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Why Does Our Expert Class Fear Democracy?

When Friedrich Hayek wrote The Road to Serfdom in the midst of World War II, United States government spending accounted for over 40% of the American economy, up from a mere 3% in the 1920s. Of course, there was a war on at the time. Saving the free world doesn’t come cheap.

Most Western democracies have gone down a different road to serfdom, a road that led not to central planning, but toward the increasing role of experts in public policy.

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Sydney-based globalization expert Salvatore Babones is available to speak on the Chinese economy (demographics, growth, technology), the Belt & Road Initiative, global trade networks, and Australia-China relations. Contact: