QuoteProject
Government control of the economy, no matter in whose behalf, has been the source of all the evils in our industrial society -- and the solution is laissez-faire capitalism, i.e., the abolition of any and all forms of intervention in production and trade, the separation of State and Economics, in the same way and for the same reasons as the separation of Church and State.
Ayn Rand
ShareWTF𝕏

Interpretation

What this quote means

This quote argues that government intervention in the economy leads to societal evils and advocates for laissez-faire capitalism as a remedy.

Ayn Rand contends that the involvement of government in economic activities is the root cause of many problems faced by industrial societies. She advocates for laissez-faire capitalism, which promotes minimal interference in production and trade, similar to the fundamental separation of church and state, to ensure freedom and prosperity in the economy.

Themes

GovernmentEconomyCapitalismLaissez-FaireIntervention

In practice

Example use cases

This quote can be used in discussions about economic policy during a political debate.

More from Ayn Rand

To say 'I love you' one must first be able to say the 'I.'
Ayn RandRead
The difference between animals and humans is that animals change themselves for the environment, but humans change the environment for themselves.
Ayn RandRead
It is my eyes which see, and the sight of my eyes grants beauty to the earth. It is my ears which hear, and the hearing of my ears gives its song to the world. It is my mind which thinks, and the judgement of my mind is the only searchlight that can find the truth. It is my will which chooses, and the choice of my will is the only edict I must respect.
Ayn RandRead
What is the basic, the essential, the crucial principle that differentiates freedom from slavery? It is the principle of voluntary action versus physical coercion or compulsion.
Ayn RandRead
One method of destroying a concept is by diluting its meaning. Observe that by ascribing rights to the unborn, i.e., the nonliving, the anti-abortionists obliterate the rights of the living.
Ayn RandRead
I think that when in doubt about the truth of an issue, it's safer and in better taste to select the least numerous of the adversaries.
Ayn RandRead

Similar quotes

As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.
Adam SmithRead
People who think a tax boost will cure inflation are the same ones who believe another drink will cure a hangover.
Ronald ReaganRead
Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark.
Murray RothbardRead
While it was an experiment to bring them together, nothing has divided Europe as much as the euro.
Joseph StiglitzRead
What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!
John Maynard KeynesRead
Reforms aimed at increasing an economy's flexibility are always hard - and even more so at a time of weak growth - because they require eliminating protections for vested interests in the short term for the sake of greater long-term prosperity.
Michael SpenceRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.