The Media Matrix

Saturday, September 18, 2004

From Hayek's The Fatal Conceit (quoted at Catallarchy):

"One's initial surprise at finding that intelligent people tend to be socialists diminishes when one realizes that, of course, intelligent people will tend to overvalue intelligence, and to suppose that we must owe all the advantages and opportunities that our civilization offers to deliberate design rather than to following traditional rules, and likewise to suppose that we can, by exercising our reason, eliminate any remaining undesired features by still more intelligent reflection, and still more appropriate design and 'rational coordination' of our undertakings. This leads one to be favourably disposed to the central economic planning and control that lie at the heart of socialism."