Lawrence W. Reed Quote

My take on socialism is this: Socialism only seems to work when you don't fully implement it, when you keep enough capitalism around to pay socialism's bills, at least for a time. It's the difference between milking the cow and killing it. Socialism has no theory of wealth creation; it's just a destructive, envy-driven fantasy about redistributing it after something else (and somebody else) creates it first.

Lawrence W. Reed

My take on socialism is this: Socialism only seems to work when you don't fully implement it, when you keep enough capitalism around to pay socialism's bills, at least for a time. It's the difference between milking the cow and killing it. Socialism has no theory of wealth creation; it's just a destructive, envy-driven fantasy about redistributing it after something else (and somebody else) creates it first.

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About Lawrence W. Reed

Lawrence "Larry" W. Reed (born September 29, 1953), also known as Larry Reed, is president emeritus of the Foundation for Economic Education (FEE), where he has served as the Humphreys Family Senior Fellow since May 2019. Before joining FEE, Reed served as president of the Mackinac Center for Public Policy, a Midland, Michigan-based free-market think tank. To date, he remains Mackinac's president emeritus.
Steve Forbes interviewed Lawrence W. Reed, they discussed his book Was Jesus a Socialist?, Reed arguing that Jesus's teachings do not align with socialism. such as the Parable of the Workers in the Vineyard, support voluntary contracts and private property, not socialism. Reed emphasizes that Jesus valued personal choice and charity, rejecting forced redistribution and aligning with free-market principles.
Reed launched the Telugu translation of Leonard E. Read's 1958 essay I, Pencil, the first translation of Leonard's work in the Asian subcontinent. I, Pencil was translated by Raghavendar Askani of the Swatantrata Center, Youth Parliament Program. Reed has commented on the advancement of liberal thought in India, highlighting the novel Vihangam by Gangaraju Gunnam, a noted Indian film producer and screenwriter. Reed described Vihangam as akin to an Indian version of Ayn Rand’s Atlas Shrugged, emphasizing its alignment with free-market and individualist principles.