Professor Hayek is justifiably critical of some contemporary arrangements regarding old age pensions and apprehensive of the difficulties which may arise should the burden be greatly increased. But why should he argue as if these were at all likely to lead us to social disintegration and the concentration camp? This seems to me to be one of the less probable outcomes of the evolution of our institutions in this respect.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Professor Hayek is justifiably critical of some contemporary arrangements regarding old age pensions and apprehensive of the difficulties which may arise should the burden be greatly increased. But why should he argue as if these were at all likely to lead us to social disintegration and the concentration camp? This seems to me to be one of the less probable outcomes of the evolution of our institutions in this respect." in the context of "Lionel Robbins, “Hayek on Liberty.” Economica 28: 66–81 (1961)" to mean that wisdom is timeless.