It Is Also True That The Less

We Shall Not Grow Wiser Before We Learn That Much That We Have Done Was Very Foolish.

Capitalism Created The Possibility Of Employment.

Socialist Thought Owes Its Appeal To The Young Largely To Its Visionary Character; The Very Courage To Indulge In Utopian Thought Is In This Respect A Source Of Strength For Socialism Which Traditional Liberalism Sadly Lacks. Speculation About General Principles Provides An Opportunity For The Play Of The Imagination Of Those Who Are Unencumbered By Much Knowledge Of The Facts Of Present-day Life. Their Ideas Suffer From Inherent Contradictions, And Any Attempt To Put Them Into Practice Must Produce Something Utterly Different From What They Expect.

This Is Not A Dispute About Whether Planning Is To Be Done Or Not. It Is A Dispute As To Whether Planning Is To Be Done Centrally, By One Authority For The Whole Economic System, Or Is To Be Divided Among Many Individuals.

As Long-term Institutions, I Am Totally Against Dictatorships. But A Dictatorship May Be A Necessary System For A Transitional Period... Personally I Prefer A Liberal Dictator To Democratic Government Lacking Liberalism. My Personal Impression - And This Is Valid For South America - Is That In Chile, For Example, We Will Witness A Transition From A Dictatorial Government To A Liberal Government.