It Is Also True That The Less

Through The Inevitable Mismanagement Of Resources And Goods At The Disposal Of The State, All Forms Of Collectivism Lead Eventually To Tyranny.

At A Time When Most Movements That Are Thought To Be Progressive Advocate Further Encroachments On Individual Liberty, Those Who Cherish Freedom Are Likely To Expend Their Energies In Opposition. In This They Find Themselves Much Of The Time On The Same Side As Those Who Habitually Resist Change.

Capitalism Is Not Only A Better Form Of Organizing Human Activity Than Any Deliberate Design, Any Attempt To Organize It To Satisfy Particular Preferences, To Aim At What People Regard As Beautiful Or Pleasant Order, But It Is Also The Indispensable Condition For Just Keeping That Population Alive Which Exists Already In The World. I Regard The Preservation Of What Is Known As The Capitalist System, Of The System Of Free Markets And The Private Ownership Of The Means Of Production, As An Essential Condition Of The Very Survival Of Mankind.

Perhaps Even More Than Elsewhere Current Notions Of What Is Desirable And Practicable Are Here Still Of A Kind Which May Well Produce The Opposite Of What They Promise.

[t]hose Who Are Willing To Surrender Their Freedom For Security Have Always Demanded That If They Give Up Their Full Freedom It Should Also Be Taken From Those Not Prepared To Do So.