The Power To Do Good Is Also

When You Have A Time Of Crisis What Happens Depends On What Ideas Are Floating Around, And What Ideas Have Been Developed, And Thought Through, And Are Made Effective.

What Most People Really Object To When They Object To A Free Market Is That It Is So Hard For Them To Shape It To Their Own Will. The Market Gives People What The People Want Instead Of What Other People Think They Ought To Want. At The Bottom Of Many Criticisms Of The Market Economy Is Really Lack Of Belief In Freedom Itself.

Corruption Is Government Intrusion Into Market Efficiencies In The Form Of Regulations.

Doing Good With Other People's Money Has Two Basic Flaws. In The First Place, You Never Spend Anybody Else's Money As Carefully As You Spend Your Own. So A Large Fraction Of That Money Is Inevitably Wasted. In The Second Place, And Equally Important, You Cannot Do Good With Other People's Money Unless You First Get The Money Away From Them. So That Force - Sending A Policeman To Take The Money From Somebody's Pocket - Is Fundamentally At The Basis Of The Philosophy Of The Welfare State.

The Same Thing Will Happen In China That Happened In Chile. Political Freedom Will Ultimately Break Out Of Its Shackles. Tiananmen Square Was Only The First Episode. It Is Headed For A Series Of Tiananmen Squares. It Cannot Continue To Develop Privately And At The Same Time Maintain Its Authoritarian Character Politically. It Is Headed For A Clash. Sooner Or Later, One Or The Other Will Give.