In the eyes of Hayek and his contemporaries, the European tragedy had thus been brought about by the shortcomings of the Left: first through its inability to achieve its objectives and then thanks to its failure to withstand the challenge from the Right. Each of them, albeit in different ways, arrived at the same conclusion: the best – indeed the only – way to defend liberalism and an open society was to keep the state out of economic life.
-Tony Judt
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