States must ensure a minimum income for everyone

This book has been heavily criticized by the left, and with good reason because it saw the feet of their table.
F. Hayek's book is a frontal attack against the socialist dream of a planned economy as a remedy against cyclical fluctuations of the free market.

For Hayek, a planned economy is synonymous with slavery. It clearly explains that the replacement of private enterprise and competition by collectivism, means nothing other than the abolition of democracy. As Trotsky wrote, 'in a country where the sole employer is the state, the opposition will starve. The old principle - who does not work shall not eat - is replaced by a new one - that does not obey shall not eat. '

A planned economy is a totalitarian system where the end justifies the means; in other words, a total rejection of all morality. In addition, the individual is not respected as a human being, but as cogs in a huge bureaucracy where even the tolerance is not tolerated. For true liberals (like B. Russell), power was absolute evil; for a pure collectivist it is a goal in itself.
In this book, Hayek is somewhere not a pure liberal, because he insists that each State shall provide a social insurance system with a minimum income for everyone.

The collectivist system in which F. Hayek is so strongly opposed, has unfortunately become a reality in authoritarian countries and resulted in an almost total lack of freedom and a suffocating inhumanity.

This great book is a plea for the freedom and independence of the human being, the search for truth and intellectual honesty, peace and democracy and, ultimately, for the respect of human as an individual.
A must read.