"But the view that the state improves the functioning of the economy by massive reallocation of resources is an anachronism, an article of faith roughly equivalent to the widespread superstitions at the close of the Middle Ages that fasting and flagellation were beneficial for a community. It should not be forgotten that governments waste resources on a large scale. Wasting resources makes you poor.

A dramatic improvement in the efficiency of resource use will arise when revenues historically engrossed by governments come to be controlled instead by persons of genuine talent. Tens of billions, then ultimately hundreds of billions of dollars will be controlled by hundreds of thousands, then millions of Sovereign Individuals. These new stewards of the world’s wealth are likely to prove far abler than politicians in utilizing resources and deploying investment."

- The Sovereign Individual, Chapter 7.