Tuesday, January 10, 2012

On inviolable economic principles

All of the speculations and ruminations of socialist or Marxist economists and thinkers will never find a way for their post-revolution utopian society to avoid the curse of scarcity (witness Soviet Union history). Neither will government welfare schemes devised by liberal or progressive economists escape the ethical limitations found in the intimate and inviolable connection between man's willingness to work ("sweat") and his own wellbeing.

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