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Towards a new 'road to serfdom'?

The classical liberal order is under threat from 'woke' progressives

liberalism, capitalism, socialism
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Illustration by Binay Sinha

Deepak Lal
After the Second World War, Fredrich Hayek, a young professor at the London School of Economics wrote a book, The Road to Serfdom, which pilloried the growing acceptance of socialism in the UK, and made the case for a return to classical liberalism. He also set up an academy of classical liberal scholars —the Mont Pelerin Society (MPS) — in 1947 to discuss the ideals and ideas of economic and political liberty as a counter to the existing collectivist socialist dogmas, which he described as the “Road to Serfdom”. The MPS held its latest meeting this month at the Hoover
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