…but I did.
They say that Bill Clinton was a reader in the White House. President Obama blocked his college records so we’ll never know what kind of scholar he is. I’m pretty sure that he has not read The Road to Serfdom by F.A. Hayek. This book is a critique of socialism and central planning (think Obamacare). It has been embraced by conservatives and derided by progressives as being dated. It was written in the 1930’s and ’40’s. Ancient history.
Here is the problem with central planning as Hayek puts it: The “social goal,” or “common purpose” for which society is to be organized is usually vaguely described as the “common good,” the “general welfare,” or the “general interest.” It does not need much reflection to see that these terms have no sufficiently definite meaning to determine a particular course of action. The welfare and happiness of millions cannot be measured on a single scale of less and more…To direct all our activities according to a single plan presupposes that every one of our needs is given its rank in an order of values which must be complete enough to make it possible to decide among all the different courses which the planner has to chose. And to impose that course of action the fascist or socialist state must educate the citizens to make them realize it is for their good. Obama said on “60 minutes”: We were so busy and so focused on getting a bunch of stuff done that we stopped paying attention to the fact that, yeah, leadership isn’t just legislation, that it’s a matter of persuading people and giving them confidence and bringing them together, and setting a tone. BHO just didn’t educate us enough. Hayek also writes that socialism cannot be imposed without trampling on liberty because the Rule of Law is no longer considered by the planner.
The road to serfdom…scary stuff.
I gotta go…