Carolina QuotesFailure is a big part of a free market's success. People fail to live up to their potential, or to carry out all their good intentions, in all kinds of economic and political systems. Capitalism makes them pay a price for their failures, while socialism, feudalism, fascism and other systems enable personal failures, especially by those at the top, to be ignored and the inevitable price to be paid by others in lower standards of living than they could have had with the existing resources and technology. p. 24
Thomas Sowell Carolinian
Source
No citation is recorded for this quotation.
- work
- Applied Economics: Thinking Beyond Stage One (2008)
- year
- 2008
no citation recorded
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“Failure is a big part of a free market's success. People fai…” Thomas Sowell. Carolina Quotes, record CQ-1849237AE9. https://carolinaquotes.com/quote/1849237ae9
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