In the road to Serfdom Hayek identifies two types of Economic Security…the first he terms as Limited Security where individuals are protected against “physical privation and a given minimum sustenance for all”…the second he describes as the “security of a minimum income and the security of the particular income a person is thought to deserve” …what he later describes as the provision of the certainty of a given income
Could someone please explain why the second type of security described by Hayek is incompatible with a liberal market economy.
Thank You