They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers than to be invested with monopoly over impoverished customers.
Frederic BastiatHere I encounter the most popular fallacy of our times. It is not considered sufficient that the law should guarantee to every citizen the free and inoffensive use of his faculties for physical, intellectual and moral self-improvement. Instead, it is demanded that the law should directly extend welfare, education, and morality throughout the nation. This is the seductive lure of socialism. And I repeat: these two uses of the law are in direct contradiction to each other.
Frederic BastiatProperty does not exist because there are laws, but laws exist because there is property.
Frederic BastiatThe law has been perverted through the influence of two very different causes-naked greed and misconceived philanthropy.
Frederic BastiatGovernment is the great fiction, through which everybody endeavors to live at the expense of everybody else.
Frederic BastiatThe real cost of the State is the prosperity we do not see, the jobs that donโt exist, the technologies to which we do not have access, the businesses that do not come into existence, and the bright future that is stolen from us. The State has looted us just as surely as a robber who enters our home at night and steals all that we love.
Frederic Bastiat