Tag Archives: Dictatorship

Lost Wisdom: Gustav Cassel on Economic Planning

By DCT | January 14, 2010

By Steve Horwitz: Posted on the Coordination Problem Blog Site.
This is from a 1934 Cobden Memorial lecture of Gustav Cassel’s entitled “From Protectionism through Planned Economy to Dictatorship”:
Planned economy will always tend to develop into Dictatorship…[because] experience has shown that representative bodies are unable to fulfill all the multitudinous functions connected with economic leadership without [...]

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The Average Age of the World’s Greatest Civilizations has been 200 Years!

By DCT | January 28, 2009

I remember reading this quote back in my college days…it’s haunting to run across it again as we discuss stealing a trillion dollars from Peter to pay Paul…
A democracy cannot exist as a permanent form of government.
It can only exist until the voters discover that they can vote themselves largesse from the public treasury. [...]

Posted in Democracy, Dictatorship | Also tagged , , | 3 Comments