The real cost of the State is the prosperity we do not see, the jobs that don’t exist, the technologies to which we do not have access, the businesses that do not come into existence, and the bright future that is stolen from us. The State has looted us just as surely as a robber who enters our home at night and steals all that we love.
Interpretation
The quote highlights the hidden costs of government intervention in the economy, emphasizing lost opportunities and potential prosperity.
In this quote, Bastiat argues that the true cost of government actions goes beyond immediate taxation or regulation; it encompasses the unseen consequences of lost jobs, potential technological advancements, and entrepreneurial opportunities that never materialize due to excessive state control. He likens the state's actions to theft, suggesting that citizens are deprived of their rightful prosperity and future potential by government overreach.
In practice
During a debate on economic policies, this quote can be used to illustrate the hidden costs of regulations.
The state tends to expand in proportion to its means of existence and to live beyond its means, and these are, in the last analysis, nothing but the substance of the people. Woe to the people that cannot limit the sphere of action of the state! Freedom, private enterprise, wealth, happiness, independence, personal dignity, all vanish.
Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on.
No society can exist if respect for the law does not to some extent prevail; but the surest way to have the laws respected is to make them respectable. When law and morality are in contradiction, the citizen finds himself in the cruel dilemma of either losing his moral sense or of losing respect for the law, two evils of which one is as great as the other, and between which it is difficult to choose.
The law is the collective organization of the individual's right to lawful defense of his life, liberty and property. When it is used for anything else, no matter how noble the cause, it becomes perverted and justice is weakened. Thus, the law has become perverted by stupid greed and false philanthropy.
If you wish to prosper, let your customer prosper.
They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers than to be invested with monopoly over impoverished customers.
It is the first changes among familiar things that make such a mystery of time to the young; afterwards we lose the sense of the mysterious. I take changes in all I see as a matter of course. The instability of all human things is familiar to me, to you it is new and oppressive." (Mr. Bell)
Our lack of forgiveness makes us hate, and our lack of compassion makes us hard-hearted. Pride in our hearts makes us resentful and keeps our memory in a constant whirlwind of passion and self-pity.
If we want to cultivate a true spirit of democracy we cannot afford to be intolerant. Intolerance betrays want of faith in one's cause.
What terrified me will terrify others; and I need only describe the spectre which had haunted my midnight pillow.
We are all full of weakness and errors; let us mutually pardon each other our follies - it is the first law of nature.
A traveller must have the back of an ass to bear all, a tongue like the tail of a dog to flatter all, the mouth of a hog to eat what is set before him, the ear of a merchant to hear all and say nothing.
Subscribe for the occasional hand-picked quote. No noise.