Lebanese-born American investment banker, financier, activist and author
Lebanese-born American investment banker, financier, activist and author
Born: December 3, 1960
Alternative Names:
Ziad K Abdelnour
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We are today engaged in a war. It is an economic war over our
sovereignty as human beings with inalienable rights to life, liberty, and
the pursuit of happiness. The “pursuit of happiness” means the right
to create wealth through our labor and to enjoy the fruits thereof.
The battle now is over who has the moral, the ethical, and the legal
right to the fruits of our labor. Are we to be free, or are we to be
slaves? Just whose money is it anyway?
Central planning inevitably leads to economic chaos and failure.
Friedrich Hayek called the delusion that a single person or a group
of government planners could possibly possess the knowledge to plan
an entire economy a “fatal conceit.” The overwhelming historical
evidence is that the more freedom a nation has, the more economic
opportunities will exist and the more dynamic that nation’s economy
will be. Likewise, the more regulations, controls, taxes, governmentrun
industries, protectionism, and other forms of interventionism that
exists, the poorer the country will become.
We live in a society that is based on 30-second sound bites. We have
technology that puts all of the information of humankind at our fingertips,
but we have the attention span of a three-year-old at a carnival
midway on the Fourth of July. We throw around a lot of words like
democracy, federal, republic, nationalist, socialist, liberal, and right-wing — but
do we really know what they mean?
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Socialism tends to destroy wealth. Socialism does this by draining
its vitality away. It does this by destroying the desirability of wealth
as a wholesome value. Socialism kills the chance that any community
can survive by browbeating the concept of vested ownership, on
which community survival is always dependent in the end.