Freedom or Totalitarianism

Freedom or Totalitarianism
Liberty or Death

Wednesday, September 26, 2012

Professor Friedrich Hayek: 'Private Property Made Wealth Creation Possible'


Source:Christian Patriarchy- Economics Professor Friedrich Hayek. No idea when this photo was taken.

"PRIVATE PROPERTY ASURES MAN OF A PRIVATE LIFE" 

A short video to this, but what I believe Professor Friedrich Hayek was arguing here is that there is no other economic system in the world that has produced more wealth, for more people, than the system based around property rights and the freedom of individuals to move around freely and to earn a good living for themselves and then to live off the wealth of their labor and production. Not his words, exactly, but he's making the case for private enterprise and capitalism.

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