The Road to Serfdom
- Macat Library
Reasoning is the art of constructing good, persuasive arguments by organizing one`s thoughts, supporting one`s conclusions, and considering counter-arguments along the way. The Road to Serfdom illustrates all these skills in action; Hayek`s argument was that, while many assumed socialism to be the answer to totalitarian, fascist regimes, the opposite was true. Socialist government`s reliance on a large state, centralised control, and bureaucratic planning - he insisted - actually amounts to a different kind of totalitarianism.
Freedom of choice, Hayek continued, is a central requirement of individual freedom, and hence a centrally planned economy inevitably constrains freedom. Though many commentators have sought to counter Hayek`s arguments, his reasoning skills won over many of the politicians who have shaped the present day, most notably Margaret Thatcher and Ronald Reagan.