Friday, July 09, 2021

Quote Of The Day

The fallacies and contradictions in the economic theories of socialism were exposed and refuted time and time again, in the Nineteenth Century as well as today. This did not and does not stop anyone: it is not an issue of economics, but of morality. The intellectuals and the so-called idealists were determined to make socialism work. How? By that magic means of all irrationalists: somehow.

The essential characteristic of socialism is the denial of individual property rights; under socialism, the right to property (which is the right of use and disposal) is vested in “society as a whole,” i.e., in the collective, with production and distribution controlled by the state, i.e., by the government.
 
-- Ayn Rand

 

No comments: