What we call the market is really a democratic process involving millions, and in some markets billions, of people making personal decisions that express their preferences. When you hear someone say that he doesn't trust the market, and wants to replace it with government edicts, he's really calling for a switch from a democratic process to a totalitarian one.
Interpretation
The market reflects individual choices and preferences, and replacing it with government control undermines democracy.
Walter E. Williams emphasizes that the market functions as a democratic mechanism where countless individuals express their preferences through personal choices. When people express distrust in the market and advocate for government intervention, they are inadvertently pushing towards a totalitarian system that centralizes decision-making and suppresses individual freedoms.
In practice
During a lecture on economics, one could cite this quote to illustrate the importance of individual choice in market dynamics.
However, if we wish to be compassionate with our fellow man, we must learn to engage in dispassionate analysis. In other words, thinking with our hearts, rather than our brains, is a surefire method to hurt those whom we wish to help.
In a free society, government has the responsibility of protecting us from others, but not from ourselves.
The true test of one's commitment to liberty and private property rights doesn't come when we permit people to be free to do those voluntary things with which we agree. The true test comes when we permit people to be free to do those voluntary things with which we disagree.
Powerful government tends to draw into it people with bloated egos, people who think they know more than everyone else and have little hesitance in coercing their fellow man. Or as Nobel Laureate Friedrich Hayek said, "in government, the scum rises to the top".
If one person has a right to something he did not earn, of necessity it requires that another person not have a right to something that he did earn.
The essence of government is force, and most often that force is used to accomplish evil ends.
In all aspects of life, we take on a part and an appearance to seem to be what we wish to be--and thus the world is merely composed of actors.
Shrines! Shrines! Surely you don't believe in the gods. What's your argument? Where's your proof?
This kind of gaping inequality gives lie to the promise that’s at the very heart of America: that this is a place where you can make it if you try. We tell people - we tell our kids - that in this country, even if you’re born with nothing, work hard and you can get into the middle class. We tell them that your children will have a chance to do even better than you do. That’s why immigrants from around the world historically have flocked to our shores.
Everything is explained now. We live in an age when you say casually to somebody 'What's the story on that?' and they can run to the computer and tell you within five seconds. That's fine, but sometimes I’d just as soon continue wondering. We have a deficit of wonder right now.
The death sentence is a barbaric act.
We are building a dictatorship of relativism that does not recognize anything as definitive and whose ultimate goal consists solely of one's own ego and desires. _x000D_ We, however, have a different goal: the Son of God, the true man. He is the measure of true humanism. An "adult" faith is not a faith that follows the trends of fashion and the latest novelty; a mature adult faith is deeply rooted in friendship with Christ.
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