IMPRIMIS, 9/2009 - From a speech by Walter Williams, Professor of Economics, George Mason University - Excerpt (on the expansion of government at the cost of contracting liberty):
"Ironically, the free market system is threatened today not because of its failure, but because of its success. Capitalism has done so well in eliminating the traditional problems of mankind—disease, pestilence, gross hunger, and poverty—that other human problems seem to us unacceptable. So in the name of equalizing income, achieving sex and race balance, guaranteeing housing and medical care, protecting consumers, and conserving energy—just to name a few prominent causes of liberal government these days—individual liberty has become of secondary or tertiary concern."
Read more at Imprimis... “Reprinted [in part] by permission from Imprimis, a publication of
Hillsdale College.”
Adapted from a lecture delivered on August 2, 2009, during a Hillsdale College cruise from Venice to Athens aboard the Crystal Serenity.
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