‘Social justice’...is the antithesis of justice[, which] holds that only those responsible for a wrong should be held to account.
Coherent patterns in human affairs are often the result of the interaction of numerous individuals, none of whom sought to achieve the resulting overall end.
In the absence of prices that accurately reflect people's preferences for various goods and services, government direction of the economy can only lead to increasing malinvestment and disorder.
There is something distastefully naïve in the view that political power is invariably more benign than is economic power.
Without a price system, socialist economies lacked the ability to coordinate the actions of consumers and producers, and were thus doomed to substantial misallocations of resources.