Quotation of the Day…
by Don Boudreaux
on March 20, 2019
… is from pages 4-5 of Richard Epstein’s September 2018 essay, The Intellectual Poverty of the New Socialists:
Competition leaves people with choices. But under the New Socialism, people will really discover what it means to be unfree when they only have this choice: work for the state and spend your falling wages on government supplied goods – or starve. And to whom does the unhappy citizen turn when there is only one healthcare provider, one landlord, and one education system? The state monopolies under socialism offer a kind of subjugation and submission far greater than that in competitive markets. The faceless corporate decision makers that trouble professor [Corey] Robin are far less sinister than government bureaucrats who can block all exit options.
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