Socialism is an alternative to capitalism as potassium cyanide is an alternative to water.

It is illogical to say, as many etatists do, that liberalism is hostile to or hates the state, because it is opposed to the transfer of the ownership of railroads or cotton mills to the state. If a man says that sulphuric acid does not make a good hand lotion, he is not expressing hostility to sulphuric acid as such; he is simply giving his opinion concerning the limitations of its use.

Every step which leads from capitalism toward planning is necessarily a step nearer to absolutism and dictatorship.

No people and no part of a people shall be held against its will in a political association that it does not want.

If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learned something about the sovereignty of the consumers.