Under capitalism each individual engages in economic planning.
More Quotes from George Reisman:
The slaves of socialism are slaves, but they are no one's property and therefore no one's loss.George Reisman
Under communism (socialism), there is no incentive to supply people with anything they need or want, including safety.
George Reisman
Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.
George Reisman
The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.
George Reisman
Like the use of the word 'concupiscence' in an earlier age to describe sexual desire, the use of the word 'pollution' to describe essential aspects of the productive activities of an industrial society represents an attempt to defame an entirely proper human capacity by means of using an evil sounding name for it.
George Reisman
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Because someone stole Gregory Peck's star on Hollywood Blvd., I have hired a Brink's guard to protect my star!
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A noble heart cannot suspect in others the pettiness and malice that it has never felt.
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Every human being is entitled to courtesy and consideration. Constructive criticism is not only to be expected but sought.
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