The Road to Serfdom Chapter Summaries Chapter 1 The first chapter begins by explaining the relevance of the economic stand points that people are unaware of. F. A. Hayek points out a key aspect that relates to society sharing a Totalitarianism view; which is simply one person or a government being the absolute power. However, all people really want is their freedom. Over time I believe that Hayek feels that the people are losing their freedom. Totalitarianism is different and the people did not fully understand what was going to happen.
In all reality it was just a change not necessarily for the better.
Chapter 2 Hayek moves into Chapter two and begins talking about socialism. He points out that over time Socialism has become more popular as time passes. Socialism is believed to be the way of freedom. Very different from Totalitarianism however Socialism overpowered Liberalism. But Socialism was also compared to Fascism. Many people that were once socialist became Fascist and example being the Nazi’s that were once socialist became fascist.
Because of Socialism and Fascism are somewhat similar but also very different and this led to competition. Chapter 3
It seems as though in Chapter 3 that Hayek explains the notion of socialism. From my perspective in the book, society has become puzzled by Socialism. Society can see socialism as an abstract concept. This relates to the means and principles of equal opportunity and safety. However, it is simply an idea of which is being put into action to rid the people of their businesses to be handed over to the government from a private sector aspect. It seems though Hayek is recommending that society should push to be a part of the Socialist system however not everyone agrees with the Socialist system.
Chapter 4 According to the chapter four change is inevitable and planning will cause changes. Hayek states that technology changes have created competition due to the number of fields. He also states that there is only one option which is control of production is controlled by the government. This relates to the text and Hayek believes that the result of the Marxian idea describes the concentration of industry. Hayek is trying to grasp and also study whether planning is the effect of technology or whether it is the effect from diverse countries around the world. Chapter 5
Hayek moves back to the ideas of Socialism and the goals of labor. It seems as though he believes that the people who do not believe in Socialism do not have a common area to relate to. Although it seems as though he is trying to point out the purpose behind democracy and planning is that it should be more unified to eliminate the gaps. He makes reference to the general welfare and a common purpose and everyone’s opinion is different. In this chapter he also points out that there should be an ethical code but there is not one in effect for the people to fall back on.
People have become dependent on democracy and focus less attention on the values behind it. Chapter 6 It seems that Hayek makes a clear point that the Rule of Law portrays certain rules that everyone including the government need to adhere to. It seems as though we are allowed to be free and follow our goals. However, it has to be within reason of the Rule of Law and that goal cannot impede with the government. It seems that planning and the Rule of Law does not have a common ground. Therefore society has to decide what is more important. Chapter 7 According to Hayek there has to be a dictatorship.
It seems as though he believes that the people should give up their freedom. Money hinders freedom and but it gives people choices. I believe that his opinions are contradictory. He believes that values are important and people have choices but the goods we purchase and need restrict them. He points out the economic values are important because the people have their opinions and values. Planning controls the people and their goals, which in turn control the lives of people. Chapter 8 Hayek states in the book that opportunities open to the poor in a competitive society are much more restricted than those open to the rich.
He makes the point that competition is based on the price of the product and not on who can afford it. He also states that the people who can actually afford it will buy it. He makes references to planning and those people making the decisions. He points out if government has control on the production that they in turn have control of the income that is distributed to the people. Chapter 9 Hayek believes there are two types of security. The text states that the first security against severe physical privation, the certainty of a given minimum of substance for all. The second type of security is limited to certain people.
Hayek also makes reference to the standard of living. Chapter 10 Hayek makes another reference to Totalitarianism. He believes that there has to be a group behind the leader in order to make it work. Hayek thinks that these people tend to be the bad apples. Hayek also states that groups have common goals and finding the goals can be an issue. Hayek makes the reference point that people who fall under the control of the dictator accept the values of the leader. Chapter 11 In chapter eleven, Hayek continues to talk about the Totalitarianism. He points out that people have act as the leader wants them to act.
Hayek makes a reference to morals and how the people morals are changing because of Totalitarianism. He makes reference to propaganda and the purpose. A totalitarian ruler has to make the people believe their beliefs are the right way. Chapter 12 Hayek believes that as time passed that the stages of Marxism and socialism slowly. He brings up Werner Sombart who was a support of Marx and Socialism. Hayek talks about Plenge who was also a supporter of the Marxism. Plenge believed that the war was a conflict between two values. Plenge stated that freedom for the people is unnecessary and the state should have control.
Hayek then moves into touch base on planning that needed to happen in certain parts of the world examples being the United States and England. Chapter 13 Hayek explains how the event in Germany took place and how it came to be. He begins by explaining how Hitler came to power and how Fascism came to be and how it started over thirty years ago. The views of the right and left wing were not very far apart when it came to their views on certain topic, an example being against liberalism. Hayek makes reference to theorists that were forcing the move toward Totalitarianism. Chapter 14
Hayek makes the points that there is a new arrangement for monopolies. He states the current generation is feels the need to be disinclined to listen to the economic views. Hayek again brings up planning and how it’s a way to avoid a normal part of society, that being unemployment. He believes that there can be a rise in income for the people is if they expand the money. Hayek made a point to the standard of living in previous chapter and is now saying that people will not want to change their standard of living. Chapter 15 Hayek makes a good point that international peace is almost a lost cause. Every country has their own agenda.
He explains about the standard of living and countries disagreeing with a bordering country which in turn causes an issue between countries. There is more conflict then everyone working together. Planning for everyone is almost impossible. Chapter 16 Overall this book is pointing out the flaws in Europe. He explains socialism, fascism Totalitarianism, planning, money and war. He touches on the economics of society and when it started to begin. He talked about the war and what happened after and how people were during and after. He stated that people comprehended their mistakes. He believe the views then are relevant to today
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