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September
04, 2006 The idea that businessmen are strong defenders of the free enterprise system is one which is believed only by those who have never studied the history of private enterprise in the Western, industrial nations. What businessmen are paid to worry about is profit. The problem for the survival of a market economy arises when the voters permit or encourage the expansion of government power to such an extent that private businesses can gain short-term profits through the intervention into the competitive market by state officials. Offer the typical businessman the opportunity to escape the constant pressures of market competition, and few of them are able to withstand the temptation. In fact, they are rewarded for taking the step of calling in the civil government. (Read the rest here. Click the "back button" to return to The Price of Liberty.)
Other articles at the von Mises Institute (There are thousands of them, all free.) Defense
Services on the Free Market Making
Economic Sense The
Trouble with NASA
Ludwig
von Mises Institute The
Free Market, published by the Mises Institute The
Independent Institute Foundation
for Economic Education (FEE) Ayn
Rand Institute Institute
for Humane Studies National
Center for Policy Analysis Reason
Foundation Acton
Institute Future
of Freedom Foundation |
Archives The
Ethics of Liberty Classical Liberal Roots of the Marxist Doctrine of Classes What
If Governments Had Not Destroyed Money? The
Idea of a Private Law Society The
Source of Prices Enterprising
Education: Doing Away with the Public School System Why
is Medical Care so Expensive? Click
the "back button" to return to The Price of Liberty.)
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