Todd Weber's Random Thoughts

December 12, 2010

Private Property = Freedom

Filed under: Uncategorized — Tags: , , , , , , — tkweber @ 8:02 am

“It seems obvious to me now – though I have been slow, I must say, in coming to the conclusion – that the institution of private property is one of the main things that have given man that limited amount of free-and-equalness that Marx hoped to render infinite by abolishing this institution. Strangely enough Marx was the first to see this. He is the one who informed us, looking backwards, that the eveolution of private capitalism with its free market had been a precondition for the evolution of all our democratic freedoms. It never occurred to him, looking forward, that if this was so, these other freedoms might disappear with the abolition of the free market.” (Max Eastman, “Socialism Doesn’t Jibe with Human Nature,” Reader’s Digest, vol. 38, June 1941, p. 47. Quoted in Hayek, “The Road to Serfdom,” p. 136)

“And who would deny that a world in which the wealthy are powerful is still a better world than one in which only the already powerful can acquire wealth?” (Hayek, 136)

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