‘The Road to Serfdom’ at 70: Hayek’s Relevance in the Age of Obama

‘The Road to Serfdom’ at 70: Hayek’s Relevance in the Age of Obama:

The fundamental insights and truths of his [Hayek's] analysis about the dangers from an ever encroaching paternalistic and interventionist government are no less valid now than when he wrote The Road to Serfdom in the midst of the Second World War.

Consider these things:

Mounting corruption from special interest groups feeding at the trough of government spending;

The misuse and abuse of intrusive power into people’s lives in the name of ‘national security’;

The imposition of a paternalistic scale of values concerning presumed ‘fair wages’ and ‘progressive’ redistribution of income and wealth;

A national health care plan that is so problematic that its short-term welfarism could turn into –single-payer’ (government) socialism;

An ‘all of the above’ energy policy that is rigged against consumer-driven dense energy and rigged for government-enabled dilute energy;

The misguided and dangerous presumption that those in political power know better how people should live than those people themselves; or

The arrogant discarding of the Rule of Law and constitutional procedures and restraints.

All of these fearful trends in modern-day America show why reading and learning the lessons offered in Hayek’s Road to Serfdom is as important now as it was in 1944, when the book first appeared in print.

Read the entire article:

http://www.masterresource.org/2014/03/29891/