We Must Face The Fact That The

Our Freedom Of Choice In A Competitive Society Rests On The Fact That, If One Person Refuses To Satisfy Our Wishes, We Can Turn To Another. But If We Face A Monopolist We Are At His Absolute Mercy. And An Authority Directing The Whole Economic System Of The Country Would Be The Most Powerful Monopolist Conceivable…it Would Have Complete Power To Decide What We Are To Be Given And On What Terms. It Would Not Only Decide What Commodities And Services Were To Be Available And In What Quantities; It Would Be Able To Direct Their Distributions Between Persons To Any Degree It Liked.

Economic Transactions Between National Bodies Who Are At The Same Time The Supreme Judges Of Their Own Behavior, Who Bow To No Superior Law, And Whose Representatives Cannot Be Bound By Any Considerations But The Immediate Interest Of Their Respective Nations, Must End In Clashes Of Power.

He Will Therefore Have To Use What Knowledge He Can Achieve, Not To Shape The Results As The Craftsman Shapes His Handiwork, But Rather To Cultivate A Growth By Providing The Appropriate Environment, In The Manner In Which The Gardener Does This For His Plants.

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.

Nothing Is More Securely Lodged Than The Ignorance Of The Experts.