A Quote by Henry Hazlitt
The sad fact is that today most of the heads of big businesses in America have become so confused or intimidated that, so far from carrying the free market to argument to the enemy, they fail to defend themselves adequately even when attacked.
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People think what's in the US today is capitalism. It's not even close to capitalism. Capitalism doesn't have a central bank, capitalism doesn't have taxes, it doesn't have regulations; capitalism is just voluntary transactions. What they have in the US today I call crapitalism. But it's sad that so many people are confused and they think, 'Oh that's free markets in the US', when it's one of the least free market countries on earth.
All of them, all except Phineas, constructed at infinite cost to themselves these Maginot Lines against this enemy they thought they saw across the frontier, this enemy who never attacked that way-if he ever attacked at all; if he was indeed the enemy.
Most women defend themselves. It is the female of the species-it is the tigress and lioness in you which tends to defend when attacked.
The great virtue of free enterprise is that it forces existing businesses to meet the test of the market continuously, to produce products that meet consumer demands at lowest cost, or else be driven from the market. It is a profit-and-loss system. Naturally, existing businesses generally prefer to keep out competitors in other ways. That is why the business community, despite its rhetoric, has so often been a major enemy of truly free enterprise.
The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.
The argument for collectivism is simple if false; it is an immediate emotional argument. The argument for individualism is subtle and sophisticated; it is an indirect rational argument. And the emotional faculties are more highly developed in most men than the rational, paradoxically or especially even in those who regard themselves as intellectuals.
A free press isn't the enemy of America; it's a big part of why makes America great.
Flaws and all, I believe the free press is our country's most important institution - one I am more than happy to defend. One I did, in fact, defend for 37 years.
This is the marketplace of political ideas. This is how America operates. It's a free market. It's free-wheeling. From the outside, it looks unpredictable. There's a circus-like free market.
The Middle East would always be an important trading partner in just a market sense, like America is a big market for us, Asia is a big market, Europe is a big market. You are going to have hundreds of millions of consumers there, from just a standard market point of view, from a very narrow American point of view.
As far as population size goes, big is no longer important, and it can even be a drawback. In fact, the future belongs more to second-tier cities. Any place can become a world-class center today by finding an area in which it outperforms others, by thinking for the long term, by expanding its competitive abilities and by operating globally.
The law of nature gives a man the right to defend himself when he's attacked. And God's law itself gives a man the right to defend himself when he's attacked.so, peaceful suffering and passive resistance and all of that stuff is all right maybe in India somewhere, where the people in India outnumber the whites - about a million to one.But here in America, when you tell that's like an elephant sitting down on a - on a mouse in India with [Mahatma] Gandhi.
The fact is that those who do not see themselves but who see others, who fail to grasp of themselves but who grasp others, take possession of what others have but fail to possess themselves. they are attracted to what others enjoy but fail to find enjoyment in themselves.
I often have an argument with people. I say name me a classic song that's not sad in some kind of way. And even if you can, you'll have to search pretty far.
Do not be despondent when fighting against the incorporeal enemy, but even in the midst of your afflictions and oppression praise the Lord, Who has found you worthy to suffer for Him, by struggling against the subtlety of the serpent, and to be wounded for Him at every hour; for had you not lived piously, and endeavored to become united to God, the enemy would not have attacked and tormented you.
The argument for the free market is a complicated and sophisticated one and depends on demonstration of secondary effects. I have confidence market efficiency will win out.
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