David D. Friedman: Capitalism

David D. Friedman is American economist, physicist, legal scholar, and libertarian theorist. Explore interesting quotes on capitalism.
David D. Friedman: 24 quotes0 likes

“We must ask, not whether an anarcho-capitalist society would be safe from a power grab by the men with the guns (safety is not an available option), but whether it would be safer than our society is from a comparable seizure of power by the men with the guns. I think the answer is yes. In our society, the men who must engineer such a coup are politicians, military officers, and policemen, men selected precisely for the characteristic of desiring power and being good at using it. They are men who already believe that they have a right to push other men around - that is their job. They are particularly well qualified for the job of seizing power. Under anarcho-capitalism the men in control of protection agencies are selected for their ability to run an efficient business and please their customers. It is always possible that some will turn out to be secret power freaks as well, but it is surely less likely than under our system where the corresponding jobs are labeled 'non-power freaks need not apply.”

David D. Friedman book The Machinery of Freedom

Source: The Machinery of Freedom, 1973, pp. 123-124

“Perhaps the best way to see why anarcho-capitalism would be much more peaceful than our present system is by analogy. Consider our world as it would be if the cost of moving from one country to another were zero. Everyone lives in a housetrailer and speaks the same language. One day, the president of France announces that because of troubles with neighboring countries, new military taxes are being levied and conscription will begin shortly. The next morning the president of France finds himself ruling a peaceful but empty landscape, the population having been reduced to himself, three generals, and twenty-seven war correspondents.”

David D. Friedman book The Machinery of Freedom

Source: The Machinery of Freedom, 1973, p.123

“An ideal objectivist society with a limited government is superior to an anarcho-capitalist society in precisely the same way that an ideal socialist society is superior to a capitalist society. Socialism does better with perfect people than anarcho-capitalism with imperfect. And it is better to wear a bikini with the sun shining than a raincoat when it is raining. That is no argument against carrying an umbrella.”

David D. Friedman book The Machinery of Freedom

Source: The Machinery of Freedom, 1973, p.134