“In spite of its alluring name, the welfare state stands or falls by compulsion. It is compulsion imposed upon us with the state’s power to punish noncompliance. Once this is clear, it is equally clear that the welfare state is an evil the same as every restriction of freedom.” FreedomLibertyCapitalismEconomicsCharityLibertarianSocialismCommunismWelfareFascismTaxationCoercionCollectivismFree TradeStatismLaissez FaireAustrian School Of EconomicsFree MarketsAustrian Economics Author:Wilhelm Röpke
“The market economy is not everything. It must find its place in a higher order of things which is not ruled by supply and demand, free prices, and competition. It must be firmly contained within an all-embracing order of society in which the imperfections of and harshness of economic freedom are corrected by law and in which man is not denied conditions of life appropriate to his nature.” EconomicsWelfareFree MarketWelfare StateMarket EconomyEconomic FreedomEconomic PhilosophySocial EconomicsOrdoliberalism Book:A Humane Economy: The Social Framework of the Free Market Source: A Humane Economy: The Social Framework of the Free Market
“It is economism to allow material gain to obscure the danger that we may forfeit liberty, variety, and justice and that the concentration of power may grow, and it is also economism to forget that people do not live by cheaper vacuum cleaners alone but by other and higher things which may wither in the shadows of giant industries and monopolies.” LibertyIndustryCapitalismEconomicsSocialismMaterialismMaterialism Versus SpiritualismSocial EconomicsEconomism Book:A Humane Economy: The Social Framework of the Free Market Source: A Humane Economy: The Social Framework of the Free Market