Hayek on Social Security 2

“In the Western world some provision for those threatened by the extremes of indigence or starvation due to circumstances beyond their control has long been accepted as a duty of the community.¹  The local arrangements which first supplied this need became inadequate when the growth of large cities and the increased mobility of men dissolved the old neighborhood ties, and (if the responsibility of the local authorities was not to produce obstacles to movement) these services had to be organized nationally and special agencies created to provide them.

1.  Compare the classic explanation offered by Nassau William Senior … ”

From Hayek’s The Constitution of Liberty, ch. 19.

 

 

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I believe we can now demonstrate that socialism is altogether based on an intellectual failure to comprehend the conditions under which we are able to produce enough to satisfy our expectations. — F. A. Hayek


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