A Quote by Milton Friedman

The combination of economic and political power in the same hands is a sure recipe for tyranny.

Milton Friedman

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Combination Economic Hands Political Political Power Power Recipe Same Sure Tyranny

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Milton Friedman
American - Economist
July 31, 1912 - November 16, 2006

When economic power became concentrated in a few hands, then political power flowed to those possessors and away from the citizens, ultimately resulting in an oligarchy or tyranny.

John Adams

They realize that in thirty-four months we have built up new instruments of public power. In the hands of a peoples Government this power is wholesome and proper. But in the hands of political puppets of an economic autocracy such power would provide shackles for the liberties of the people.

Franklin D. Roosevelt

Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of power. The kind of economic organization that provides economic freedom directly, namely, competitive capitalism, also promotes political freedom because it separates economic power from political power and in this way enables the one to offset the other

Milton Friedman

The political objective of universal capitalism is maximum individual autonomy, the separation of political power wielded by the holders of public office from economic power held by citizens, and the broad diffusion of privately owned economic power.

Louis O. Kelso

The danger from legislative usurpations, which, by assembling all power in the same hands, must lead to the same tyranny as is threatened by executive usurpations.

James Madison

It is economic power that determines political power, and governments become the political functionaries of economic power.

Jose Saramago

The supremacy of Parliament and the embedding of property rights in Common Law put political power in the hands of men anxious to exploit the new economic opportunities and provided the framework for a judicial system to protect and encourage productive economic activity

Douglass North

High levels of economic inequality lead to imbalances in political power, as those at the top use their economic weight to shape our politics in ways that give them more economic power.

Joseph Stiglitz

Science that abdicates its cultural values risks being perceived as an extension of technology, an instrument in the hands of political or economic power. Humanity that disavows science risks falling into the hands of superstition.

Nicola Cabibbo

There is not a more dangerous experiment than to place property in the hands of one class, and political power in those of another... If property cannot retain the political power, the political power will draw after it the property.

Daniel Webster

The rule of God is not tyranny, for it does not partake of a political or governmental character -- it is not a rule of authority. God is not a governor of the universe, for a governor rules over those of a like nature with himself, and exercises a political and judicial power, while God exercises a creative, a preserving, and a determinative power of an altogether different kind. If I am a servant of God, I am under no tyranny; for God does not govern, but supports, sustains, and directs me.

William Batchelder Greene

The cornerstones of this country's operation are economic and political strength and power. The black man doesn't have the economic strength - and it will take time for him to build it. But right now the American black man has the political strength and power to change his destiny overnight.

Malcolm X

I never imagined when I wrote my first book on Strauss that the unscrupulous elite that he elevates would ever come so close to political power, nor that the ominous tyranny of the wise would ever come so close to being realised in the political life of a great nation like the United States. But fear is the greatest ally of tyranny.

Shadia Drury

Capitalism is not about free competitive choices among people who are reasonably equal in their buying and selling of economic power, it is about concentrating capital, concentrating economic power in very few hands using that power to trash everyone who gets in their way.

David Korten

Tyranny is the exercise of some power over a man, which is not warranted by law, or necessary for the public safety. A people can never be deprived of their liberties, while they retain in their own hands, a power sufficient to any other power in the state.

Noah Webster

Many still believe that conducting political and economic reforms at the same time is not an Asian way. But this is a fairy-tale. We broke that old stereotype by reforming our political, economic and social systems concurrently since 1990.

Tsakhiagiin Elbegdorj

A Quote by Milton Friedman

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