Wall Street Journal — ‘The word truth itself ceases to have its old meaning.’
From economist Friedrich Hayek’s 1944 book “The Road to Serfdom”:
The word truth itself ceases to have its old meaning. 45 more words
The marketplace approach to information control is not without its criticism; a skeptic could challenge several points. First, one could contend that a marketplace of ideas must be regulated in some way, much like economic markets are. 546 more words
This summary by Hayek of the contemporary meaning of socialism in the 1930s and 1940s was relatively accurate.
You must remember that clause 4 of the British Labour Party’s manifesto committing that party to the socialisation of the means of production, distribution and exchange was only dropped relatively recently at the impetus of Tony Blair. 113 more words