There is no difference between the principles, policies and practical results
of socialism—and those of any historical or prehistorical tyranny. Socialism
is merely democratic absolute monarchy—that is, a system of absolutism without
a fixed head, open to seizure of power by all corners, by any ruthless climber,
opportunist, adventurer, demagogue or thug.
When you consider socialism, do not fool yourself about its nature. Remember
that there is no such dichotomy as “human rights” versus “property rights.” No
human rights can exist without property rights. Since material goods are
produced by the mind and effort of individual men, and are needed to sustain
their lives, if the producer does not own the result of his effort, he does not
own his life. To deny property rights means to turn men into property owned by
the state. Whoever claims the “right” to “redistribute” the wealth produced by
others is claiming the “right” to treat human beings as chattel.