A fact rarely suspected, let alone understood, is that businessmen are by no means the chief beneficiaries of the free market, private ownership, lim… - Leonard Read

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A fact rarely suspected, let alone understood, is that businessmen are by no means the chief beneficiaries of the free market, private ownership, limited government way of life. Many business ventures fail entirely. Who then are the beneficiaries? The masses!

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About Leonard Read

Leonard Edward Read (September 26, 1898 – May 14, 1983) was the founder of the Foundation for Economic Education (FEE), which was one of the first modern libertarian institutions of its kind in the United States. He wrote 29 books and numerous essays, including the well-known "I, Pencil" (1958).

Also Known As

Alternative Names: Leonard Edward Read Leonard E. Read

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Additional quotes by Leonard Read

Once an activity has been socialized, it is impossible to point out, by concrete example, how men in a free market could better conduct it. How, for instance, can one compare a socialized post office with private postal delivery when the latter has been outlawed?

Government can no more use coercion against the life or property of a person and, at the same time, perform its proper function of defending the life or property of that person than I can practice Christian charity on another while robbing him.

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