From pages 276-277 of his treatise, Human Action:
“[T]he consumers are not concerned about the problem of whether or not the men who shall serve them [by selling them products and services] start their careers under equal conditions. Their only interest is to secure the best possible satisfaction of their needs. If the system of hereditary property is more efficient in this regard, they prefer it to other less efficient systems. They look at the matter from the point of view of social expediency and social welfare, not from the point of view of an alleged, imaginary, and unrealizable ‘natural’ right of every individual to compete with equal opportunity. The realization of such a right would require placing at a disadvantage those born with better intelligence and greater will power than the average man. It is obvious that this would be absurd.”
2:20 pm on September 26, 2024
