Private vs. government views of property

From: Technotranscendence (
Date: Sun Oct 28 2001 - 10:00:38 MST

Here's a quote from Murray Rothbard's _Power and Market: Government and the
Economy_ I thought some of you might find interesting:

"It is curious that almost all writers parrot the notion that private
owners, possessing time preference, must take the 'short view,' while only
government officials can take the 'long view' and allocate property to
advance the 'general welfare.' The truth is exactly the reverse. The
private individual, secure in his property and in his capital resource, can
take the long view, for he wants to maintain the capital value of his
resource. It is the government official who must take and run, who must
plunder the property while he is still in command." (p189)

I found the quote again while reading Hans-Hermann Hoppe's _Democracy -- the
God that Failed_.


Daniel Ust

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