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20575 | Socialist economics needs a very strong central power, virtually leading to slavery [Hayek, by Oksala] |
Full Idea: Hayek argues that socialist economic equality can only be effectively put into practice by a strong, dictatorial government. Planning has to be imposed by force, and centralised economic power creates a dependency scarcely distingishable from slavery. | |
From: report of F.A. Hayek (The Road to Serfdom [1944]) by Johanna Oksala - Political Philosophy: all that matters Ch.7 | |
A reaction: I don't see much sign of the post-war British Labour government being anything like this, even though they nationalised the railways and introduce a national health service. Hayek was mesmerised by Russia. |