Visualizations : "The Road to Serfdom": Hayek's classic warning (before Nazism and WW II) about the dangers of socialism (2-word) : Hayek's classic warning (before Nazism and...

Hayek’s classic warning (before Nazism and WW II) about the dangers of socialism, collectivism, and planning. The dangers are just as real and the warnings are just as relevant today: The character of the danger is, if possible, even less understood here than it was in Germany. The supreme tragedy is still not seen that in Germany it was largely people of good will, who, by their socialist policies, prepared the way for the forces which stand for everything they detest. Few recognize that the rise of fascism and Nazism was not a reaction against the socialist trends of the preceding period but a necessary outcome of those tendencies. Yet it is significant that many of the leaders of these movements, from Mussolini down (and including Laval and Quisling) began as socialists and ended as fascists or Nazis. In the democracies at present, many who sincerely hate all of Nazism’s manifestations are working for ideals whose realization would lead straight to the abhorred tyranny. Most of the people whose views influence developments are in some measure socialists. They believe that our economic life should be “consciously directed,” that we should substitute “economic planning” for the competitive system. Yet is there a greater tragedy imaginable than that, in our endeavor consciously to shape our future in accordance with high ideals, we should in fact unwittingly produce the very opposite of what we have been striving for? http://jim.com/hayek.htm