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Hayek on “Social Justice” and Income “Redistribution”

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In this video (from, I’m guessing, the mid or late 1970s), F.A. Hayek discusses “social justice” and “redistribution” with William Buckley.

Hayek’s accent in this video sometimes makes his conversation a bit difficult to understand.  But stick with it.  The discussion is filled with insights.  For example, starting at about the four-minute mark is a typical – and typically insightful – Hayekian nugget of wisdom:

Our possibility of being charitable is limited by the extent of our knowledge of particular people and particular needs.