Expropriation

 


 

[1935]  Albert Jay Nock,  Our Enemy, the State, Hallberg Publishing Corporation, Tampa, Florida, 2001

-  "There are two methods or means, and only two, whereby man's needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means. The primitive exercise of the political means was by conquest, confiscation, expropriation and the introduction of a slave economy. The conqueror parcelled out the conquered territory among beneficiaries, who thenceforth satisfied their needs and desires by exploiting the labour of the enslaved inhabitants. The feudal State and the merchant-State, wherever found, merely took over and developed successively the heritage of character, intention and apparatus of exploitation which the primitive state transmitted to them; they are in essence merely higher integrations of the primitive State." (pp. 58-59)

 

[1949]  Benjamin M. Anderson,  Economics and the Public Welfare. A financial and economic history of the United States 1914-1946, Liberty Press, Indianapolis, 1979

-  "There was bad faith by the British government, and there was bad faith by the United States government in abandoning the gold standard."
"When the President [Franklin Delano Roosevelt] asked Senator Gore for his opinion regarding the matter, the senator replied, 'Why, that's just plain stealing, isn't it, Mr. President?'
Senator Gore, moreover, in debate on the Senate floor, said, in substance, this : 'Henry VIII approached total depravity, as nearly as the imperfections of human nature would allow. But the vilest thing that Henry ever did was to debase the coin of the realm!'." (p. 317)

 

[1957]  Ayn Rand,  Atlas Shrugged, Signet Books, New York, 1957

-  "'Are we to understand,' asked the judge, 'that you hold your own interests above the interests of the public?'
'I hold that such a question can never arise except in a society of cannibals.'
'What ... what do you mean?'
'I hold that there is no clash of interests among men who do not demand the unearned and do not practice human sacrifices.'
'Are we to understand that if the public deems it necessary to curtail your profits, you do not recognize its right to do so?'
'Why, yes, I do. The public may curtail my profits any time it wishes - by refusing to buy my product.'
'We are speaking of ... other methods.'
'Any other method of curtailing profits is the method of looters - and I recognize it as such'." (pp. 449-450)

 

[1962]  Milton Friedman with the assistance of Rose D. Friedman, Capitalism and Freedom, The University of Chicago Press, Chicago, 1982

-  "In 1933 and early 1934, private holders of gold were required by law to turn over their gold to the federal government. They were compensated at a price equal to the prior legal price, which was at the time decidedly below the market price. To make this requirement effective, private ownership of gold within the U.S. was made illegal except for use in the arts." "There is no difference in principle between this nationalization of gold at an artificially low price and Fidel Castro's nationalization of land and factories at an artificially low price. On what grounds of principle can the U.S. object to the one after having itself engaged in the other?" (p. 60)