Hayek and welfare state

Republicans assert, endlessly, that the Austrian economist F.A. Hayek proved that the welfare state leads inevitably to socialism and tyranny in his 1944 book, The Road to Serfdom. While Hayek’s theory may have been plausible in the midst of World War II, all the evidence since then thoroughly contradicts it. There is no evidence whatsoever that welfare states morph into total state control of the economy and produce a concomitant loss of freedom and prosperity. There is not a single case of this happening anywhere. Nor is there anything in Hayek’s theory to explain why socialism collapsed in the Soviet Union or why privatization rolled it back in places like Britain.

https://newrepublic.com/article/158921/socialism-american-pence-biden-sanders-2020-election

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s