Hayek's Strengths And Weaknesses Of Social Democracy

1034 Words5 Pages
unions and fragmentation of the political left ensured the subjugated position of the socialist left within politics. The reliance on voters to repeatedly elect a Labour Government is not guaranteed, neither is securing the permanence of legislative changes made. These weaknesses in democratic socialism which prevent achieving Marxist socialism, stem from the same political system which enabled social democracy to reach socialist goals.

Schumpeter (1943) argues that the only way to ensure socialist outcome through democratic means, is to abandon the idea of true democracy, and enforce socialism. This would inevitably lead to a ‘one-party-state’ with economically planned socialism. However, this is in line with anti-socialist, Hayek’s arguments that state socialism failed in part due to a central planning that lead to a loss of freedom (1988:85). Although Hayek’s concern is financial freedom, more significantly, enforced socialism undermines the socialist ethos of emancipation. Furthermore, the failings to implement long-lasting changes to the governance system to prevent oppositional parties challenging control lie in human faith that others would not deconstruct systems put in place to benefit society. Ultimately, political socialists need to find a new method to achieve their goal. For it is impossible to argue ‘common good’ as a rational ideology because it means different things to different people. Also, personal wants can conflict with group needs (Schumpeter 1943:

    More about Hayek's Strengths And Weaknesses Of Social Democracy

      Open Document