Shortsightedness Quotes
The American model – democracy – must be regarded as a historical error, economically as well as morally. Democracy promotes shortsightedness, capital waste, irresponsibility, and moral relativism. It leads to permanent compulsory income and wealth redistribution and legal uncertainty. It is counterproductive. It promotes demagoguery and egalitarianism. It is aggressive and potentially totalitarian internally, vis-à-vis its own population, as well as externally. In sum, it leads to a dramatic growth of state power, as manifested by the amount of parasitically – by means of taxation and expropriation – appropriated government income and wealth in relation to the amount of productively – through market exchange – acquired private income and wealth, and by the range and invasiveness of state legislation. Democracy is doomed to collapse, just as Soviet communism was doomed to collapse.
Hans-Hermann Hoppe
The main sources of tension in today's world economy could be grouped under the following categories:
(i) the underdevelopment of a large part of world
(ii) competition between different economic systems
(iii) the passing of colonialism
(iv) economic instability, especially in primary markets, and
(v) national shortsightedness, especially in trade policy.
Jan Tinbergen
