The Road to Serfdom

Abstract: Contemporary events are unpredictable, unlike historical ones, making it vital to recognize potential threats to freedom, as seen in the rise of totalitarian regimes. There's a trend toward collectivism, especially socialism, which may threaten individual liberties. The decline of individualism and liberalism is evident, as many seek radical changes. Central planning conflicts with democracy and the rule of law, risking personal freedoms. Totalitarianism can restrict choices and reduce moral accountability. A balance between security and freedom is essential to prevent the rise of oppressive systems and ensure a healthy society.

Book Summary

Chapter Summaries:

Introduction

One: The Abandoned Road

Two: The Great Utopia

Three: Individualism and Collectivism

Four: The “Inevitability” of Planning

Five: Planning and Democracy

Six: Planning and the Rule of Law

Seven: Economic Control and Totalitarianism

Eight: Who, Whom?

Nine: Security and Freedom

Ten: Why the Worst Get on Top

Eleven: The End of Truth

Twelve: The Socialist Roots of Naziism

Thirteen: The Totalitarians in Our Midst

Fourteen: Material Conditions and Ideal Ends

Fifteen: The Prospects of International Order

Sixteen: Conclusion