Quote of the Day
Authors Categories Blog Quote Maker Videos
 

Friedrich August von Hayek Quotes: [Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.
         

[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.


Friedrich August von Hayek
Check all other quotes by Friedrich August von Hayek

Want to display this quote image on your website or blog? Simply copy and paste the below code on your website/blog.

Embed:

Format of this image is jpg. The width and height of image are 1200 and 630, repectively. This image is available for free to download.





Citation

Use the citation below to add this quote to your bibliography:


Styles:

×

MLA Style Citation


"Friedrich August von Hayek Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/Socialistic-economic-planning-regulation-and-intervention-pave-591349>.





Check out


Other quotes of Friedrich August von Hayek


The idea of social justice is that the state should treat different people unequally in order to make them equal.

The idea of social justice is that the state should treat different people unequally in order to make them equal.



If socialists understood economics, they wouldn't be socialist.

If socialists understood economics, they wouldn't be socialist.



There is all the difference in the world between treating people equally and attempting to make them equal.

There is all the difference in the world between treating people equally and attempting to make them equal.



'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.

'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.



The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.



In government, the scum rises to the top.

In government, the scum rises to the top.



Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.

Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.



The more the state "plans" the more difficult planning becomes for the individual.

The more the state "plans" the more difficult planning becomes for the individual.



It is indeed probable that more harm and misery have been caused by men determined to use coercion to stamp out a moral evil than by men intent on doing evil.

It is indeed probable that more harm and misery have been caused by men determined to use coercion to stamp out a moral evil than by men intent on doing evil.



The chief evil is unlimited government, and nobody is qualified to wield unlimited power.

The chief evil is unlimited government, and nobody is qualified to wield unlimited power.





Other quotes you may like



Anything that spreads books and brings about more books, I would say it is good. Good medicine, not bad.

Anything that spreads books and brings about more books, I would say it is good. Good medicine, not bad.



A simple grateful thought turned heavenwards is the most perfect prayer.

A simple grateful thought turned heavenwards is the most perfect prayer.



Have you heard of the legends of sleeping kings? The legends that heroes like Llewellyn and Glendower and Arthur aren’t really dead, but are instead sleeping in tombs, waiting to be woken?

Have you heard of the legends of sleeping kings? The legends that heroes like Llewellyn and Glendower and Arthur aren’t really dead, but are instead sleeping in tombs, waiting to be woken?



They didn't understand what they were doing. I'm afraid that will be on the tombstone of the human race.

They didn't understand what they were doing. I'm afraid that will be on the tombstone of the human race.



The real problem with the IRS is that they let General Electric not pay any taxes -- and 50 other corporations -- that's the real scandal.

The real problem with the IRS is that they let General Electric not pay any taxes -- and 50 other corporations -- that's the real scandal.



You've got to validate every day. There are those who just put a stamp on it and say, "This is gonna be a good day and I'm not gonna let anything else make it a bad day."

You've got to validate every day. There are those who just put a stamp on it and say, "This is gonna be a good day and I'm not gonna let anything else make it a bad day."



I also want to apologize to my fans, to the kids, everyone who's affected by the situation me and my wife are in.

I also want to apologize to my fans, to the kids, everyone who's affected by the situation me and my wife are in.



To forgive is an act of compassion, Buffy. It's not done because people deserve it. It's done because they need it.

To forgive is an act of compassion, Buffy. It's not done because people deserve it. It's done because they need it.



If you love someone and you choose to spend the rest of your life with that person, that's your partner in every way.

If you love someone and you choose to spend the rest of your life with that person, that's your partner in every way.




Quote Description


This page presents the quote "[Socialistic] economic planning, regulation, and intervention pave the way to totalitarianism by building a power structure that will inevitably be seized by the most power-hungry and unscrupulous.". Author of this quote is Friedrich August von Hayek. This quote is about way, structure, economic, hungry, regulation, intervention, power, building, totalitarianism,.