The Road to Serfdom (part four)

The fourth part of the Road to Serfdom tells how state planning destroys the rule of law. In the situation of planned economy, the state gives itself unlimited rights for planning, regulation and control all spheres of the country’s life. The state goes so far on this road, that starts determining needs of various people.

What does the planned economy results into and if there is an alternative for it – read in the next part of the translation of the Road to Serfdom, performed by the donations of the readers of the Cost the State project.