![]() When government pays its employees higher wages, those higher wages are at the expense of the taxpayer. “When unions get higher wages for their members by restricting entry into an occupation, those higher wages are at the expense of other workers who find their opportunities reduced. So that the record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.” ![]() If you want to know where the masses are worse off, worst off, it’s exactly in the kinds of societies that depart from that. In the only cases in which the masses have escaped from the kind of grinding poverty you’re talking about, the only cases in recorded history, are where they have had capitalism and largely free trade. Henry Ford didn’t revolutionize the automobile industry that way. Einstein didn’t construct his theory under order from a bureaucrat. ![]() The great achievements of civilization have not come from government bureaus. The world runs on individuals pursuing their separate interests. ![]() “Well first of all, tell me: Is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed? What is greed? Of course, none of us are greedy, it’s only the other fellow who’s greedy. ![]()
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