What is called economic power, while it can be an instrument of coercion, is in the hands of private individuals never exclusive or complete power, n… - F.A. Hayek

The creation of wealth is not simply a physical process and cannot be explained by a chain of cause and effect. It is determined not by objective physical facts known to any one mind but by the separate, differing, information of millions, which is precipitated in prices that serve to guide further decisions.

during war the market system is more or less abandoned, as many parts of the economy are placed under central control. Hayek's fear was that socialists would want to continue such

Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends. And whoever has sole control of the means must also determine which ends are to be served, which values are to be rated higher and which lower, in short, what men should believe and strive for.