After watching this brief clip of Friedrich Hayek appear on William F. Buckley’s “Firing Line,” I recollected the various quotes by Thomas Sowell that argued against the so-called intellectuals in our society that have caused much of our problems.
If you’ve never read anything by Sowell, I highly recommend checking out this page of his quotes.
Anyway, with that being said, here is a video of Hayek explaining why intellects tend to promote the ideas of socialism instead of freedom, free markets and private enterprise. This video is brought to you by our good friends at CommonSenseCapitalism.com.
Enjoy the video!