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Showing posts with the label quotes

Mystery Quote of the Day

Guess who wrote this: One of the odd features of a capitalist system is how socialist it is. Firms interact with customers and other firms through the decentralized machinery of trade. But firms themselves are miniature socialist states, hierarchical organizations controlled, at least in theory, by orders from above. The answer.

Martin Luther King on Henry George

From the Georgist Progress Report website, here is an excerpt from Martin Luther King Jr.'s final book, Where Do We Go From Here? Chaos or Community , in which King supports a guaranteed income rather than conventional welfare programs as the most direct means of dealing with poverty; he includes a quote from Henry George's Progress and Poverty : The fact is that the work which improves the condition of mankind, the work which extends knowledge and increases power and enriches literature, and elevates thought, is not done to secure a living. It is not the work of slaves, driven to their task either by the lash of a master or by animal necessities. It is the work of men who perform it for their own sake, and not that they may get more to eat or drink, or wear, or display. In a state of society where want is abolished, work of this sort could be enormously increased. Aside from the question of work motivation, the point is that levels on inequality or equality income levels tra...

Thorstein Veblen and The Icelandic Commonwealth

The first of two quick notes on my recent stuff elsewhere on the web: Here's Thorstein Veblen's description of the Icelandic Commonwealth , from his book An Inquiry Into The Nature Of Peace And The Terms Of Its Perpetuation as existing in a quasi-anarchist form, where the government lacked most of the usual functions, such as defense, and coercive power. I sent this passage (which I discovered while proofreading the book in Distributed Proofreaders ) in to Roderick T. Long , who had written about Iceland in a similar vein here and here ; he hadn't seen it, and neither had David Friedman (the other libertarian most well-known for seeing Iceland as a model of anarchy).

Guess the mystery Georgist

Guess who wrote the following: For the better part of a decade, I taught dozens of students ... the basics of Georgist economics, drawn for the most part from his classic Progress and Poverty .... As George explains, most taxes are fundamentally unfair, yet the least objectionable is the LVT . Taxes are problematic, as they are a burden on production, increasing its costs. The answer. (inspired by this )

John Holt on Milton Friedman

When and to what degree should we citizens be allowed to protect ourselves against the crooked and incompetent, to decide what we will buy or use, or who we will work with, and when should we be protected whether we ask to be or not, and if so how, and by whom? Beyond that, is our present system of giving licenses through S-chools a good way, or the best way, or the only way of doing this? I think it is none of these. Too often the protectors don't protect, but turn themselves into a new conspiracy to exploit and defraud the public. We could probably protect ourselves quite well against many (but not all) dangers, if we were not early in life made into expert-worshippers, and if we could easily find out the truth about the dangers. Thus, the conservative economist Milton Friedman has said that even medical doctors should not be licensed. If someone thinks he can heal others, let him say so, and get what clients he can. But require him to make open to everyone both his method...

Oscar Wilde on pain, pleasure and Christianity

A passage which deserves to be better known, from Oscar Wilde's famous essay The Soul of Man Under Socialism : Shallow speakers and shallow thinkers in pulpits and on platforms often talk about the world's worship of pleasure, and whine against it. But it is rarely in the world's history that its ideal has been one of joy and beauty. The worship of pain has far more often dominated the world. Mediaevalism, with its saints and martyrs, its love of self-torture, its wild passion for wounding itself, its gashing with knives, and its whipping with rods – Mediaevalism is real Christianity, and the mediaeval Christ is the real Christ. When the Renaissance dawned upon the world, and brought with it the new ideals of the beauty of life and the joy of living, men could not understand Christ. Even Art shows us that. The painters of the Renaissance drew Christ as a little boy playing with another boy in a palace or a garden, or lying back in His mother's arms, smiling at her, ...