There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.


The Road to Serfdom (ed. Inst of Economic Affairs, 1945)

Friedrich Hayek Quotes

There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.

There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.

There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.

There is, in a competitive society, nobody who can exercise even a fraction of the power which a socialist planning board would possess.