Front Page Quotations Other Quotes Week of 23 April, 2010
About this Quotation:
2010 is the 100th anniversary of the publication in English of Guyot’s Socialist Fallacies. In the title Guyot is making reference to two precursors, Jeremy Bentham (1748-1832) and Frédéric Bastiat (1801-1850). The former wrote The Book of Fallacies (1824) and the latter wrote Economic Sophisms (1845), both of which were intended to debunk the political and economic errors and myths of their day. Guyot attempts to do the same for turn of the century France. One of his targets is the motto of the French state - “Liberty. Egality. Fraternity” - which arose during the French Revolution and was used by socialists in the1848 Revolution and then which became adopted officially in the Third Republic. Under socialism these three ideals are transformed into “Tyranny. Class rule. Class War.” This quote is also interesting because like his older colleague, Gustave de Molinari (1819-1912), Guyot predicts the rise of socialist ideas and with it, the inevitable coming to power of new “Caesars” who will destroy individual liberty. Little did they realize how destructive the new socialist Caesars like Lenin, Mussolini, Hitler, and Mao would be in the 20th century.
Other quotes from this week:
Other quotes about Socialism & Interventionism:
23 April, 2010
Read the full quote in context here.
2010 is the 100th anniversary of the publication of Yves Guyot’s book on Socialistic Fallacies. In this work the French laissez-faire economist and politician Yves Guyot (1843-1928) points out the inherent lawlessness and violence in socialist policies and how they will lead inevitably to the coming to power of a new “Caesar”:
The full passage from which this quotation was taken can be be viewed below (front page quote in bold):