Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question.
Nada es tan desalentador como un esclavo satisfecho.
There is no difference between the principles, policies and practical results of socialism-and those of any historical or prehistorical tyranny. Socialism is merely democratic absolute monarchy-that is, a system of absolutism without a fixed head, open to seizure of power by all corners, by any ruthless climber, opportunist, adventurer, demagogue or thug.
For the etatist, money is a creature of the State, and the esteem in which money is held is the economic expression of the respect or prestige enjoyed by the State. The more powerful and the richer the State, the better its money. Thus, during the War, it was asserted that ‘the monetary standard of the victors’ would ultimately be the best money. Yet victory and defeat on the battlefield can exercise only an indirect influence on the value of money.
The emotional pattern seems to be something like, “[Karl] Polanyi, a person of the left like me, says many true things, beautifully. Therefore his tales about what happened in economic history must be true.
All we’ve got left to protect here is a system that’s set up to promote the meanest possibilities in human nature and make them look good.
We live in capitalism. Its power seems inescapable. So did the divine right of kings. Any human power can be resisted and changed by human beings. Resistance and change often begin in art, and very often in our art, the art of words.
If an eagle be imprisoned
on the back of a coin,
and the coin tossed
into the sky,
the coin will spin,
the coin will flutter,
but the eagle will never fly.
One who criticises capitalism while approving of immigration, of which the working class is its first victim, would do better to remain silent. One who criticises immigration while remaining silent regarding capitalism should do the same.
Capitalism puts things (capital) higher than life (labor). Power follows from possession, not from activity.