Where There Is No Market

Liberalism And Capitalism Address Themselves To The Cool, Well-balanced Mind. They Proceed By Strict Logic, Eliminating Any Appeal To The Emotions. Socialism, On The Contrary, Works On The Emotions, Tries To Violate Logical Considerations By Rousing A Sense Of Personal Interest And To Stifle The Voice Of Reason By Awakening Primitive Instincts.

Competition On The Market Aims At Assigning To Every Individual That Function In The Social System In Which He Can Render To All His Fellow Men The Most Valuable Of The Services He Is Able To Perform.

If Men Do Not Now Succeed In Abolishing War, Civilization And Mankind Are Doomed.

The Aim Of All Struggles For Liberty Is To Keep In Bounds The Armed Defenders Of Peace, The Governors And Their Constables. The Political Concept Of The Individual's Freedom Means: Freedom From Arbitrary Action On The Part Of The Police Power.

Progress Of Any Kind Is Always At Variance With The Old And Established Ideas And Therefore With The Codes Inspired By Them. Every Step Of Progress Is A Change Involving Heavy Risks.