“… it is precisely because it is not a democracy that China will likely be so successful…What is of vital importance for economic success is economic freedom, meaning the protection of private property, the rule of law, and minimal regulation and taxation, not the right to vote.”

— Peter D. Schiff

Quotes from Crash Proof (2006)

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Peter D. Schiff 40

American entrepreneur, economist and author 1963

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“My aim is freedom and voluntary relations in all fields. The market economy is the result of this in the economic realm; in the cultural realm it means freedom of expression; in politics, democracy and the rule of law; in social life, the right to live according to one's own values and to choose one's company.”

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“… it is precisely because it is not a democracy that China will likely be so successful…What is of vital importance for economic success is economic freedom, meaning the protection of private property, the rule of law, and minimal regulation and taxation, not the right to vote.”

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Peter D. Schiff 40

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