Status Updates From The Road to Serfdom

A state which is entangled in all directions in the running of monopolistic enterprise, while it would possess crushing power over the individual, would yet be weak state in so far as its freedom in formulating policy is concerned. The machinery of monopoly becomes identical with the machinery of the state, and the state itself becomes more and more identified with the interests of those who run things.

A great defense of liberalism and the free market. His critique of the inherent logic of socialism leading to totalitarianism is brilliant.