``...he "warned of the danger of tyranny that inevitably results from government control of economic decision-making through central planning,"[1] and in which he argues that the abandonment of individualism, classical liberalism, and freedom inevitably leads to socialist or fascist oppression and tyranny and the serfdom of the individual.''
http://en.wikipedia.org/wiki/The_Road_to_Serfdom
So Ken Hanly, do you really want to accept this argument? You should be able to see there is no such thing as a `free market'. Every aspect of the market is defined, controlled, even in the sense of highly specific regions of no control. The whole economy is a legal scam, specifically configured to suit the needs of capital.
So let's get to capital, markets and labor as a commodity, like any other (ha, ha). How many commodities do you know that bleed (ignoring live stock and pets). I am free to sell my labor, right? I am free to starve if I don't.
So I sell my labor. What exactly does that entail? It means I subjugate all my rights, self-determination, all the intentions, skills, and self-direction, as well as any claim on the works I produce. I am the commodity--labor power--as well as what I produce, and on top of that I keep producing until the boss has a tidy sum in the register over and beyond the value of my wages, right?
Now if that doesn't sound like serfdom...
What Hayek (as far as I got) is really saying is that liberty consists of the freedom of capital to exploit the holy fuck out of whatever catches its fancy, me the planet, whatever. According to the news they are doing and damned fine job, well until it all stops dead in its tracks.
What is the way out? All power to the Soviets, and the central planning authority of the council of the Soviets.
(I've really gone off the deep end in the last month or so. Tonight I am reading the Foreward to Grundrisse, the Penguin edition. I'll probably only read Marx's Introduction chapter and spot read here nad there.)
CG