The Road To Serfdom

Hayek believes that democracy will collapse under socialism, and he warns repeatedly that the collectivist trends that led to totalitarian Germany and Russia are similar to recent trends in England and America. Is planning winning the day, or is Hayek mistaken? Defend your assertion.

Economic planning tends to become much more difficult than theorists expect. What could cause this disconnect between theory and reality?

Can a socialist society protect individual freedoms? Suggest some safeguards and how they would work.