"I must confess that I fail to see on what grounds in present-day society liberal economists (who today call themselves conservatives) can justify their optimism that the private appropriation of wealth will suffice to guard individual liberties--that is, will fulfil the same role as private property. In a jobholding society, these liberties are safe only as long as they are guaranteed by the state, and even now they are constantly threatened, not by the state, but by society, which distributes the jobs and determines the share of individual appropriation."
-Fn72- Hannah Arendt, The Human Condition, pp. 67-68.
