"Fortunately, political freedom and economic progress are natural partners.
Despite capitalism's lingering reputation as the source of all the world's evils,
the fact remains that every single democracy is a capitalist country.
Half a century of economic experimentation proved beyond doubt that tyranny cannot yield prosperity. ...
Socialism collapsed because it is a policy of unrestrained intervention.
It tries to fix what is 'wrong' with the spontaneous, self-organizaing phenomenon called capitalism.
But, of course, a natural process cannot be 'fixed.' ...
Socialism is an ideology. Capitalism is a natural phenomenon."
Michael Rothschild
(1942-) American economist, professor
BIONOMICS: Economy as Ecosystem, (1979)
Bookmark and Share  
Reader comments about this quote:
Except for "every single democracy is a capitalist country" the statement is accurate (democracy is mob rule while capitalism is based on individual right). Socialism's religious ideology is antithetical to natural law
 -- Mike, Norwalk     
  • 2
    I remember Jimmy Carter tampering with the natural law of economics and we all remember the result.
     -- cal, lewisville, tx     
    Wow! An obvious truth stated quite plainly...and from a "Rothschild". Wow! They're still the world's most sophisticated criminals, but hat's off to Michael Rothschild for his rare moment of honesty.
     -- J Carlton, Calgary     
  • 1
    Socialism fails because the takers eventually out number the earners.
     -- jim k, Austin, Tx     
  • 1
    If you rob Peter to pay Paul you will always get Paul's support and his vote. Let's hope the Pauls don't out number the Peters in November.
     -- jim k, Austin, Tx     
  • 1
    "Democracy is the road to socialism" -- Karl Marx. Capitalism and democracy are only compatible when democracy is limited by the rights to one's life, liberty, and property. Mob rule always ends up voting to steal, kill, and oppress others.
     -- E Archer, NYC     
  • 1
     -- Ronw13, OR      
    "Political freedom and economic progress", Does not equate Economic Liberty for the individual sovereign. without economic liberty for the individual sovereign there is no political freedom. 
     -- Ronw13, OR     
  • 1
    Our republic is not a de-mob-ocracy.  More info: http://www.diffen.com/difference/Democracy_vs_Republic

     -- Durham, Birmingham, AL     
    Rate this quote!
    How many stars?

    What do YOU think?
    Your name:
    Your town:

    More Quotations
    Get a Quote-A-Day! Free!
    Liberty Quotes sent to your mail box.
    RSS Subscribe
    Quotes & Quotations - Send This Quote to a Friend

    © 1998-2023 Liberty-Tree.ca