"Wealth,
when you get right down to it, is not the
cause of poverty." -- Mitchell B.
Pearlstein, paraphrasing George Gilder
"Ultimately it is only wealth that can
reduce poverty." --
Thomas Sowell
"If we want the
whole world to be rich, we need to start
loving wealth. In
the difference between poverty and
plenty, the problem is the poverty
and not the difference. Wealth is
good. ... wealth is not a
world-wide round-robin of purse
snatching, and ... the thing that
makes you rich doesn't make me
poor. ... Without
Productivity, there wouldn't be
any economics, or any economic
thinking, good or bad, or any
pizza, or anything else. We
would sit around and stare at
rocks, and maybe later have some
for dinner. ... Wealth is based on
productivity, and productivity is
expandable. In fact,
productivity is fabulously
expandable."-- P.J. O'Rourke in
Eat the Rich
(Again)
"Wealth
is
based on productivity, and
productivity is
expandable. In fact,
productivity is fabulously
expandable." --
P.J. O'Rourke in Eat the Rich
"of the vast
increase in the well-being of
hundreds of millions of people
that has occurred in the
200-year course of the
industrial revolution to date,
virtually none of it can be
attributed to the direct
redistribution of resources from
rich to poor. The
potential for improving the
lives of poor people by
finding different ways of
distributing current
production is nothing compared
to the apparently limitless
potential of increasing
production." --Robert Lucas
|
| "...evidence
abounds that the fundamental
cause of Third World poverty is
not First World greed ... it is
the economic, political and
social obstacles
that developing nations
themselves raise to progress by
their aspiring poor." -- Katherine
Kersten in the Minnesota Star Tribune,March
20,
1996
"The trade
barriers at the borders of
the rich world may have
disappeared, but if [a
banana picker in the Central
African Republic] wants to
sell his bananas abroad he
first has to get them onto a
ship bound for America or
Europe. That takes 116 days,
and an incredible 38
signatures -- each one an
opportunity for some
official to collect a
bribe." -- Tim Harford,
The New York Times
"Despite
the head-shaking of the foes of
free trade, it does seem that
the ability to actually sell
one's stuff would constitute an
immediate improvement in one's
economic prospects." -- David M. Brown
|
| "When government
will expropriate any wealth that
people create, the present value
of future output can actually be
less than the value of the
country's tangible resources. The
power of predatory government to
destroy wealth is truly awesome."
-- Arnold Kling |
| THE
JUSTICE OF INCOME
INEQUALITY UNDER
CAPITALISM |
"Look around: It
just isn't true that countries get rich
at each other's expense.Would America be better off
now if Europe and Japan had stayed
poor after 1945? Did its jobs migrate,
its economy stagnate, leaving rising
poverty and chronic unemployment? Not
exactly: America thrived. One of the
things that helped it after 1945 was
expanding opportunities for trade with
other rich countries. Americans would
be worse off today if Europe and Japan
had stayed poor. What's changed? Why
isn't this still true? In my view:
Nothing; it's still true. The faster
India grows, the better off every
other country will be... I do not regard
the prospect of global capitalism as
'harrowing.' I regard it as the
best opportunity for relieving human
misery the world has ever seen." -- Clive
Crook, deputy editor of The
Economist,in
the February 25th, 1997 issue of Slate, in
a letter to John Judis
"I
observed the talks and was shocked
not only by the riotous atmosphere,
but also by the protesters'
misconceptions about trade, the WTO
and the developing world. As an
Indian national, I
know only too well how lack of
trade, investment and freedom
keeps the world's developing
nations in a state of perpetual
poverty and environmental
degradation. Sadly,
the largely middle-class Americans
who trashed Seattle last week had
little if any comprehension of this
fact." --
Barun
Mitra, in a column in the Wall
Street
Journal 12-9-99.
Mitra
heads the The Liberty Institute,
in New Delhi, India
"The
'progressive' Left, even while
wailing about international poverty,
has long decried the Westernization
of the 'developing
world', the polite term for societies kept poor
by socialist governments."
-- from The Free Market
Means Civilization
by
Lew Rockwell, President of the Ludwig
von Mises Institute, originally
published in Spintechmag.com,12-22-2000.
"Fortunately, political freedom and
economic progress are natural
partners. Despite capitalism's
lingering reputation as the source
of all the world's evils, the fact
remains that every single democracy
is a capitalist country. Half
a century of economic
experimentation proved beyond doubt
that tyranny cannot yield
prosperity. ... Socialism collapsed
because it is a policy of
unrestrained intervention. It
tries to fix what is 'wrong' with
the spontaneous, self-organizing
phenomenon called capitalism.
But, of course, a natural process
cannot be 'fixed.' ... Socialism
is an ideology. Capitalism is a
natural phenomenon."
-- Michael
Rothschild
in BIONOMICS: Economy as
Ecosystem
"Capitalism
is not an 'ism.' It is closer to
being the opposite of an 'ism,'
because it is simply the freedom of
ordinary people to make whatever
economic transactions they can
mutually agree to." -- Dr.
Thomas Sowell
"Not understanding the process
of a spontaneously-ordered
economy goes hand-in-hand with not
understanding the creation of resources
and wealth." -- Julian Simon
"The market is not
an invention of capitalism. It
has existed for centuries. It
is an invention of civilization." -- Mikhail
Gorbachev,
June 8, 1990
"How a conflict-ridden, grossly
over-populated place with no
resources whatsoever gets rich is
simple. The British colonial
government turned Hong Kong into an
economic miracle by doing nothing."
-- P.J.
O'Rourke in Eat the Rich
"In terms of
natural resources, Africa is the
world's richest continent. It has
50 percent of the world's gold,
most of the world's diamonds and
chromium, 90 percent of the
cobalt, 40 percent of the world's
potential hydroelectric power, 65
percent of the manganese, millions
of acres of untilled farmland as
well as other natural
resources. Despite the
natural wealth, Africa is home to
the world's most impoverished and
abused people. Of the 41 black
African nations, only three
(Senegal, Botswana and Mauritius)
allow their people the right to
vote and choose their own leaders.
Only two (Botswana and Senegal)
permit freedom of expression and
criticism of government policies.
In countries like Uganda, Rwanda,
Burundi, Mozambique, Sudan, Chad
and others, ethnic genocide has
taken the lives of untold millions
of innocent victims. Slavery is
still practiced in the Sudan and
Mauritania." -- Dr. Walter E.
Williams
"Another current
catch-phrase is the complaint that the
nations of the world are divided into
'haves' and the 'have-nots.'
Observe that the 'haves' are those who
have freedom, and that it is freedom
that the 'have-nots' have not."
-- Ayn
Rand
"What transformed the world
of horse-drawn carriages, sailing
ships, and windmills step by step
into a world of airplanes and
electronics was the laissez-faire
principle." -- Ludwig von Mises in The Ultimate
Foundation of Economic Science
"Capitalism
is not just a system for producing
wealth. It is, above all else, a system
based on the noblest moral principle:
the protection of the individual's right
to life, liberty, and the pursuit of
happiness. Free markets are founded on
the individual's right to pursue a
career, trade the products of his
effort, and enjoy the wealth he has
earned without having to seek permission
from others or pay ransom for the
privilege of living." --Robert W. Tracinski
"For years,
statist development experts had
sought top-down solutions,
operating under the implicit
assumption that poor people in the
Third World were largely incapable
of entrepreneurship. De Soto
utterly rejected that patronizing
viewpoint, and, beginning in his
native Peru, focused on the lack
of formal property rights as the
source of poverty in poor
countries." --Gene Healy
"The poor of
India are far better off than they
would have been if India’s economic
liberalisation had not taken place,
and there are far less of them than
there would have been. This is not
because they have died of starvation,
but because of ... 'the explosive
growth of the middle class'. Free
markets aren’t magic, and past
inequities don’t disappear as soon as
the economy is opened up, but they are
better than any alternative. ... One
of the most pernicious myths of the
last two centuries is of the unequal
gains from capitalism. A landmark
study titled 'Growth Is Good for the
Poor', by David Dollar and Aart Kraay,
surveys available economic information
from 137 countries, over four decades,
and demolishes the myth of the
'trickle-down effect'. In an open
economy, wealth does not trickle down
gradually from the rich to the poor
simultaneously. Instead, 'incomes of
the poor rise proportionately with
average incomes'. Read the full
report..." -- Amit Varma
"Socialism
is an ideology. Capitalism is a natural
phenomenon." -- Michael
Rothschild
"Any stray mediocrity
rushes into print with plans to control
the production of mankind -- and ... no
one questions his right to enforce his
plans by means of a gun."
-- Ayn Rand, Atlas Shrugged
"Cuba's poverty is
caused by the crackpot Marxist doctrines
imposed by its sociopathic ruler and
promoted by half the liberal arts professors
on American faculties." -- David
Horowitz
.
"Bad and
discredited ideas, it seems, never
die. Neither do they fade
away. Instead, they keep turning
up, like bad pennies or Godzilla in
the old Japanese movies."
-- Murray
N. Rothbard
.
"One
of the most important reasons for
studying history is that virtually
every stupid idea that is in vogue
today has been tried before and
proved disastrous before, time and
again." -- Dr. Thomas Sowell
.
"There is no error so
monstrous that it fails to find defenders
among the ablest men." -- Prof. John E. E.
D. Acton
.
"The study of history is a
powerful antidote to contemporary
arrogance. It is humbling to discover how
many of our glib assumptions, which seem
to us noble and plausible, have been
tested before, not once but many times and
in innumerable guises; and discovered to
be, at great human cost, wholly false."
-- Celebrated Historian Paul Johnson
.
"Those who cannot remember
the past are condemned to repeat it." ~
George Santayana, The Life of Reason,
1906
.
"When Western countries
in the past were as poor as Third World
countries are today, these Western
countries nevertheless had one big
advantage: There was no large and influential
class of the intelligentsia to
impede their progress with
unsubstantiated theories and
counterproductive propaganda." -- Dr. Thomas Sowell
"Incessant
preoccupation with statistical
disparities is one of the luxuries of
an affluent and sheltered life.
Do not expect someone who has ever had
to go hungry to get upset because some
people can only afford pizza while
others can afford caviar." -- Dr.
Thomas Sowell (who began life hungry)
.
"It is no crime to be
ignorant of economics,
which is, after all, a specialized
discipline and one that most people consider
to be a 'dismal science.' But it is totally
irresponsible to have a loud and vociferous
opinion on economic subjects while remaining
in this state of ignorance."-- Murray
N. Rothbard
.
"Our supplies of natural
resources are not finite in any economic
sense. Nor does past experience give reason
to expect natural resources to become more
scarce. Rather, if history is any guide,
natural resources will progressively become
less costly, hence less scarce, and will
constitute a smaller proportion of our
expenses in future years." -- Julian Simon
.
"It is your mind that matters
economically, as much or more than your
mouth or hands. In the long run, the most
important economic effect of population size
and growth is the contribution of additional
people to our stock of useful knowledge. And
this contribution is large enough in the
long run to overcome all the costs of
population growth." -- Julian Simon
.
"Wealth
may provoke envy, but it seldom
provokes the truly venomous levels of
resentment provoked by achievement.
There is no surer way for a minority
group to become hated than to enter a
country as destitute immigrants and
then, through long hours of hard work,
rise to a level of prosperity above
that of the indigenous population."
-- Dr. Thomas Sowell
.
"Those who say that all cultures are
equal never explain why the results of
those cultures are so grossly
unequal." -- Dr. Thomas Sowell
"Arnold writes:
'If you think that culture matters
but institutions do not, look at
North and South Korea. If you
think that culture does not matter
at all, look at differences among
different ethnic groups within
countries.'
"South Korea/North
Korea per capita income ratio: 14.[14 to 1] (Source:
CIA World Factbook)
"American
Asian/American black average
household income ratio: 1.9.[1.9 to 1] (Source:
U.S. Census)
"From a global
standpoint, it sure looks like
economic policy (a term I prefer to
the vague 'institutions') matters a
lot more than culture." -- Bryan Caplan
See:
"where the mainstream development
economists' writings drip with
condescension for the apparently
helpless poor, Bauer's words glow
with good will and respect. The
inhabitants of the developing world
are people, he reminded us. They
need freedom too." HERE.
-
"The idea that foreign aid is a route out
of poverty and political instability is not
only bankrupted but a cruel and evil hoax as
well." -- Dr. Walter E. Williams
"Foreign aid
might be defined as a transfer from
poor people in rich countries to rich
people in poor countries." -- Douglas
Casey
| "If
concern for human
poverty and suffering were
one's primary motive, one
would seek to discover their
cause. One would not
fail to ask : Why did some
nations develop, while
others did not? Why
have some nations achieved
material abundance, while
others have remained
stagnant in sub-human
misery? History and
specifically the
unprecedented
prosperity-explosion of the
19th century would give an
immediate answer :
capitalism is the only
system that enables men to
produce abundance - and the
key to capitalism is
individual freedom."
-- Ayn Rand, "Requiem
for Man", Chapter 24 of Capitalism:
The Unknown Ideal |
| "The benefits of
securing the freedom to create
wealth are significant -- especially
for the poor. 'In nations in the
top fifth of economic freedom, the
average income of the poorest 10
percent of the population was
$6,877 compared to just $823 in
the least free nations,' according
to the 2004 Economic
Freedom Report, which
ranks 123 countries on such policies
as taxation, property-rights
protection, and freedom to trade
internationally. The report also
shows that poor countries that
embrace economic freedom accumulate
wealth faster: From 1980 to
2000 poor countries whose economies
were relatively free of government
interference had economic growth
rates of 5.2 percent per year,
compared to 3.4 percent for all
economically free countries." -- Gabriel Gasave |
http://freedomkeys.com/gap.htm
"Western civilization was the child and
product of reason -- via ancient
Greece. In all other civilizations,
reason has always been the menial servant --
the handmaiden -- of mysticism. You
may observe the results. It is only
Western culture that has ever been dominated
-- imperfectly, incompletely, precariously
and at rare intervals -- but still,
dominated by reason. You may observe
the results of that." -- Ayn Rand
.
"Today, in the Twenty-First
Century, an age of jet aircraft, personal
computers, wireless telecommunications,
laser surgery, and incipient space travel,
the mentality with which many presumably
educated, intelligent people approach
matters of economics and business is,
however astonishing it may seem, still that
of the Dark Ages."-- George Reisman
.
"Most Americans living below
the official poverty line have air
conditioning, microwaves and VCRs. About
half have a car or truck. Moreover, most of
the people in the bottom 20 percent of the
income distribution in 1975 have also been
in the top 20 percent at some point since
then. ... People who are genuinely poor all
their lives still exist, but only about 3
percent of the American population remains
in the bottom 20 percent for as long as a
decade." -- Dr. Thomas Sowell
.
"Not understanding the process of a
spontaneously-ordered economy
goes hand-in-hand with not understanding the
creation of resources and wealth." -- Julian Simon
.
"America's abundance was
not created by public sacrifices to the
common good, but by the productive genius of
free men who pursued their own personal
interests and the making of their own
private fortunes." -- Ayn Rand
"Scratch the surface of
an endemic problem -- famine, illness,
poverty -- and you invariably find a
politician at the source."-- Simon
Carr, in his
review of The Mystery of Capital
by Hernando de Soto
"You can bet the
rent money that whatever politicians
do will end up harming consumers.
Economic ignorance is to politicians
what idle hands are to the
devil. Both provide the workshop
for the creation of evil." -- Walter E. Williams
“A society that puts equality before freedom
will get neither. A society that puts
freedom before equality will get a high
degree of both.” -- Milton Friedman.
"From the fact that people are
very different it follows that, if we treat
them equally, the result must be inequality
in their actual position, and that the only
way to place them in an equal position would
be to treat them differently. Equality
before the law and material equality are
therefore not only different but are in
conflict with each other; and we can achieve
either one or the other, but not both at the
same time." -- F. A. Hayek
.
"If
welfare and equality are to be primary
aims of law, some people must
necessarily possess a greater power of
coercion in order to force
redistribution of material goods.
Political power alone should be equal
among human beings; yet, striving for
other kinds of equality absolutely
requires political inequality."
-- Tibor
R. Machan in Private
Rights
and Public Illusions
.
"There is all the difference
in the world between treating people equally
and attempting to make them equal." -- F.A.
Hayek
"Here
is a truism about the wealth of
nations: Zero-sum games do not
increase it. Historically, the
welfare of the poor
always--always--depends on putting
people in a position where their
best shot at prosperity is to find
a way of making other people
better off. The key to long-run
welfare never has been and never
will be a matter of making sure
the game’s best players lose." --
David Schmidtz
.
"...the
question becomes, are you going to
have everyone play by the same rules,
or are you going to try to rectify the
shortcomings, errors and failures of
the entire cosmos? Because those
things are wholly incompatible. If
you're going to have people play by
the same rules, that can be enforced
with a minimum amount of interference
with people's freedom. But if you're
going to try to make the entire cosmos
right and just, somebody has got to
have an awful lot of power to impose
what they think is right on an awful
lot of other people. What we've seen,
particularly in the 20th century, is
that putting that much power in
anyone's hands is enormously
dangerous." -- Thomas Sowell, in an interview in Salon11-10-99
.
"The idea that 'the public
interest' supersedes private interests and
rights can have but one meaning: that the
interests and rights of some individuals
take precedence over the interests and
rights of others." -- Ayn Rand
.
"So many
idealistic political movements for a
better world have ended in
mass-murdering dictatorships. Giving
leaders enough power to create 'social
justice' is giving them enough power to
destroy all justice, all freedom, and
all human dignity." -- Thomas Sowell
.
"Anything other than free
enterprise always means a society of
compulsion and lower living standards,
and any form of socialism strictly
enforced means dictatorship and the
total state. That this statement
is still widely disputed only
illustrates the degree to which
malignant fantasy can capture the
imagination of intellectuals." -- Lew Rockwell
.
"I consider socialism an
obscene ideology, doomed to end in either
total self destruction or total
dictatorship." -- Pamela Hemelrijk, Leiden,
Holland, April 3, 2004.04.16
Professor R. J. Rummel, who keeps track of
such things, now estimates that in the 20th
century 262,000,000 people were murdered by
their own governments. And all these
horrors were perpetrated by collectivist
governments for the alleged sake of "the
proletariat," the "master race," and
especially, "the greater good." None were
done by countries based on
individualism. See: http://tinyurl.com/RJRummel
"All socialism
involves slavery." -- Herbert Spencer
"Many Western journalists, in
contrast to revolutionaries, do not treat
ideas seriously, and therefore fail to
recognize the power of ideas in action.
They don't realize that chaos and
brutality must accompany a determined
effort to implement ... thorough-going
socialism." -- Prof.
Morgan
O. Reynolds
.
"There is no error so monstrous
that it fails to find defenders among the
ablest men." -- Prof. John E. E. D.
Acton
.
"The
secret dread of modern intellectuals,
liberals and conservatives alike, the
unadmitted terror at the root of their
anxiety, which all of their current
irrationalities are intended to stave
off and to disguise, is the unstated
knowledge that Soviet Russia [was] the
full, actual, literal, consistent
embodiment of the morality of altruism,
that Stalin did not corrupt a noble
ideal, that this [total control of all
human activity and the brutalizing and
murder of millions of citizens] is the
only way altruism has to be or can ever
be practiced." -- Ayn
Rand
.
"The
Nazis are well remembered for
murdering well over 11 million people
in the implementation of their slogan,
'The public good before the private
good,' the Chinese Communists
for murdering 62 million people in the
implementation of theirs, 'Serve
the people,' and the Soviet
Communists for murdering more than 60
million people in the implementation
of Karl Marx's slogan, 'from each
according to his ability, to each
according to his need.' "
-- Rick
Gaber
"No amount of IMF, World
Bank and other handout interventions can
bring prosperity to repressive nations."
-- Walter Williams, here
.
"Scratch the surface of an
endemic problem -- famine, illness, poverty
-- and you invariably find a politician at
the source."-- Simon Carr, in his
review of The Mystery of Capital
by Hernando de Soto
"You can bet the rent
money that whatever politicians do
will end up harming consumers. ...
Economic ignorance is to politicians
what idle hands are to the
devil. Both provide the
workshop for the creation of evil."
-- Walter E. Williams
.
"When
will the world wake up and realize
that most politicians, especially in
the poorest countries of the world,
are nothing more than glorified
gangsters who view government as
simply a fiercely-guarded monopoly
on every form of compulsion and
extortion to be perpetrated in a
specific geographical area?
Why do you think the largest amounts
of 'foreign aid' extracted from the
gullible diplomats of wealthier
countries wind up in those
politicians' pockets or Swiss bank
accounts, despite all the
virtuous-sounding rhetoric?" -- Bert
Rand
.
"How a
peaceful, uncrowded place with ample
wherewithal stays poor is hard to
explain. How a conflict-ridden,
grossly over-populated place with no
resources whatsoever gets rich is
simple. The British colonial
government turned Hong Kong into an
economic miracle by doing
nothing."-- P.J. O'Rourke in Eat the Rich
.
"This
government never furthered any
enterprise but by the alacrity with
which it got out of its way."
-- Henry
David Thoreau in his essay, "Civil
Disobedience"
.
"I
own I am not a friend to a very
energetic government. It is always
oppressive." -- Thomas
Jefferson to James Madison, 12/20/1787
.
"The
trick, of course, is that doing
nothing in the public policy world
allows much more to be done in the
real world." -- Thomas
Hazlett in the March, 1997 issue of Reason
.
"Government does not
cause affluence. Citizens of
totalitarian countries have plenty of
government and nothing of anything
else." -- P.J. O’Rourke
.
"The
only justifiable purpose of political
institutions is to assure the
unhindered development of the
individual." -- Albert
Einstein
.
"One
of the sad signs of our times is that
we have demonized those who produce,
subsidized those who refuse to
produce, and canonized those who
complain." -- Dr. Thomas Sowell
.
"Many
Western
journalists, in contrast to
revolutionaries, do not treat ideas
seriously, and therefore fail to
recognize the power of ideas in action.
They don't realize that chaos and
brutality must accompany a determined
effort to implement ... thorough-going
socialism." -- Prof. Morgan O. Reynolds
"No 'middle class' worth the name
aspires to economic benefits without
bothering to acquire the skills to produce
the wealth to make those benefits
sustainable." -- Holman Jenkins
.
"To
embrace a collectivist
system ... and thereby jeopardize
sustained economic growth, inevitably
misallocate scarce resources, and almost
necessarily perpetuate destitution,
hardly merits moral acclaim. Indeed,
intellectuals in general and church
leaders in particular who bewail the
continued existence of poverty
absolutely defined, and who state that
they yearn for a world in which the
hungry are fed, the naked clothed, and
the destitute housed, yet who
ceaselessly undermine the very system
which, to date, has best done what they
claim to value most, are, surely, moral
imbeciles." -- The Reverend
Doctor John K. Williams
"Capitalism
is
not an 'ism.' It is closer to being
the opposite of an 'ism,' because it
is simply the freedom of ordinary
people to make whatever economic
transactions they can mutually agree
to." -- Dr.Thomas Sowell
"Socialism
in general has a record of failure
so blatant that only an
intellectual could ignore or evade
it."
-- Thomas
Sowell
"Anything
other than free enterprise always means
a society of compulsion and lower living
standards, and any form of socialism
strictly enforced means dictatorship and
the total state. That this
statement is still widely disputed only
illustrates the degree to which
malignant fantasy can capture the
imagination of intellectuals." -- Lew Rockwell
|