China Has Seen A Great Deal Of

What You Have As A Result Of Past Policies Is That German Entrepreneurs Go Outside Of Germany For Many Of Their Activities. They Are Investing Abroad Instead Of At Home Because There Isn't The Openness, Fluidity And Opportunity They Find Outside Their Borders.

So That The Record Of History Is Absolutely Crystal Clear That There Is No Alternative Way, So Far Discovered, Of Improving The Lot Of The Ordinary People That Can Hold A Candle To The Productive Activities That Are Unleashed By A Free-enterprise System.

The Great Danger To The Consumer Is The Monopoly -whether Private Or Governmental. His Most Effective Protection Is Free Competition At Home And Free Trade Throughout The World. The Consumer Is Protected From Being Exploited By One Seller By The Existence Of Another Seller From Whom He Can Buy And Who Is Eager To Sell To Him. Alternative Sources Of Supply Protect The Consumer Far More Effectively Than All The Ralph Naders Of The World.

If The Government Is To Try And Ban Private Consumption Of Alcohol And Tobacco, It Must Surely Ban Such Activities As Hang-gliding, Skiing, Rock-climbing And So On. Where Should It Stop? Rugby? American Football? Ice Hockey? Insofar As The Government Has Information Not Generally Available About The Merits Or Demerits Of The Items We Ingest Or The Activities We Engage In, Let It Give Us The Information. But Let It Leave Us Free To Choose What Chances We Want To Take With Our Own Lives.

If Capitalism Worked As The Socialists Think An Economic System Ought To Work, And Provided A Constant Equality Of Living Conditions For All, Regardless Of Whether A Man Was Able Or Not, Resourceful Or Not, Diligent Or Not, Thrifty Or Not, If Capitalism Put No Premiums On Resourcefulness And Effort And Not Penalty On Idleness Or Vice, It Would Produce Only An Equality Of Destitution.