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By David Keene
Allowing states to innovate could reduce dependency on bureaucracy
Topic - Friedrich A. Hayek
From the grave, one of the most honored economists of the 20th century warns America - and all of Western civilization - to be wary of the mirage-like temptations offered by so-called "democratic socialism." While many regimes have fallen for socialism's false promises, Friedrich A. Hayek lived to see the likes of President Reagan and Prime Minister Margaret Thatcher specifically credit his ideas for much of their own governances respecting the worth of the individual.
It is folly, Hayek warns, to assume that "if such [governmental] power is conferred by democratic procedure it cannot be arbitrary."
Such choices describe "the gulf that separates totalitarianism from Western civilization," he contends.