Citizens Quote by Leonard Peikoff
“Unlike the Marxists, the Nazis did not advocate public ownership of the means of production. They did demand that the government oversee and run the nation's economy. The issue of legal ownership is secondary; what counts is the issue of control. Private citizens, therefore, may continue to hold titles to property-so long as the state res...erves to itself the unqualified right to regulate the use of their property.”
About This Quote
Source Book: The Foundations of Objectivist Epistemology by Leonard Peikoff, 1995
Control over the economy, not ownership, determines power; the state can keep private titles while retaining ultimate regulatory authority.
In simple terms: Control matters more than ownership.
Recognize how regulatory power shapes freedom.
Themes
Mood
Type
When to use this quote
- business regulation
- property law
- government policy
- civil liberties
Key Concepts
Questions to Reflect On
- How does regulatory authority affect personal freedom?
- What are the risks of state‑controlled economies?
State control can still limit individual autonomy despite private titles.