Sign in with Facebook
George Reisman’s Followers (39)
George Reisman
Genre
More books by George Reisman…
“Liberty should be understood as freedom from the government, specifically, freedom from the initiation of physical force by the government.”
―
―
“Monopoly is a market, or part of a market, reserved to the exclusive possession of one or more sellers by means of the initiation of physical force by the government, or with the sanction of the government. Monopoly exists insofar as the freedom of competition is violated, with the freedom of competition being understood as the absence of the initiation of physical force as the preventive of competition. Where there is no initiation of physical force to violate the freedom of competition, there is no monopoly. The freedom of competition is violated only insofar as individuals are excluded from markets or parts of markets by means of the initiation of physical force. Monopoly is thus a market or part of a market reserved to the exclusive possession of one or more sellers by means of the initiation of physical force. It is thus something imposed upon the market from without—by the government. (Private individuals—gangsters—can initiate force to reserve markets only if the government allows it and thereby sanctions it.)
Thus, monopoly is not something which emerges from the normal operation of the economic system, and which the government must control.”
―
Thus, monopoly is not something which emerges from the normal operation of the economic system, and which the government must control.”
―
“Now I think that a fundamental fact that explains the all-round reign of terror found under socialism is the incredible dilemma in which a socialist state places itself in relation to the masses of its citizens. On the one hand, it assumes full responsibility for the individual’s economic well-being. Russian or Bolshevik-style socialism openly avows this responsibility—this is the main source of its popular appeal. On the other hand, in all of the ways one can imagine, a socialist state makes an unbelievable botch of the job. It makes the individual’s life a nightmare.”
― Why Nazism Was Socialism and Why Socialism Is Totalitarian
― Why Nazism Was Socialism and Why Socialism Is Totalitarian
Is this you? Let us know. If not, help out and invite George to ŷ.
