Road to Serfdom

"The Road to Serfdom," by Friedrich Hayek, argues that excessive government control and central planning can limit individual freedoms and lead societies toward authoritarianism. Hayek stresses that while some government intervention is necessary, too much can undermine free markets and personal choice. He warns that efforts to centrally plan economies often result in loss of liberty and increased government power, ultimately leading to a more oppressive, serf-like existence. The book advocates for limited government, free markets, and individual freedoms as key to maintaining a prosperous and open society.