If you surrender everything to the government and give it total power to plan the whole economy, this will not guarantee your economic security, but it will guarantee the descent of the entire nation to a level of miserable poverty--as the practical results of every totalitarian economy, communist or fascist, have demonstrated.
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.
...If peace were the goal of today's intellectuals, a failure of that magnitude -- and the evidence of unspeakable suffering on so large a scale -- would make them pause and check their statist premises. Instead, blind to everything but their hatred for capitalism, they are now asserting that 'poverty breeds wars' ... But the question is: What breeds poverty? If you look a the world of today and if you look back at history, you will see the answer: the degree of a country's freedom is the degree of its prosperity.
Poverty is not a mortgage on the labor of others-misfortu ne is not a mortgage on achievement-fai lure is not a mortgage on success-sufferi ng is not a claim check, and its relief is not the goal of existence-man is not a sacrificial animal on anyone’s altar nor for anyone’s cause-life is not one huge hospital.
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