12 October 2008

34. Liberty Solutions vs. Tyranny Solutions

Capitalism represents:

“Liberty-oriented solutions to problems.”

(Presented by Dr. Walter E. Williams in his column “Phony Science and Public Policy,” April 18, 2007.)

This means solutions based on the respect and protection of property rights.

Statism represents:

“Tyranny-oriented solutions to problems.”

(Presented by Dr. Walter E. Williams in his column “Phony Science and Public Policy,” April 18, 2007.)

This means solutions based on the disregard and violation of property rights.