 and he claims to be concerned about disillusionment with democracy “as a desirable method of government”. For Hayek, the market system must be “embedded in a set of social institutions” if it is to work, and that includes a “democratic polity subject to the rule of law” (Caldwell 2004: 348). The point of The Road to Serfdom is to argue that liberal democratic socialism is unstable and that socialism must cease to be democratic or cease being socialism. So any attempt to plan the economy would not only destroy liberal rights; it would inevitably destroy democracy.