It is fairly certain that in a planned international system the wealthier and therefore most powerful nations would to a very much greater degree than in a free economy become the object of hatred and envy of the poorer ones. – F.A. Hayek; The Road to Serfdom
Tag Archives: The Road to Serfdom
Quote of the Day – 1/10/2017
By all means let us assist the poorer people as much as we can in their own efforts to build up their lives and to raise their standards of living. An international authority can be very just and contribute enormously to economic prosperity if it merely keeps order and creates conditions in which the people can develop their own life; but it is impossible to be just or to let people live their own life if the central authority doles out raw materials and allocates markets, if every spontaneous effort has to be “approved” and nothing can be done without the sanction of the central authority. – F.A. Hayek; The Road to Serfdom
