Property, the right to enjoy the fruits of one's labor, the right to work, to develop, to exercise one's faculties, according to one's own understanding, without the state intervening otherwise than by its protective action; this is what is meant by liberty
Interpretation
The quote emphasizes the importance of personal liberty in enjoying the outcomes of one’s work without undue governmental interference.
Frederic Bastiat highlights the essence of liberty as the right to own property and enjoy the fruits of one's own labor. He argues that true freedom includes the ability to work, develop skills, and express oneself according to personal understanding, while asserting that the role of the state should be limited to protective measures against violations of these rights, rather than interference in individual endeavors.
In practice
This quote can be used in a speech about economic freedom and entrepreneurship.
The state tends to expand in proportion to its means of existence and to live beyond its means, and these are, in the last analysis, nothing but the substance of the people. Woe to the people that cannot limit the sphere of action of the state! Freedom, private enterprise, wealth, happiness, independence, personal dignity, all vanish.
Now, legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on.
No society can exist if respect for the law does not to some extent prevail; but the surest way to have the laws respected is to make them respectable. When law and morality are in contradiction, the citizen finds himself in the cruel dilemma of either losing his moral sense or of losing respect for the law, two evils of which one is as great as the other, and between which it is difficult to choose.
The law is the collective organization of the individual's right to lawful defense of his life, liberty and property. When it is used for anything else, no matter how noble the cause, it becomes perverted and justice is weakened. Thus, the law has become perverted by stupid greed and false philanthropy.
If you wish to prosper, let your customer prosper.
They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers than to be invested with monopoly over impoverished customers.
Nothing happens by chance, my friend... No such thing as luck. A meaning behind every little thing, and such a meaning behind this. Part for you, part for me, may not see it all real clear right now, but we will, before long.
We do not quite say that the new is more valuable because it fits in; but its fitting in is a test of its value - a test, it is true, which can only be slowly and cautiously applied, for we are none of us infallible judges of conformity.
It was cold autumn weather, but in spite of the cold they wandered up and down the roads of the Park for nearly three hours. They agreed to break off their intercourse; every bond, he said, is a bond to sorrow.
Sometimes the Warrior feels as if he were living two lives at once.
In America, a black man has to feel like he's God just to make it a little bit when white people can just feel human. They can just be themselves, but for me, I feel we have to start instilling that back into our people. That pride. That black power. That privilege to be alive.
It is an open question whether any behavior based on fear of eternal punishment can be regarded as ethical or should be regarded as merely cowardly.
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