MichaelMatulef on Nostr: What our generation has forgotten is that the system of private property is the most ...
What our generation has forgotten is that the system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not. It is only because the control of the means of production is divided among many people acting independently that nobody has complete power over us, that we as individuals can decide what to do with ourselves. If all the means of production were vested in a single hand, whether it be nominally that of "society" as a whole or that of a dictator, whoever exercises this control has complete power over us.
- F.A. Hayek
Published at
2024-07-03 15:51:49Event JSON
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"content": "What our generation has forgotten is that the system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not. It is only because the control of the means of production is divided among many people acting independently that nobody has complete power over us, that we as individuals can decide what to do with ourselves. If all the means of production were vested in a single hand, whether it be nominally that of \"society\" as a whole or that of a dictator, whoever exercises this control has complete power over us.\n\n\n- F.A. Hayek ",
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