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Quotation of the day on why intellectuals embrace collectivism….. – Publications – AEI

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AEI Quotation of the day on why intellectuals embrace collectivism….. … is from Milton Friedman’s interview with Reason Magazine in 1974: I think a major reason why intellectuals tend to move towards collectivism is that the collectivist answer is a simple one. If there’s something wrong pass a law and do something about it. If there’s something wrong it’s because of some no-good bum, some devil, evil and wicked—that’s a very simple story to tell. You don’t have to be very smart to write it and you don’t have to be very smart to accept it. On the other hand, the individualistic or libertarian argument is a sophisticated and subtle one. If there’s something wrong with society, if there’s a real social evil, maybe you will make better progress by letting people voluntarily try to eliminate

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AEI
Quotation of the day on why intellectuals embrace collectivism…..

… is from Milton Friedman’s interview with Reason Magazine in 1974:

I think a major reason why intellectuals tend to move towards collectivism is that the collectivist answer is a simple one. If there’s something wrong pass a law and do something about it. If there’s something wrong it’s because of some no-good bum, some devil, evil and wicked—that’s a very simple story to tell. You don’t have to be very smart to write it and you don’t have to be very smart to accept it.

On the other hand, the individualistic or libertarian argument is a sophisticated and subtle one. If there’s something wrong with society, if there’s a real social evil, maybe you will make better progress by letting people voluntarily try to eliminate the evil. Therefore, I think, there is in advance a tendency for intellectuals to be attracted to sell the collectivist idea.

MP: In other words, collectivism and socialism sound so simple and so good in theory…. but in reality it’s a bit of a different story… Exhibit A: Venezuela…

Quotation of the day on why intellectuals embrace collectivism…..
Mark Perry

Mark Perry
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

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