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Quotes on the Free Market


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  • "Capitalism and communism stand at opposite poles. Their essential difference is this: The communist, seeing the rich man and his fine home, says: 'No man should have so much.' The capitalist, seeing the same thing, says: 'All men should have as much.'"
    -- Phelps Adams


  • "One of the worst fallacies in the field of economics - propagated by Karl Marx and accepted by almost everyone today, including many businessmen - is the notion that the development of monopolies is an inescapable and intrinsic result of the operation of a free, unregulated economy. In fact, the exact opposite is true. It is a free market that makes monopolies impossible."
    -- Nathanial Branden, "Common Fallacies Against Capitalism"


  • "The free market punishes irresponsibility. Government rewards it."
    -- Harry Browne


  • "Industrial progress, mechanical improvement, all of the great wonders of the modern era have meant relatively little to the wealthy. The rich in Ancient Greece would have benefitted hardly at all from modern plumbing : running servants replaced running water. Television and radio? The Patricians of Rome could enjoy the leading musicians and actors in their home, could have the leading actors as domestic retainers. Ready-to-wear clothing, supermarkets - all these and many other modern developments woul have added little to their life. The great achievements of Western Capitalism have redounded primarily to the benefit of the ordinary person. These achievements have made available to the masses conveniences and amenities that were previously the exclusive perogative of the rich and powerful."
    -- Milton Friedman, "Free To Choose"


  • "What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system."
    -- Milton Friedman


  • "The chief virtue of a capitalist mode of production is its ability to create wealth. Wealth is created when assets are moved from lower to higher valued uses."
    -- Luke Froeb


  • "A successful economy depends on the proliferation of the rich, on creating a large class of risk-taking men who are willing to shun the easy channels of a comfortable life in order to create new enterprise, win huge profits, and invest them again."
    -- George Gilder


  • "Capitalism undoubtedly has certain boils and blotches upon it, but has it as many as government? Has it as many as marriage? Has it as many as religion? I doubt it. It is the only basic institution of modern man that shows any genuine health and vigor."
    -- H.L. Mencken


  • "While it might surprise many ecologists to hear, capitalism is itself the ultimate form of conservationism. Capitalists seek to conserve resources, not because of sentimental feelings about nature or the earth or whales or worry about the well-being of future generations, but simply because every drop of oil, every ton of ore, every shipment of wood saved is a cost reduction and money in the pocket."
    -- Steven E Plaut, "The Joy Of Capitalism"


  • "Capitalism has created the highest standard of living ever known on earth. The evidence is incontrovertible. The contrast between West and East Berlin is the latest demonstration, like a laboratory experiment for all to see. Yet those who are loudest in proclaiming their desire to eliminate poverty are loudest in denouncing capitalism. Man's well-being is not their goal."
    -- Ayn Rand


  • "In a capitalist society, all human relationships are voluntary. Men are free to cooperate or not, to deal with one another or not, as their own individual judgements, convictions and interests dictate."
    -- Ayn Rand, "Capitalism, The Unknown Ideal"


  • "What they have to discover, what all the efforts of capitalism's enemies are frantically aimed at hiding, is the fact that capitalism is not merely the 'practical,' but the only moral system in history."
    -- Ayn Rand, "Capitalism : The Unknown Ideal"


  • "The difference between free-market capitalism and state capitalism is precisely the difference between, on the one hand, peaceful, voluntary exchange, and on the other, violent expropriation."
    -- Murray N. Rothbard, A Future of Peace and Capitalism, 1973


  • "The man at the top of the intellectual pyramid contributes the most to all those below him, but gets nothing except his material payment, receiving no intellectual bonus from others to add to the value of his time. The man at the bottom who, left to himself, would starve in his hopeless ineptitude, contributes nothing to those above him, but receives the bonus of all of their brains. Such is the nature of the 'competition' between the strong and the weak of the intellect. Such is the pattern of 'exploitation' for which you have damned the strong."
    -- Ayn Rand, "Atlas Shrugged"


  • "Certainly it is a great unhappiness to be poor, but it is an even greater unhappiness to be surrounded by people as poor as oneself. Lacking wealth oneself, one must wish wealth for others : an indigent has infinitely greater possibilities for earning his living and becoming well-off if he lives among a rich population, than if he is surrounded by poor people lilke himself. And note here that the hope of the poor is not founded upon the charity of the rich, but upon the interest of the rich. It is in his own interest that the rich man supplies the poor man with land to cultivate, tools, fertilizer, and seeds, and with food on which to live until the harvest."
    -- Jean-Baptiste Say


  • "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Nobody but a beggar chooses to depend chiefly upon the benevolence of his fellow citizens."
    -- Adam Smith, "The Wealth of Nations"


  • "There is no kind of freedom and liberty other than the kind which the market economy brings about. In a totalitarian hegemonic society the only freedom that is left to the individual, because it cannot be denied to him, is the freedom to commit suicide."
    -- Ludwig von Mises, Human Action


  • "The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning."
    -- Ludwig von Mises, Socialism


  • "All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out."
    -- Ludwig von Mises


  • "They rage against Materialism, as they call it, forgetting that there has been no material improvement that has not spiritualized the world."
    -- Oscar Wilde



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Mark Valenti's Liberty Page created and updated by Mark D. Valenti from
September 1999 through