The essential characteristic of socialism is the denial of individual property rights.

Rationality is the recognition of the fact that nothing can alter the truth and nothing can take precedence over that act of perceiving it.

An idea is a light turned on in a man's soul. Comic-strip artists are in the habit of representing it by means of a light bulb flashing on, above the head of a character who has suddenly grasped an idea. In simple, primitive terms, this is an appropriate symbol.

The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master.

Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman's tool is values; the bureaucrat's tool is fear.

There can be no compromise between freedom and government controls; to accept 'just a few controls' is to surrender the principle of inalienable individual rights and to substitute for it the principle of the government’s unlimited, arbitrary power, thus delivering oneself into gradual enslavement. As an example of this process, observe the present domestic policy of the United States.

The right to life is the source of all rights -- and the right to property is their only implementation. Without property rights, no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has no means to sustain his life. The man who produces while others dispose of his product, is a slave.