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.
Tags:
anarcho capitalism, anarchy, ancap, capitalism, coercion, collectivism, communism, democracy, evil, free
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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.