The Road Away from Serfdom: A new book makes the case for the renewed relevance of F. A. Hayek’s 1944 classic. (Alberto Mingardi, Dec 06 2023, City Journal)

One lesson of political capitalism may be that even a hint of economic liberty, if given after years of economic oppression, can be enough to unleash substantial economic growth. Such growth is the result not of government or the state but of individuals acting to improve their lot. One can also look at demography and see how globalization, by uplifting millions, multiplied opportunities that enabled growth. “Complete” liberty, if such a thing exists, was not necessary to produce growth—human beings are enterprising enough that just a little elbow room goes a long way.