True, the free market ignores the poor precisely as it does not recognize the wealthy - it is 'no respecter of persons'
Leonard ReadSuch terms as communism, socialism, Fabianism, the welfare state, Nazism, fascism, state interventionism, egalitarianism, the planned economy, the New Deal, the Fair Deal, the New Frontier are simply different labels for much the same thing.
Leonard ReadThe advancement of freedom is not a matter of who wields political power over creative actions; rather, it depends upon the disassembling of such power.
Leonard ReadSocialism takes and redistributes wealth, but it is utterly incapable of creating wealth.
Leonard ReadStatism, which forces all of us within its orbit, is nothing but a political system of organized plunder, managed by every conceivable type of pressure group.
Leonard ReadIt [the free market] is an organizational way of doing things, featuring openness, which enables millions of people to cooperate and compete without demanding a preliminary clearance of pedigree, nationality, color, race, religion, or wealth. It demands only that each person abide by voluntary principles, that is, by fair play. The free market means willing exchange; it is impersonal justice in the economic sphere and excludes coercion, plunder, theft, protectionism, and other anti-free market ways by which goods and services change hands.
Leonard Read