It is precisely those things which belong to "the people" which have historically been despoiled- wild creatures, the air, and waterways being notable examples. This goes to the heart of why property rights are socially important in the first place. Property rights mean self-interested monitors. No owned creatures are in danger of extinction. No owned forests are in danger of being leveled. No one kills the goose that lays the golden egg when it is his goose.
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China has no income tax, no unemployment and not a single soldier outside its borders.
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The notion of a farseeing and despotic statesman, who can lay down plans for ages yet unborn, is a fancy generated by the pride of the human intellect to which facts give no support.
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Bad monetary and fiscal policy, often designed by the IMF, is the real cause of global problems. The only explanation for why government leaders continue to follow these policies is that by blaming markets, they avoid blaming themselves.
That government is best which governs least.
That government is best which governs least.
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Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it's the only thing that ever has.
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If the United States of America or Britain is having elections, they don't ask for observers from Africa or from Asia. But when we have elections, they want observers.
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When freedom prevails, the ingenuity and inventiveness of people creates incredible wealth. This is the source of the natural improvement of the human condition.
