Finally, here is an edition of Road to Serfdom that does justice to its monumental status in the history of liberty. It contains a foreword by the editor of the Hayek Collected Works, Bruce Caldwell. Caldwell has added helpful explanatory notes and citation corrections, among other improvements. For this reason, the publisher decided to call this “the definitive edition.” It truly is.
Everywhere we turn these days, it seems, leftists are undermining and attacking capitalism on moral grounds. Their criticisms are directed not at merely certain corrupt corporations or individuals who abuse the system, but at the system itself.
Sadly, few conservatives, even conservative Christians, are willing or prepared to defend capitalism’s virtues. Rather than tout it in terms of liberty, they sheepishly apologize for its allegedly inherent greed.