What we call the market is really a democratic process involving millions, and in some markets billions, of people making personal decisions that express their preferences. When you hear someone say that he doesn't trust the market, and wants to replace it with government edicts, he's really calling for a switch from a democratic process to a totalitarian one.
Interpretation
The market reflects individual choices and preferences, and replacing it with government control undermines democracy.
Walter E. Williams emphasizes that the market functions as a democratic mechanism where countless individuals express their preferences through personal choices. When people express distrust in the market and advocate for government intervention, they are inadvertently pushing towards a totalitarian system that centralizes decision-making and suppresses individual freedoms.
In practice
During a lecture on economics, one could cite this quote to illustrate the importance of individual choice in market dynamics.
However, if we wish to be compassionate with our fellow man, we must learn to engage in dispassionate analysis. In other words, thinking with our hearts, rather than our brains, is a surefire method to hurt those whom we wish to help.
In a free society, government has the responsibility of protecting us from others, but not from ourselves.
The true test of one's commitment to liberty and private property rights doesn't come when we permit people to be free to do those voluntary things with which we agree. The true test comes when we permit people to be free to do those voluntary things with which we disagree.
Powerful government tends to draw into it people with bloated egos, people who think they know more than everyone else and have little hesitance in coercing their fellow man. Or as Nobel Laureate Friedrich Hayek said, "in government, the scum rises to the top".
If one person has a right to something he did not earn, of necessity it requires that another person not have a right to something that he did earn.
The essence of government is force, and most often that force is used to accomplish evil ends.
I had given up practising my Jewish religion when I was a 14-year-old girl and did not begin to feel Jewish again until I had returned to God.
Bring down the curtain, the farce is over
Feminism without spirituality runs the risk of becoming what it rejects: an elitist ideology, arrogant, superficial and separatist, closed to everything but itself. Without a spiritual base that obligates it beyond itself, calls it out of itself for the sake of others, a pedagogical feminism turned in on itself can become just one more intellectual ghetto that the world doesn’t notice and doesn’t need.
So the crew fly on with no thought that they are in motion. Like night over the sea, they are very far from the earth, from towns, from trees. The clock ticks on. The dials, the radio lamps, the various hands and needles go though their invisible alchemy. . . . and when the hour is at hand the pilot may glue his forehead to the window with perfect assurance. Out of oblivion the gold has been smelted: there it gleams in the lights of the airport.
Every moment and every event of everyman's life on earth plants something in his soul. For just as the wind carries thousands of winged seeds, so each moment brings with it germs of spiritual vitality that come to rest imperceptibly in the minds and wills of men.
The answer is, of course, that it would be best to be both loved and feared. But since the two rarely come together, anyone compelled to choose will find greater security in being feared than in being loved.
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