Sheldon Richman Quote

“Among other grand achievements, F. A. Hayek had a remarkable career pointing out the flaws in collectivism.  One of his keenest insights was that, paradoxically, any collectivist system necessarily depends on one individual (or small group) to make key social and economic decisions. In contrast, a system based on individualism takes advantage of the aggregate, or 'collective,' information of the whole society; through his actions each participant contributes his own particular, if incomplete, knowledge—information that could never be tapped by the individual at the head of a collectivist state.”

Collectivism , Economics , Individualism , Knowledge , Statism

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J Carlton, Calgary    10/31/13

And the "central group" will and always has "capitalized" on its position to make itself wealthy and more powerful and NOT subject to the laws it hands down to the worker bees. Kind of like the present regime in the US.

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Henry, Edinboro    10/31/13

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jim k, Austin, Tx    10/31/13

J Carlton, it's exactly like the present regime inside the beltway.

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Fredrick William Sillik, Anytown    3/7/24

In a coordinated social arrangement all views are respected. All have an equal chance to voice their rational concerns. Socialism is the challenge of social abilities to create a respectful attitude.

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