It Was A New Kind Of Class

The Major Political Event Of The Twentieth Century Is The Death Of Socialism.

Somehow, The Fact That More Poor People Are On Welfare, Receiving More Generous Payments, Does Not Seem To Have Made This Country A Nice Place To Live - Not Even For The Poor On Welfare, Whose Condition Seems Not Noticeably Better Than When They Were Poor And Off Welfare. Something Appears To Have Gone Wrong; A Liberal And Compassionate Social Policy Has Bred All Sorts Of Unanticipated And Perverse Consequences.

Anyone Who Knows Anything About Journalism Knows That Reporters Are Rarely In A Position To Investigate Anything. They Lack The Authority To Subpoena Witnesses, To Cross-examine, To Scrutinize Official Records. They Are Lucky To Get Their Phone Calls Returned.

As A Result Of The Efforts Of Hayek .. And The Many Others Who Share His General Outlook, The Idea Of A Centrally Planned And Centrally Administered Economy, So Popular In The 1930s And Early 1940s, Has Been Discredited.

What Rules The World Is Idea, Because Ideas Define The Way Reality Is Perceived.