I'm not overly educated in philosophy.
I'll make no pretenses of being on par with someone like Chui who has a grasp of the names and individual writings of philosophers and economists, but I'll agree with him based on my own experience.
I've been to twenty six countries and seen many people and cultures. Every culture that rewards individualism and personal motivation tends to have a better standard of living and more stable society than one that is based on handouts garnered by mere citizenship (subservience?). Motivation and ingenuity are supressed when one realizes that you gain no benefit from your work, but your lazy and stupid neighbor will profit from it.
If I have a skill and trade, making 100 whatever monetary units per week, while you have a better position and skill making 200, I will strive to improve myself or my ability to reach a better standard. If, however, the state pools our income, giving us both 150 per week, I have no motivation to improve. You are affected also, you are being robbed of your income, it is being given to me, your less skilled neighbor, and you have no desire to improve your position because it is impossible to do so.
I realize this is a gross over-simplification, but the principle holds true in the macro, also. These attitudes affect society as a whole, not just economics. One of the major effects is dependance on the state, ultimately resulting in disarmament and subjugation.