Hayek also debunks the idea that economic planning can co-exist with personal freedom, arguing that economic control is not merely control of a sector of human life but is, in essence, control of life itself.

In summary, "The Road to Serfdom" argues that central planning and economic control inevitably lead to a loss of individual freedoms and that the most effective way to organise society is through a system that respects individual choice and the rule of law and underscores why limited government and free markets are non-negotiables for a free and prosperous society.