There is growing interest, especially among American youth, in socialism. Daniel J. Smith revives Friedrich Hayek’s 1944 warning in The Road to Serfdom that socialism—defined as state ownership of the economy—inevitably erodes democracy and leads to authoritarianism. Drawing on historical insights, modern critiques, and empirical evidence from Venezuela’s collapse to Nordic prosperity, Smith demonstrates how capitalism fosters civil liberties, academic freedom, and social capital. Countering claims that Hayek was “wrong,” he debunks common myths about socialism and calls for robust economic education to safeguard freedom.
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Agenda
6:30 PM – 7:15 PM – Presentation by Dr. Daniel Smith
7:15 PM – 7:30 PM – Q&A
About the Speaker
Daniel J. Smith is the Director of the Political Economy Research Institute and Professor of Economics at the Jones College of Business at Middle Tennessee State University. Dan is the North American Co-Editor of The Review of Austrian Economics and the Senior Fellow for Fiscal and Regulatory Policy at the Beacon Center of Tennessee. Smith has published over one hundred popular publications in national and regional outlets, including the Wall Street Journal, The Hill, and the Tennessean.
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