Saturday, February 16, 2008

Hayek's 'The Road to Serfdom' in Five Minutes

Here is a conundrum for you. Various titles are available for this video clip. Which one do you choose?

1) Clinton's "Road to Serfdom" in Five Minutes
2) McCain's "Road to Serfdom" in Five Minutes
3) Obama's "Road to Serfdom" in Five Minutes

Here's the catch. Doesn't matter which one you choose. The result will be the same.

In South-Africa's case there is no conundrum. The only drum beating is:

1) Zuma's "Road to Serfdom" in Five Minutes




Road to Serfdom, The Description

This spell-binding book is a classic in the history of liberal ideas. It was singularly responsible for launching an important debate on the relationship between political and economic freedom. It made the author a world-famous intellectual. It set a new standard for what it means to be a dissident intellectual. It warned of a new form of despotism enacted in the name of liberation. And though it appeared in 1944, it continues to have a remarkable impact. No one can consider himself well-schooled in modern political ideas without having absorbed its lessons.

What F.A. Hayek saw, and what most all his contemporaries missed, was that every step away from the free market and toward government planning represented a compromise of human freedom generally and a step toward a form of dictatorship--and this is true in all times and places. He demonstrated this against every claim that government control was really only a means of increasing social well-being. Hayek said that government planning would make society less liveable, more brutal, more despotic. Socialism in all its forms is contrary to freedom.

Nazism, he wrote, is not different in kind from Communism. Further, he showed that the very forms of government that England and America were supposedly fighting abroad were being enacted at home, if under a different guise. Further steps down this road, he said, can only end in the abolition of effective liberty for everyone.

Capitalism, he wrote, is the only system of economics compatible with human dignity, prosperity, and liberty. To the extent we move away from that system, we empower the worst people in society to manage what they do not understand.

The beauty of this book is not only in its analytics but in its style, which is unrelenting and passionate. Even today, the book remains a source of controversy. Socialists who imagine themselves to be against dictatorship cannot abide his argument, and they never stop attempting to refute it.

Ron Paul is a Kook

Well, that is the label Ron Paul's been awarded by the good people who oppose him and his ideas.

But what is a "kook". According to the Merriam-Webster Online Dictionary, a kook is:

"One whose ideas or actions are eccentric, fantastic, or insane"


OK. So from this definition I assume that the "sane" people are implying that Ron Paul and his ideas are "insane".

But, before I allow myself to be sucked into this belief like a sheep, I first need to validate if Ron Paul's ideas are "kooky". Then I will decide.

To do this, I will juxtapose Ron Paul's ideas (the kooky ones) against the dissenter's ideas (like day and night, hot and cold, etc.)

The Kooky Ideas vs. The Sane Ideas

Freedom vs Slavery

Peace vs War

Capitalism vs Socialism (communism)

Sound Money vs Fiat Money

Savings vs Cheap Credit/Debt

Non-Intervention vs Intervention

Free Economy vs Planned Economy

Surplus vs Deficit

Anti Income Tax vs Pro Income Tax

Independence vs Dependence

Solvency vs Bankruptcy

Deflation vs Inflation

Conservative vs Liberal

Deregulation vs Regulation

Proactive vs Reactive

Decentralized Government vs Centralized Government

Limited Government vs Big Government

Individualism vs Collectivism

Pro-Market vs Pro-Government

Private Property vs No Private Property

Money backed by Gold vs Money backed by Debt

Wow, interesting when you compare the ideas like this, huh?

Ron Paul is a kook...yeah, right! He is actually fantastic!