The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.
Ludwig Von MisesRead
Under capitalism everybody is the architect of his own fortune.
Interpretation
What this quote means
In capitalism, individuals have the power to shape their own success and financial outcomes.
This quote by Ludwig Von Mises highlights the idea that capitalism empowers individuals to take control of their own destinies. In a capitalist system, every person has the opportunity to make choices that can lead to personal prosperity; therefore, success is largely determined by one's actions, decisions, and efforts rather than external constraints.
Themes
CapitalismFortuneIndividualSuccessChoice
In practice
Example use cases
During a motivational speech, to encourage entrepreneurship and self-reliance.
More from Ludwig Von Mises
All quotes βWars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.
Ludwig Von MisesRead
Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit.
Ludwig Von MisesRead
The most serious dangers for American freedom and the American way of life do not come from without.
Ludwig Von MisesRead
The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.
Ludwig Von MisesRead
Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to overlook.
Ludwig Von MisesRead
Similar quotes
In the fullness of time, educated people will believe there is no soul independent of the body, and hence no life after death.
Francis CrickRead
Cheats, liars and criminals may resist every blandishment while respectable gentlemen have been moved to appalling treasons by watery cabbage in a departmental canteen.
John Le CarreRead
Democratic institutions form a system of quarantine for tyrannical desires.
Friedrich NietzscheRead
We must no more ask whether the soul and body are one than ask whether the wax and the figure impressed on it are one.
AristotleRead
We all have some experience of a feeling, that comes over us occasionally, of what we are saying and doing having been said and done before, in a remote time - of our having been surrounded, dim ages ago, by the same faces, objects, and circumstances.
Charles DickensRead
[W]hat suffers in the atmosphere of immediacy is analysis. What suffers in this search for speed is depth. The media in the wealthy world are becoming increasingly simplistic, superficial, and celebrity-focused.
Laurie GarrettRead