Under capitalism each individual engages in economic planning.— George Reisman
The most professional George Reisman quotes that are new and everybody is talking about
The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.
Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.
The slaves of socialism are slaves, but they are no one's property and therefore no one's loss.
The free market exists to promote prosperity and human life, and that is what it has accomplished, splendidly, with breathtaking brilliance. In the industrialized world, the average person today enjoys a standard of living superior to that of kings and emperors of the past. The whole world's population is capable of enjoying the same marvelous results, if it adopts economic freedom.
Under communism (socialism), there is no incentive to supply people with anything they need or want, including safety.
Today, in the Twenty-First Century, an age of jet aircraft, personal computers, wireless telecommunications, laser surgery, and incipient space travel, the mentality with which many presumably educated, intelligent people approach matters of economics and business is, however astonishing it may seem, still that of the Dark Ages.
Global warming is not a threat. But environmentalism's response to it is....Even if global warming is a fact, the free citizens of an industrial civilization will have no great difficulty in coping with it-that is, of course, if their ability to use energy and to produce is not crippled by the environmental movement and by government controls otherwise inspired.
The average American of today is intellectually so far removed from his forbears that instead of regarding government with apprehension, he is more likely to regard it as a virtual parent, concerned only with protecting and helping him