Hayek on Social Security 3

“What we now know as public assistance or relief, which in various forms is provided in all countries, is merely the old poor law adapted to modern conditions.  The necessity of some such arrangement in an industrial country is unquestioned — be it only in the interest of those who require protection against acts of desperation on the part of the needy.

It is probably inevitable that this relief should not long be confined to those who themselves have not been able to provide against such needs (the “deserving poor,” as they used to be called) and that amount of relief now given in a comparatively wealthy society should be more than is absolutely necessary to keep alive and in health.” [sic]

From Hayek’s The Constitution of Liberty, ch. 19 “Social Security”.

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