|
Founder of Modern Economics
Agree
Every system which [rewards an] industry a greater share of the capital of the society than what would naturally go to it, or [forces an] industry some share of the capital which would otherwise be employed in it, is in reality subversive of the great purpose which it means to promote. It retards, instead of accelerating, the progress of the society towards real wealth and greatness; and diminishes, instead of increasing, the real value of the annual produce of its land and labour.
Iconic Economist of 20th Century
Agree
...is there some society you know that doesn't run on greed? You think Russia doesn't run on greed?. ... What is greed? Of course none of us are greedy; it's only the other fellow who's greedy. The world runs on individuals pursuing their separate interests. ...the only cases in which the masses have escaped from ... grinding poverty ... are the cases where they have had capitalism and free trade. ...If you want to know where they're worst off it's the kind of societies that depart from that.
|