Why does socialism clash with democratic values? What makes central economic planning a threat to individual freedoms? In his book The Road to Serfdom, Friedrich Hayek explores the fundamental tension between socialism and democracy. He presents four key democratic elements—economic freedom, intellectual freedom, rule of law, and democratic leadership—that become compromised under socialist systems. Keep reading to get Hayek’s take on the socialism vs. democracy debate.
Socialism vs. Democracy: Hayek Explains 4 Ways They Clash
