In the third part of this collection, Friedrich A. Hayek discusses the turning point in which his ideas began to have a greater echo in the world — after the failure of Keynesianism and the rise of liberal ideas in the West. The interview includes a look at how Margaret Thatcher handled Great Britain’s economic problems during her administration. Hayek admits he is intrigued by the subject of trade unions and he discusses their proliferation in spite of the damage they have caused. Finally, he compares his vision of a free society with a future under totalitarianism.