Are You A Socialist?

Another over-used label in American politics, this article explores what FA Hayek would add to this discussion.

Thank you for reading this essay.  It is part of an ongoing series titled Old Friends and this is the first contribution on FA Hayek's The Road to Serfdom.

Democracy extends the sphere of individual freedom, socialism restricts it. Democracy attaches all possible value to each man; socialism makes each man a mere agent, a mere number. Democracy and socia…