Frederic Bastiat Quotes
The few practice lawful plunder upon the many, a common practice where the right to participate in the making of law is limited to a few persons.
Frederic Bastiat, 1801-1850, French Political Economist, The Law, 1850
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The term “rugged individualism” was used at the time be very conservatives and the very wealthy to describe business leladers with words that had very good public connotations. They argued that it would be undesirable to curtail their individualism that was so important by any government regulations or laws that would limit what the business leaders could do. However, the reality was that these very successful and powerful “rugged individualists” had regimented most everyone else—employees, consumers, and small businessmen who might sell them services or products. To Tugwell, if the wealthy and powerful few had no restrictions on their individualism, there would be precious little individualism for most of society. He sought a balance of regulating the individualism and prerogatives of the few somewhat in order to allow the vast majority of people to be able to have individuality as well.
Claude-Frédéric Bastiat was a French economist, writer and a prominent member of the French Liberal School.