Government-to-government aid rests on socialistic assumptions and promotes socialism and stagnation, whereas private foreign investment rest on capitalist assumptions and promotes private enterprise and maximum economic growth.
Henry HazlittWhen Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: โYes, stand a little less between me and the sun.โ It is what every citizen is entitled to ask of his government.
Henry HazlittOne of the worst features of all the plans for sharing wealth and equalizing or guaranteeing incomes is that they lose sight of the conditions and institution s that are necessary to create wealth and income in the first place.
Henry HazlittThe long-run historical tendency of capitalism has not only been to increase real incomes more or less proportionately nearly all along the line, but to benefit the masses even more than the rich.
Henry Hazlitt