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Full Idea
Once the free working of the market is impeded beyond a certain degree, the planner will be forced to extend his controls until they become all comprehensive.
Gist of Idea
Impeding the market is likely to lead to extensive state control
Source
F.A. Hayek (The Road to Serfdom [1944]), quoted by Ian Dunt - How to be a Liberal 7
Book Ref
Dunt,Ian: 'How to Be a Liberal' [Canbury Press 2020], p.218
A Reaction
Hayek was terrified of totalitarianism (quite reasonably), but fascism and communism don't seem to have arisen in the way he describes. I'm not clear why sensible intervention in the market should slide down into nightmare.
| 7670 | Kant is the father of the notion of exploitation as an evil [Kant, by Berlin] |
| 5284 | Communism abolishes private property and dissolves the powerful world market [Marx/Engels] |
| 22599 | Hayek was a liberal, but mainly concerned with market freedom [Hayek, by Dunt] |
| 22600 | Impeding the market is likely to lead to extensive state control [Hayek] |
| 18641 | If people hold things legitimately, just distribution is simply the result of free exchanges [Nozick, by Kymlicka] |
| 18640 | Libertarians like the free market, but they also think that the free market is just [Kymlicka] |
| 9129 | I can buy any litre of water, but not every litre of water [Sorensen] |
| 20524 | Market prices indicate shortages and gluts, and where the profits are to be made [Wolff,J] |
| 20685 | No market is free of political bias, and markets need protection of their freedoms [Harari] |
| 23134 | A 'free' society implies a free market, which always produces predatory capitalism and inequalities [Gopnik] |