The Road to Serfdom
by F. A. Hayek

Explains the faults of central planning and the logical links between central planning, socialism, and Nazism. Democracy cannot arrive at a central plan, so decision-making power must be assumed by a small group if anything is going to get done.
"The whole system will tend toward that plebiscitarian dictatorship in which the head of the government is from time to time confirmed in his position by popular vote, but where he has all the powers at his command to make certain that the vote will go in the direction he desires." page 69.
Even though this book was a best-seller, it is a serious work.

Year Read: 1986

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