The Reagan and Thatcher "revolutions." The collapse of Eastern Europe dramatically captured in the tearing down of the Berlin Wall. F. A. Hayek, "grand old man of capitalism"and founder of the classical liberal, free-market revival which ignited and inspired these world events, forcefully predicted their occurrence in writings such as "The Road to ""Serfdom," first published in 1944.
Hayek's well-known social and political philosophyin particular his long-held pessimistic view of the prospects of socialism, irrefutably vindicated by the recent collapse of the Eastern blocis fully...