There Is Only One Social Responsibility Of

I Know Of No Example In Time Or Place Of A Society That Has Been Marked By A Large Measure Of Political Freedom, And That Has Not Also Used Something Comparable To A Free Market To Organize The Bulk Of Economic Activity.

Consider Social Security. The Young Have Always Contributed To The Support Of The Old. Earlier, The Young Helped Their Own Parents Out Of A Sense Of Love And Duty. They Now Contribute To The Support Of Someone Else's Parents Out Of Compulsion And Fear. The Voluntary Transfers Strengthened The Bonds Of The Family; The Compulsory Transfers Weaken Those Bonds.

Everywhere, And At All Times, Economic Progress Has Meant Far More To The Poor Than To The Rich.

Most Of The Energy Of Political Work Is Devoted To Correcting The Effects Of Mismanagement Of Government.

The Most Important Single Central Fact About A Free Market Is That No Exchange Takes Place Unless Both Parties Benefit.