At one end of the intellectual spectrum are the wise, those who know they don't know much; and on the other end are the egotists, those who have litt… - Leonard Read

Such terms as communism, socialism, Fabianism, the welfare state, Nazism, fascism, state interventionism, egalitarianism, the planned economy, the New Deal, the Fair Deal, the New Republicanism, the New Frontier are simply different labels for much the same thing.

When all the verbiage is cut through and all the shouting dies down, what really is it FEE argues for? Just this: You preposterous egotists! Get the hell off the backs of folks who know as much as you but who know they don’t know much. Leave us with ourselves and our Creator. The Creator, not you, is our source of creative action. Sure, all of us will organize to protect this creative relationship but, other than this, get gone! Leave the creative relationship be, you would-be gods! We are no less fallible than you but you are dizzy.

Socialism is founded on a lie -- the premise that man knows more than he in fact does know.