Friday, December 05, 2025 | 01:38 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Towards a new 'road to serfdom'?

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

liberalism, capitalism, socialism
premium

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
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper