]

But there is dictatorship and free market in one country as well, e.g. Chile and Pinochet.

[82abhilash]

You know I wonder nowadays. The publicly held corporation is created by legislation. In other words we need a regulation for it to exist as an entity in the market. Is that it self not a form of legislation that decreases market efficiency? How can a market bound by regulations be called free? If that is the case then Chile and Pinochet destroyed the free market did they not?

[ilhaguru]

Wow, I was looking at some posts below, and its so nice to see Europeans talking about this, Hayek/Misses, etc. I am so tired to always debating socialism.

:)

[soapbxprod]

@SSGurgs Jefferson's words/ideas are identical to Ms. Rand's! Huzzah!

[soapbxprod]

@meprimea Yes!

[soapbxprod]

@Galt425 Actually, it's two lions and one lamb! You can find it on Wikipedia!

[YourNameHere1212]

@82abhilash Our republic was destroyed with the 17th Amendment.

[disneyking81]

It's scary how so many people say that democracy isn't good because the division causes no clear direction to be taken.

[chiefmanytkdown2]

If obama doesnt like evil monopolies why does he keep bailing out big buisnesses like aig, chase bank, and gmc?

[SecretTrollAccount1]

The only Government that works is the one where you can make war against it and have a standing chance of victory over it. When you have that economy in mind everything after is simple

[SecretTrollAccount1]

@jopie90 The one with the dragon and the gay donkey?

[jopie90]

@SecretTrollAccount1 You didn't read the book, did you?

[SecretTrollAccount1]

@jopie90 Wrong. Germany wanted Socialism, Germany. Not the CCCP.

Hitler was a Liberal. Torn between seeing his country thrown into chains and ridden by Moscow's seated criminal Bolsheviki or having to give the Pinko's what they wanted, he opted for compromise, NATIONAL SOCIALISM. Which worked well till the Genocidalists started to appear envious to the Germans ability to reform, killing and stealing from Ethnic Germans till all that was needed, was the green light to retaliate... WW2.