In 'The Road to Serfdom' Friedrich Hayek argues that centralized economic planning, even when motivated by noble goals, inevitably leads to the loss of individual liberty and the rise of tyranny. He draws a direct link between socialism and authoritarian regimes, claiming that economic centralization necessitates political centralization, which ultimately crushes democracy and freedom. This video explores Hayek's central thesis and supporting arguments, tracing the structure of his influential book.
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