Skronk wrote:wiki wrote:Hayek’s central thesis is [a lot of monetarian puffery] ..."The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In collectivist ethics it becomes necessarily the supreme rule."
Yeah, Hayek's thesis is soooooo laughable.
Wikipedia's article glosses over the meat of it. There is a lot of gloss. No offense Skronk, but considering your political thesis are usually of the "Government never works, take a look at Stalin" variety it seems to be appeal to the same mindset. Read the book first and see if you still think it means what you think it means.
"The Road To Serfdom" is an extended justification of opportunist economics that had already been decided upon. It came at a time when leftwing economics dominated respectable economic thought, so it had its place at the time of publication. But history has spat in Hayek's face. Hanging on to those ideas in the 2000s is laughable.
In the 1970s, saying "let's abandon Keynesian thought and strike new ground" was acceptable as radicalism goes because there were failures that needed to be accounted for. In 2007, saying the same and citing Hayek as a source is reactionary and contrarian. Now is the time to rebuild and reform, and look at the times in the 20th century when progress was made and see if we can return to them in spirit.
"Collectivism" is an American-right strawman. We can ignore the word whenever we see it.
Again: how do you expect individualist and property rights orientated economics not to lead to the tyranny of one over many? When you're so enraged about it, why do you vocally support policy that seems to protect one mans right to take away the freedoms of another? Because it is in the name of business and not the state?