Many economics textbooks today make the claim that no economic system is inherently better or worse than another. Yet, history proves again and again that socialism leads to totalitarianism. Austrian economist, F.A. Hayek, predicted that German socialism would lead to totalitarianism before the world learned about the horrors of the Holocaust.
"F.A. Hayek’s The Road to Serfdom is one of the more compelling and accessible books in the Austrian economic tradition. The bulk of the book makes the argument that central planning and interventionism inevitably lead to authoritarianism in the plain language that influenced the sale of over 350,000 copies.
Towards the end of the book, he deals with the undeniable authoritarians of his time and casts the national-socialist movement as one built on disgust with [classical] liberalism."
https://fee.org/articles/hayek-on-the-socialist-roots-of-nazism/
"F.A. Hayek’s The Road to Serfdom is one of the more compelling and accessible books in the Austrian economic tradition. The bulk of the book makes the argument that central planning and interventionism inevitably lead to authoritarianism in the plain language that influenced the sale of over 350,000 copies.
Towards the end of the book, he deals with the undeniable authoritarians of his time and casts the national-socialist movement as one built on disgust with [classical] liberalism."
https://fee.org/articles/hayek-on-the-socialist-roots-of-nazism/