1041: Gloria Alvarez – Socialism Has Failed on Every Continent

We have seen Socialism fail on every continent of the planet. But when there is ignorance and when there are people who resent the way of competition and free-market ideas then Socialism can arise. —Gloria Alvarez

1020: F.A. Hayek – Impossible to Control Productive Resources

It is impossible to assume control over all the productive resources without also deciding for whom and by whom they are to be used. —F.A. Hayek

1019: F.A. Hayek – Psychological Change That Will Destroy Liberty

The most important change which extensive government control produces is a psychological change, an alteration in the character of the people. This is necessarily a slow affair, a process which extends not over a few years but perhaps over one or two generations. The important point is that the political ideals of a people and its attitude toward authority are as much the effect as the cause of the political institutions under which it lives. This means, among other things, that EVEN a strong tradition of political liberty is no safeguard if the danger is precisely that new institutions and policies will gradually undermine and destroy that spirit.