Quotes on Mixed Economy

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

Of all the statist violations of individual rights in a mixed economy, the military draft is the worst. It is an abrogation of rights. It negates man’s fundamental right-the right to life-and establishes the fundamental principle of statism: that a man’s life belongs to the state, and the state may claim it by compelling him to sacrifice it in battle. Once that principle is accepted, the rest is only a matter of time.

Lobbying' is the activity of attempting to influence legislation by privately influencing the legislators. It is the result and creation of a mixed economy-of government by pressure groups. Its methods range from mere social courtesies and cocktail-party or luncheon "friendships" to favors, threats, bribes, blackmail.

Impotence therefore faces both those who believe in what amounts to a pure, stateless, market capitalism, a sort of international bourgeois anarchism, and those who believe in a planned socialism uncontaminated by private profit-seeking. Both are bankrupt. The future, like the present and the past, belongs to mixed economies in which public and private are braided together in one way or another. But how? That is the problem for everybody today, but especially for people on the left.

India happens to be a rich country inhabited by very poor people.