Showing posts with label hayek. Show all posts
Showing posts with label hayek. Show all posts

Saturday, October 16, 2010

Video: What Elitism Does to Freedom

This video by Bill Whittle is worthy of much time and consideration.  I first saw it posted at Hot Air and very much wanted to share here in In Real Time.

No matter what the time, country, or culture, there will always be a group of people who think they know best how to run you life than you do.  Worse still, they are bent on leveraging their elitism upon you through whatever system of government, all at the cost of individual freedom.

Whittle's observations dovetail wonderfully with Hayek's Road to Serfdom and Sowell's
The Vision of The Annointed.

Saturday, August 14, 2010

Video: Hayek on Socialism and The Myth of Central Planning

Why object to more and more of our lives and liberties being controlled by fewer and fewer elites? On the principle side of the question, that's an easy answer. On the practical side, the end result is a diminution of our standard of living and general wealth as a society. It just cannot work.

In this video, the late F.A. Hayek explains.  As in his classic work, The Road To Serfdom, he explains the fallacy of putting the power to plan and control entire economies that require infinite millions of minute-by-minute decisions by millions of people.  The practical impossibility of the matter is striking enough. 

Equally unsettling is the amount of power required for such planning.  Rule of law (the oldest protector of individual rights and liberties) must be disbanded as the amount of discretionary power required for such an endeavor cannot be prescribed by laws.