Economics/Class Relations

The Welfare State’s Destruction of Faith in Freedom


Private property rights do not conflict with human rights. They are human rights. Private property rights are the rights of humans to use specified goods and to exchange them. Any restraint on private property rights shifts the balance of power from impersonal attributes toward personal attributes and toward behavior that political authorities approve. That is a fundamental reason for preference of a system of strong private property rights: private property rights protect individual liberty.
Armen A. Alchian


October 10, 2023
The Welfare State’s Destruction of Faith in Freedom
As I read about the life and death of billionaire Charles Feeney, I could not help but think what America’s welfare-state way of life has done to destroy many people’s faith in freedom.  According to an article in the New York Times, Feeney was “a pioneer of duty-free shops and and investor in technology start-ups.” He became a billionaire. And …
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