Frederic Bastiat Quotes


Men will resort to plunder whenever plunder is easier than work. History shows this quite clearly. And under these conditions, neither religion nor morality can stop it. When, then, does plunder stop? It stops when it becomes more painful and more dangerous than labor.


Citations

Frederic Bastiat, 1801-1850, French Political Economist, The Law, 1850

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

There were few if any consumer protection laws in those days and many wealthy aristocrats made their money by taking advantage of the poor. They were the landowners, bankers, financiers and often the industrialists. Shaw was a sarcastic social critic and this is a typical line he gave his upper class characters. Today, we have more controls on business and finance, and many wealthy business people have gotten that way by providing great value to the consumers and being honest. However, we still have large numbers of wealthy members of society who do make their money from the poor and middle class by unethical and often illegal means. In the aftermath of the Meltdown of 2008. hundreds of thousands of the homes of the working poor and middle class were foreclosed by the major banks forging the legal documentation for the foreclusures. Millions of consumer contracts are issued that even a PhD cannot understand the terms of without special legal and financial training. There is even a legal definition of a salesperson lying to make a sale which is so commonplace that our law excuses it and calls it "puffing". However, there has been over time, improvement over Shaw's era.


Frederic Bastiat
Frederic Bastiat
  • Born: June 30, 1801
  • Died: December 24, 1850
  • Nationality: French
  • Profession: Economist

Claude-Frédéric Bastiat was a French economist, writer and a prominent member of the French Liberal School.