Quote of the Day: How to destroy capitalism, part 17
As if she were writing yesterday (instead of thirty-four years ago), for those now trying to make sense of the world’s economic collapse and the political reactions to it:
"One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary." – Ayn Rand
If you’ve been sleeping for the past few months, or you’re not sure what controls led to today’s problems, then read (or re-read) George Reisman’s still timely summary: The Myth that Laissez Faire Is Responsible for Our Present Crisis.
And check out, if you haven’t already, The Ayn Rand Center’s webpage on the financial crisis, which has that Rand quote above as its masthead.