No system of regulation can safely be substituted for the operation of individual liberty as expressed in competition.
Interpretation
Individual liberty and competition are essential for a functioning system; regulations cannot replace them.
This quote by Louis D. Brandeis highlights the importance of individual liberty and competition in society. It suggests that while regulations may be necessary, they cannot fully replace the benefits that come from individual freedom and the natural competition it fosters. True progress and innovation arise from allowing individuals to exercise their liberties in a competitive environment, rather than relying solely on imposed rules and regulations.
In practice
This quote can be used in a political debate to argue against excessive regulations.
Experience should teach us to be most on our guard to protect liberty when the Government's purposes are beneficent. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greatest dangers to liberty lurk in the insidious encroachment by men of zeal, well meaning but without understanding.
Those who won our independence believed that the final end of the state was to make men free to develop their faculties... They valued liberty both as an end and as a means. They believed liberty to be the secret of happiness and courage to be the secret of liberty... that public discussion is a political duty; and that this should be a fundamental principle of the American government.
Experience teaches us to be most on our guard to protect liberty when the government's purposes are beneficent.
When those of Jewish blood exhibit moral or intellectual superiority, genius or special talent, we feel pride in them, even if they have abjured the faith like Spinoza, Marx, Disraeli or Heine. Despite the meditations of pundits or the decrees of council, our own instincts and acts, and those of others, have defined for us the term 'Jew.'
In business, the earning of profit is something more than an incident of success. It is an essential condition of success. It is an essential condition of success because the continued absence of profit itself spells failure.
America has believed that in differentiation, not in uniformity, lies the path of progress. It acted on this belief; it has advanced human happiness, and it has prospered.
Come, Friend, you too must die. Why moan about it so? Even Patroclus died, a far, far better man than you. And look, you see how handsome and powerful I am? The son of a great man, the mother who gave me life-- A deathless goddess. But even for me, I tell you, Death and the strong force of fate are waiting. There will come a dawn or sunset or high noon When a man will take my life in battle too-- flinging a spear perhaps Or whipping a deadly arrow off his bow.
What citizens of a free country would listen to any offers of good and skillful administration in return for the abdication of freedom?
The minute the church and pastors start saying what do people want and then giving it to them, we betray our calling. We're called to have people follow Jesus. We're called to have people learn how to forgive their enemies.
My dreams are a stupid refuge, like an umbrella against a thunderbolt.
The truth is that the whole life of the worker is simply a continuous and dismaying succession of terms of serfdom - voluntary from the juridical point of view but compulsory in the economic sense - broken up by momentarily brief interludes of freedom accompanied by starvation; in other words, it is real slavery.
There are some who lack confidence in the integrity and capacity of the people to govern themselves. To all who entertain such fears I will most respectfully say that I entertain none. If man is not capable, and is not to be trusted with the government of himself, is he to be trusted with the government of others? Who, then, will govern? The answer must be, Man - for we have no angels in the shape of men, as yet, who are willing to take charge of our political affairs.
Subscribe for the occasional hand-picked quote. No noise.