Book VII : Modern Times, Ch. IX : The Final Consequences
Penguin Island (1908)
Context: Penguinia gloried in its wealth. Those who produced the things necessary for life, wanted them; those who did not produce them had more than enough. "But these," as a member of the Institute said, "are necessary economic fatalities." The great Penguin people had no longer either traditions, intellectual culture, or arts. The progress of civilisation manifested itself among them by murderous industry, infamous speculation, and hideous luxury. Its capital assumed, as did all the great cities of the time, a cosmopolitan and financial character. An immense and regular ugliness reigned within it. The country enjoyed perfect tranquillity. It had reached its zenith.
“If you look at every program that the government has adopted in the direction of extending its scope, it took an enormous propaganda campaign by special propaganda groups to get those measures passed. There was no underlining public demand for those measures. On the contrary, the demand had to be created, it had to be developed, it had to be produced. And it was created, it was developed, it was produced, by people… who sincerely wanted to see an expansion in the scope of government.”
“The Social Security Myth” https://www.youtube.com/watch?v=rCdgv7n9xCY&t=124s (1980s)
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Milton Friedman 158
American economist, statistician, and writer 1912–2006Related quotes
Progress, Coexistence and Intellectual Freedom (1968), Dangers, Hunger and Overpopulation (and the Psychology of Racism)
What is to be Done? (1902)
Source: Love, Power and Justice (1954), p. 4
" Economic Myths and Public Opinion https://miltonfriedman.hoover.org/friedman_images/Collections/2016c21/AmSpectator_01_1976.pdf” The Alternative: An American Spectator vol. 9, no. 4, (January 1976) pp. 5-9, Reprinted in Bright Promises, Dismal Performance: An Economist’s Protest, New York: Harcourt Brace Jovanovich (1983) pp. 60-75
Lewis M. Branscomb, Young-Hwan Choi (1996) Korea at the turning point: innovation-based strategies for development
Asia and Western Dominance: a survey of the Vasco Da Gama epoch of Asian history, 1498–1945
Essay Fourth, The Principles of the Former Essays Applied to Government
A New View of Society (1813-1816)