“Socialism takes and redistributes wealth, but it is utterly incapable of creating wealth.”

Anything That's Peaceful (1964)
Context: Socialism depends upon and presupposes material achievements which socialism itself can never create. Socialism is operative only in wealth situations brought about by motes of production other than its own. Socialism takes and redistributes wealth, but it is utterly incapable of creating wealth.

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Leonard E. Read 23
American academic 1898–1983

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