The Tragedy of Collectivism

F A Hayek“The tragedy of collectivist thought is that while it starts out to make reason supreme, it ends by destroying reason because it misconceives the process on which the growth of reason depends. It may indeed be said that it is the paradox of all collectivist doctrine and its demand for the “conscious” control or “conscious” planning that they necessarily lead to the demand that the mind of some individual should rule supreme — while only the individualist approach to social phenomena makes us recognise the super-individual forces which guide the growth of reason. Individualism is thus an attitude of humility before this social process and of tolerance to other opinions, and is the exact opposite of that intellectual hubris which is at the root of the demand for comprehensive direction of the social process.”

The Road to Serfdom. Friedrich August von Hayek. He was born on this day in 1899. Happy birthday, dear Prof Hayek.