The Fruits of Civilization – Friedrich Hayek

Friedrich Hayek

“I regard the preservation of the capitalist system, of the system of free markets and the private ownership of the means of production, as an essential condition of the very survival of mankind.” ~ Friedrich Hayek

Austrian economist Friedrich Hayek (1899–1992) was a cheerleader for capitalism. His 1944 book The Road to Serfdom was an influential defense of laissez-faire. Hayek is exemplary of many economists in treating economics as a religion of conviction, abandoning any pretense of economics as a science. British Prime Minister Margaret Thatcher was a staunch believer in Hayek’s ministry, as was US President Ronald Reagan, who cited Hayek as strongly influencing his political philosophy.

“The idea of social justice is that the state should treat different people unequally in order to make them equal.” ~ Friedrich Hayek (Here we have a beautiful example of the framing effect: distorting actuality by framing it in certain terms, as contrasted to holistic comprehension.)