John Chamberlain > Quotes

“As part of "moral philosophy," the concept of "natural liberty" clicks easily into place. Man, as an ethical integer, is either free to choose between good and bad courses within the
limits of his circumstances, or he is not. If he is not free, if he can
only accept what is handed to him from above (by fate, or by decree of the human agents of fate), then there is not much use in talking about morality or ethics. To make any sense of the idea
of morality, it must be presumed that the human being is responsible for his actions-and responsibility cannot be understood apart from the presumption of freedom of choice.”
― John Chamberlain, The Roots of Capitalism

“The test of an economic system lies in the choices it offers, the alternatives that are open to the people living under it. When choices are limited by coercion of one sort or another, the system must fall short of meeting the test in greater or less degree. The virtue of a free system – i.e., competitive capitalism – is that it allows energy to flow uncoerced into a thousand-and-one different forms, expanding goods, services, and jobs in a myriad, unpredictable ways. Every day, under such a system, a consumer’s plebiscite (the phrase is Ludwig von Mises‘) is held, the vote being counted in whatever money unit is the handiest. With his votes the consumer directs production, forcing or luring energy, brains and capital to obey his will.”
― John Chamberlain, The Roots of Capitalism