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Notable Quote

"The power which a multiple millionaire, who may be my neighbour and perhaps my employer, has over me is very much less than that which the smallest functionaire possesses who wields the coercive power of the state, and on whose discretion it depends whether and how I am to be allowed to live or to work."

— Hayek, Friedrich event 1944

From The Road to Serfdom

Context: From the chapter "Who, Whom?", contrasting the limited power of private wealth with the unchecked discretionary power of state officials over individual lives

Topics

flag Liberty error Coercion security State Power corporate_fare Bureaucracy