The power which a multiple millionaire, who may be my neighbor and perhaps my employer, has over me is very much less than that which the smallest "functionaire" possesses who wields the coercive power of the state, and on whose desecration it depends whether and how I am allowed to live or to work.
Interpretation
Wealth provides less power over individuals than the authority of the state.
Friedrich August Von Hayek emphasizes the significant influence that government authority has over individuals' lives compared to the influence of wealthy individuals. He argues that the coercive power of the state, which can dictate how individuals can live and work, is a more potent force than the financial power held by a millionaire neighbor or employer.
In practice
During a discussion on the reach of government regulations in a community meeting.
What our generation has forgotten is that the system of private property is the most important guarantee of freedom, not only for those who own property, but scarcely less for those who do not. It is only because the control of the means of production is divided among many people acting independently that nobody has complete power over us, that we as individuals can decide what to do with ourselves.
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
It is only because the majority opinion will always be opposed by some that our knowledge and understanding progress... it is always from a minority acting in ways different from what the majority would prescribe that the majority in the end learns to do better.
Fascism is the stage reached after communism has proved an illusion.
It is because freedom means the renunciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.
The importance of our being free to do a particular thing has nothing to do with the question of whether we or the majority are ever likely to make use of that particular possibility. To grant no more freedom than all can exercise would be to misconceive its function completely. The freedom that will be used by only one man in a million may be more important to society and more beneficial to the majority than any freedom that we all use.
Authenticity is more than speaking; Authenticity is also about doing. Every decision we make says something about who we are.
...the only thing that makes the Church endurable is that it is somehow the body of Christ and that on this we are fed. It seems to be a fact that you have to suffer as much from the Church as for it but if you believe in the divinity of Christ, you have to cherish the world at the same time that you struggle to endure it.
I cried over beautiful things, knowing no beautiful thing lasts.
War on terrorism defines the central preoccupation of the United States in the world today, and it does reflect in my view a rather narrow and extremist vision of foreign policy of the world's first superpower, of a great democracy, with genuinely idealistic traditions.
What happens is consciousness operates in mysterious ways. One of those ways is that the old paradigm suddenly starts to die.
All I maintain is that on this earth there are pestilences and there are victims, and it's up to us, so far as possible, not to join forces with the pestilences. That may sound simple to the point of childishness; I can't judge if it's simple, but I know it's true.
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