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Quote from Michael Rothschild,

"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 (more quotes by Michael Rothschild or books by/about Michael Rothschild)

(1942-) American economist, professor


BIONOMICS: Economy as Ecosystem, (1979)


Capitalism, Democracy, Economics, Nature, Prosperity, Socialism, Tyranny


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