“What it does guarantee is that a monopolist whose high profits are caused by high prices, rather than low costs, will soon meet competition originated by the capital market.”
― Capitalism: The Unknown Ideal
― Capitalism: The Unknown Ideal
“It took centuries of intellectual, philosophical development to achieve political freedom. It was a long struggle, stretching from Aristotle to John Locke to the Founding Fathers. The system they established was not based on unlimited majority rule, but on its opposite: on individual rights, which were not to be alienated by majority vote or minority plotting. The individual was not left at the mercy of his neighbors or his leaders: the Constitutional system of checks and balances was scientifically devised to protect him from both.”
― Capitalism: The Unknown Ideal
― Capitalism: The Unknown Ideal
“Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtues, not of vices.”
― Capitalism: The Unknown Ideal
― Capitalism: The Unknown Ideal
“the penalizing of ability for being ability, the penalizing of success for being success, and the sacrifice of productive genius to the demands of envious mediocrity.”
― Capitalism: The Unknown Ideal
― Capitalism: The Unknown Ideal
“Capitalism was the only system in history where wealth was not acquired by looting, but by production, not by force, but by trade, the only system that stood for man's right to his own mind, to his work, to his life, to his happiness, to himself.”
― Capitalism: The Unknown Ideal
― Capitalism: The Unknown Ideal
Braden’s 2025 Year in Books
Take a look at Braden’s Year in Books, including some fun facts about their reading.
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