Quotation of the Day…

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… is from page 102 of my late, great colleague Walter Williams’s 1982 book America: A Minority Viewpoint (original emphases):

Under the market system, power is distributed proportionately or as it were, one-man-one-vote. In other words, though poor individuals have fewer dollars, each dollar has jus as much power as another person’s dollar. This means that poor people can compete with rich people and get at least some of the goods produced by society. For example, poor people competed successfully with higher-income people for housing in West Philadelphia, Oak Lane, Germantown, and elsewhere where higher income people used to reside. However, they will not be able to do the same in the suburban areas where the political mechanism of zoning reduces effective competition through requirements that units be single-family dwellings of a minimum footage and constructed on lots of minimum size.