Quote of the Day : 'The road to serfdom – Cartoon 14' by Friedrich Hayek

< The road to serfdom – Cartoon 14 >

Your profession is planned.

The wider job choice promised by the now defunct “planners” turns out to be a tragic farce. 

“Planners” never have delivered, and never will be able to.

< The road to serfdom – Cartoon 14 >

-But I'm not a carpenter. I'm a Plumber.

Quote Meaning

The cartoon is the 14th installment in a series titled "The Road to Serfdom". In this chapter, the speaker, a plumber, expresses frustration at being forced into a profession they did not choose due to the failed promises of central planners. This highlights the limitations and shortcomings of centralized economic planning, contrasting with the freedom and autonomy provided by market-based economies. The episode emphasizes the importance of individuals being able to choose their own professions and careers without being subjected to directives or restrictions from central planners. However, in a centrally planned socialist state, individuals do not have the freedom to choose their occupations. Freedom is precious, and freedom isn't free.

Who was Friedrich Hayek?

Friedrich Hayek was a renowned Austrian-British economist and philosopher, known for his work on classical liberalism and free-market capitalism. He is  where he warned against the dangers of central planning and totalitarianism, arguing for the importance of individual freedom and limited government intervention in economic affairs.

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