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Prior to capitalism, the way people amassed great wealth was by looting, plundering and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man.
Walter E. Williams
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Walter E. Williams
Age: 84 †
Born: 1936
Born: March 31
Died: 2020
Died: December 1
Columnist
Economist
Journalist
Radio Personality
University Teacher
Philadelphia
Pennsylvania
Walter Williams
Walter Edward Williams
Made
Serving
Way
Fellow
Plundering
Men
Fellows
Amassed
People
Capitalism
Enslaving
Wealth
Looting
Possible
Prior
Become
Wealthy
Great
Libertarian
More quotes by Walter E. Williams
Thou shalt not steal unless thou hast a majority vote in Congress.... I'm healthy subsidized prescription drugs won't do me much good. I'd be willing to forego my prescription drugs if Congress would force some young American to mow my lawn.
Walter E. Williams
The Founders knew that a democracy would lead to some kind of tyranny. The term democracy appears in none of our Founding documents. Their vision for us was a Republic and limited government.
Walter E. Williams
The true test of one's commitment to liberty and private property rights doesn't come when we permit people to be free to do those voluntary things with which we agree. The true test comes when we permit people to be free to do those voluntary things with which we disagree.
Walter E. Williams
Socialism is just another form of tyranny.
Walter E. Williams
Politicians have immense power to do harm to the economy. But they have very little power to do good.
Walter E. Williams
I don't know about you, but if you hear that Williams guns have been taken, you'll know Williams is dead.
Walter E. Williams
Governments are instituted among Men, deriving their just powers from the consent of the governed
Walter E. Williams
One of the wonderful things about free markets is that the path to greater wealth comes not from looting, plundering and enslaving one's fellow man, as it has throughout most of human history, but by serving and pleasing him.
Walter E. Williams
According to the Institute for International Economics, trade barriers cost American consumers $80 billion a year or more than $1,200 per family.
Walter E. Williams
How does something immoral, when done privately, become moral when it is done collectively? Furthermore, does legality establish morality? Slavery was legal apartheid is legal Stalinist, Nazi, and Maoist purges were legal. Clearly, the fact of legality does not justify these crimes. Legality, alone, cannot be the talisman of moral people.
Walter E. Williams
If one person has a right to something he did not earn, of necessity it requires that another person not have a right to something that he did earn.
Walter E. Williams
As American education and intelligence becomes replaced by feelings and emotion, not seeing the forest for the trees has become a major problem.
Walter E. Williams
Reduced employment opportunities is one effect of minimum wage legislation. The minimum wage law has imposed incalculable harm on the disadvantaged members of our society. The only moral thing to do is to repeal it.
Walter E. Williams
No matter how worthy the cause, it is robbery, theft, and injustice to confiscate the property of one person and give it to another to whom it does not belong.
Walter E. Williams
The idea that even the brightest person or group of bright people, much less the U.S. Congress, can wisely manage an economy has to be the height of arrogance and conceit.
Walter E. Williams
Poverty in Egypt, or anywhere else, is not very difficult to explain. There are three basic causes: People are poor because they cannot produce anything highly valued by others. They can produce things highly valued by others but are hampered or prevented from doing so. Or, they volunteer to be poor.
Walter E. Williams
Whether we want to own up to it or not, the welfare state has done what Jim Crow, gross discrimination and poverty could not have done. It has contributed to the breakdown of the black family structure and has helped establish a set of values alien to traditional values of high moral standards, hard work and achievement.
Walter E. Williams
The crucial question for any policy is not what, are its intentions, but what are its effects?
Walter E. Williams
The greatest percentage of poverty is found in female-headed households. Over 70 percent of female-headed households are poor. A large percentage of poor people are children (17 percent) fully 85 percent of black children living in poverty reside in a female-headed household.
Walter E. Williams
Many of the wonderful achievements of the 20th century were the result of the pursuit of profits. Unfortunately, demagoguery has led to profits becoming a dirty word. Nonprofit is seen as more righteous, particularly when people pompously stand before us and declare, 'We're a nonprofit organization.'
Walter E. Williams
