Q: What does Hayek use to disprove the idea of "power which is thus conferred on the state is merely transferred to it from others" (114)?
A: "It is a power which is newly created and which in a competitive society nobody possesses. So long as property is divided among many owners, none of them acting independently has exclusive power to determin the income and position of particular people-nobody is tied to any one property owner except by the fact that he may offer better terms than anybody else" (114, 115).
No comments:
Post a Comment