"The unhampered market economy is not a system which would seem commendable from the standpoint of the selfish group interests of the entrepreneurs and capitalists. It is not the particular interests of a group or of individual persons that require the market economy, but regard for the common welfare. It is not true that the advocates of the free-market economy are defenders of the selfish interests of the rich. The particular interests of the entrepreneurs and capitalists also demand interventionism to protect them against the competition of more efficient and active men. The free development of the market economy is to be recommended, not in the interest of the rich, but in the interest of the masses of the people."
React to this quote
More by Ludwig von Mises
See allResonant Thoughts
"The key theme in Gordon’s chapter, that lends it theoretical coherence, is his clear perception that the guiding force in my own work in mental measurement arises principally from my constant search f…"
Explore Further
Related Quotes
"When I think back on Kong, that was like difficult too, because there was no reality in making that movie. …"
— Jessica Lange"The spirit of true religion breathes gentleness and affability; it gives a native, unaffected ease to the b…"
— Hugh Blair"Imitation, if it is not forgery, is a fine thing. It stems from a generous impulse, and a realistic sense o…"
— James Fenton"Between two absolutely different spheres, as between subject and object, there is no causality, no correctn…"
— Friedrich Nietzsche"His ideas are informed by a painfully honest humanism, and everyone—even his enemies—agrees that he is one …"
— Charles Stross"A man well-known to be a liar had just told a most improbable story. “Sir, while I believe you,” someone sa…"
— Nicolas Chamfort