Progress by Plunder fallacy


Verily, it is marvellous that people should persist in maintaining that all which an individual steals from the masses is a general gain. Perpetual motion, the philosopher’s stone, the quadrature of the circle, are antiquated problems; but the theory of progress by plunder is still held in honour. A priori, we should have thought that, of all imaginable puerilities, it was the least likely to survive.
Frédéric Bastiat, Economic Sophisms

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