Tuesday, December 24, 2013

Quote of the Day

Carlos Alberto Montaner, writing for RealClearWorld about wide-spread rejection of market forces by populist Latin Americans. He obviously doesn't agree:
Egalitarianism is a perverse mirage that leads to collective misery. If you don't think so, ask the Chinese who lived through the terrible Maoist era. Or the Cubans.
Good words, although I prefer the formulation "Socialism is not a way to share the wealth, it is a way to share the poverty."

Those required by government to "share" their excess earnings simply stop producing excess earnings. The result is no wealth to share and less total economic activity, a steep price to pay for reduced income disparity.