Liberty'''.that Condition Of Man In Which Coercion

In No Other Field Has The World Yet Paid So Dearly For The Abandonment Of Nineteenth-century Liberalism As In The Field Where The Retreat Began: In International Relations. Yet Only A Small Part Of The Lesson Which Experience Ought To Have Taught Us Has Been Learned.

Once Politics Become A Tug-of-war For Shares In The Income Pie, Decent Government Is Impossible.

The History Of Government Management Of Money Has, Except For A Few Short Happy Periods, Been One Of Incessant Fraud And Deception.

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.

Socialism Is Simply A Re-assertion Of That Tribal Ethics Whose Gradual Weakening Had Made An Approach To The Great Society Possible.