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Episode #139 ... Friedrich Hayek - The Road to Serfdom (Patreon)

Published:
2020-02-12 02:24:46
Imported:
2026-06
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I can't thank you enough. Patreon is the way this show keeps going. Thank you for making my life possible. 

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Comments

September Lorena

Thank you for making ours bearable by helping us to understand the society we live in.

hussain.mq

Oh great episode thank you KING

Jacob Aaron Libby

I wouldn't have realized the way in which both free market economics and behavioral economics both, in their very difference ways, find inspiration from 20th century skepticism toward rationality.

Noel Arnold

thank YOU! your show is extremely insightful, supremely contextualized, and deeply reflective - in a world of candy popcorn entertainment. 🤓❤️✊ i tell everyone about this marvelous podcast.

Brandon W

Hey! Love the show, first time long time. I was wondering if you could help me understand Hayek’s rationale for saying that free market economies deal with deviation with the bailiff while centrally planning economies have to use the hangman? I don’t see the connection between the planning the economy and the methodology used to enforce it. Is this a relic of the time Hayek was writing? It seems that nowadays most centrally planned economies have outlawed the death penalty and the areas where you see the death penalty utilized are also big into laissez-faire. Thank you!!!

Phoebe Yang

Thanks for making the episode. Just want to understand more on the background of hayek’s work. Does he believe all possible forms of central planning will necessarily lead to a dictator or a coercer? It seems like Hayek’s concept of individual freedom can only be actualized in a free economy society, where there is no central planner/strong government interference, and agents act on behalf of their selfish interests based on their localized knowledge of the market. But given what we can observe today, a free market could also lead to the emergence of the few powerful which ultimately undermines the freedom of the individuals. I wonder what was the context that Hayek came to the conclusion of his arguments?

Jet U Sirilimp

The key is "What businessman definition should be? A: Just a Group of people who seek for the opportunity in the possibility. (Sevices) B: People who are purely driven by his interest. (Artist) i believe Both A & B are correct, but the first order is B. if A priority over B. Your business will fail while if B priority over A, you will be a success. Every Successful Businessman speaks the same, "Do what you love?" this refers to Free-market Economies while "Love what you do?" is Centrally planned economies. Why am i so sure of the answer B over A? Because of evidence and example of a great business man. Evidence is proof of the correct answer more than the process of Checking in mathematics. You can calculate correct, but the evidence is persisting your error. Your answer cannot be right.

Eerik Mantere

Hmmh... First I heard Hayek I thought he must have been talking about the American government, as the government of my country, Finland, definitely is not inefficient and is not screwing up everything. But then I realized that he was Austrian. I've been to Austria once. A terrible place. You know Hitler was Austrian? When you visit you'll understand... Anyway, Hayek did spend a lot of time in the US. I've been to the US too and the government does suck a bit. But this doesn't mean that big public sector cannot work. Check out my country. About 30% of people work in the public sector, taxes are huge and progressive, and still our little 5,5 million country gave the world mobile phones and "virtanen" fresh grass conservation system for agriculture. And startups are booming here and our government-owned petrol company #Neste just developed the world's most ecological renewable diesel for cars and an ecological KEROSINE for AIRPLANES!!! And we have the world's youngest prime minister and she is a woman. Super intelligent and other countries want to ask our help in handling the covid-19. Just saying. If governments always f***k up or not depends a lot on the government. If US would vote for Bernie Sanders you might finally have a government that doesn't always f***k up. Cheers!

will D
>>34619750

With economics is always the seen vs the unseen, yes you point out what you think are the god points, but the likelihood of shit going downhill eventually are greater than with a true free market. Governments WILL eventually bfuck up because it sets the wrong incentives in place for things to deteriorate...let's talk again in 10 or 20 years.

will D
>>32745445

True, a free market can lead to powerful entities, but the difference is something like Amazon vs something like the IRS or whatever other government agency you want to pick. Amazon must convince you to spend your money by making their services desirable, the IRS takes your money out of your paycheck at the point of a gun.

Anonymous
>>34619750

"the likelihood of shit going downhill eventually are greater than with a true free market." How can you prove that statement, specially after seeing all the crisis caused by free market unregulated laissez faire systems from 1929 to more recently in 2008? Also, yes, government eventually fucks up (some more, some less), but corporations and individuals too, leading to economic crisis, social crisis, political crisis, environmental crisis.