"Karl Marx and Hayek have this in common: both believe in systems, not in men; both are fatalists; both are callous; both hold that the state is and should be the product and auxiliary of economic values, and that historically the state was a committee of the economically successful for the mastery of society. Even as Karl Marx believed that when the economic problem was settled the state would wither away, so Hayek believes that the economic problem is now settled and the state ought to vanish except to assist continued competition."
January 1, 1970