Following up from the astute observations of his
present-day eastern disciple, here is another money quote from the teacher, in
The End of Laissez-Faire:
It is not true that individuals possess a prescriptive ‘natural liberty’ in their economic activities.
There is no ‘compact’ conferring perpetual rights on those who have or on those who acquire.
The world is not so governed from above that private and social interest always coincide.
It is not so managed here below that in practice they coincide.
It is not a correct deduction from the principles of economics that enlightened self-interest always operates in the public interest.
Nor is it true that self-interest generally is enlightened, more often individuals acting separately to promote their own ends are too ignorant or too weak to obtain even these.
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