“One way of minimizing costs is to figure out how to manufacture a product with the least possible resources. In the telecommunications industry, for example, the developed countries of the world have gone from using relatively expensive copper wire, to… — Thomas J. DiLorenzo Copy Share Image
“in reality, after the fall of communism in the late 1980s the world learned of some of the worst environmental disasters imaginable—rivers so polluted… — Thomas J. DiLorenzo Copy Share Image
“When it comes down to it, what are being traded in a capitalist economy are property rights—the ownership rights in goods and services.” — Thomas J. DiLorenzo Copy Share Image
“One way of minimizing costs is to figure out how to manufacture a product with the least possible resources. In the telecommunications industry, for… — Thomas J. DiLorenzo Copy Share Image
“Private property and capitalism also provide strong incentives to preserve resources for the future, whereas political resource allocation under democracy tends toward immediate gratification.” — Thomas J. DiLorenzo Copy Share Image
“We who live in capitalist countries tend to take all of this—property rights, free-market pricing, entrepreneurship—for granted, but every socialist country that has ever… — Thomas J. DiLorenzo Copy Share Image
“Except for spending to protect property rights, enforce the law, and protect citizens from foreign aggressors, all government spending crowds out private spending and… — Thomas J. DiLorenzo Copy Share Image
“Modern governments actually spend relatively little on programs and systems that benefit all citizens, such as national defense or the judicial system; mainly they… — Thomas J. DiLorenzo Copy Share Image
