November 8, 2017

Quote of the Day

St. Deirdre:

One reason, first, is ancient, the primitive suspicion we have that a deal in the market is unfair. The suspicion made some sense in the zero-sum world in which most people lived until the nineteenth century. The sociologist Georg Simmel put it well in 1907: "The masses--from the Middle Ages right up to the nineteenth century--thought that there was something wrong with the origin of great fortunes. . . Tales of horror spread about the origin of the Grinaldi, the Medici, and the Rothschild fortunes . . . as if a demonic spirit was at work."  It is the masses, the populists, hoi polloi, who hold such views vividly. A jailer in the thirteenth century scorned a rich man's pleas for mercy: "Come, Master Arnaud Teisseire, you have wallowed in such opulence! . . . How could you be without sin?" -- Deirdre McCloskey

The whole piece is quite fine, but I'll warn that it is not overly complimentary of the President of the United States.

Quote of the Day Posted by John Kranz at November 8, 2017 5:08 PM

A good piece that I've been meaning to read fully. Having not achieved that yet, let me say I believe she doesn't make sufficient distinction between "right-wing nationalism" and a legitimate demand that officials "support and defend the Constitution of the United States against all enemies, foreign and domestic; that [he] take[s] this obligation freely, without any mental reservation or purpose of evasion."

To a left-wing populist, both of the aforementioned can appear inseparable.

But I agree: "The liberals stand against the twins of violently enforced state action."

Posted by: johngalt at November 14, 2017 3:04 PM | What do you think? [1]