Private property and free trade stand on exactly the same footing, both being essential and indivisible parts of liberty, both depending upon rights, which no body of men, whether called governments or anything else, can justly take from the individual.
The same touchy sense of personal honor that is at the root of Achilles' wrath still governs relations between man and man in modern Greece; Greek society still fosters in the individual a fierce sense of his privileges, no matter how small, of his rights, no matter how confined, of his personal worth, no matter how low. And to defend it, he will stop, like Achilles, at nothing.
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The same touchy sense of personal honor that is at the root of Achilles' wrath still governs relations between man and man in modern Greece; Greek society still fosters in the individual a fierce sense of his privileges, no matter how small, of his rights, no matter how confined, of his personal worth, no matter how low. And to defend it, he will stop, like Achilles, at nothing.
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People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.
Clowns to the left of me, jokers to the right, here I am -- not stuck in the middle, but hovering above the entire farcical spectrum, weeping as I behold my fellow man's devotion to political illusion and self-destruction.
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__y the government. (Private individuals__angsters__an 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.
When you consider socialism, do not fool yourself about its nature. Remember that there is no such dichotomy as __uman rights_ versus __roperty rights._ No human rights can exist without property rights.
There can be no socialism without a state, and as long as there is a state there is socialism. The state, then, is the very institution that puts socialism into action; and as socialism rests on aggressive violence directed against innocent victims, aggressive violence is the nature of any state.