Tuesday, August 21, 2007
Keynes on Capitalism
Since it's not up on the net, according to Google, here's a terrific quote from the famous economist Keynes:
“Modern capitalism”, [Keynes] wrote a few years before the Great Slump, “is absolutely irreligious, without internal union, without much public spirit, often, though not always, a mere congeries of possessors and pursuers. Such a system has to be immensely, not merely moderately, successful to survive.”
- John Maynard Keynes quoted in Harper's Magazine, November 2001, p 82, in a review of Robert Skidelsky's biography: reviewer Nicholas Fraser.
A suitable epitaph for hippiedom I suppose, though it was written decades before.
“Modern capitalism”, [Keynes] wrote a few years before the Great Slump, “is absolutely irreligious, without internal union, without much public spirit, often, though not always, a mere congeries of possessors and pursuers. Such a system has to be immensely, not merely moderately, successful to survive.”
- John Maynard Keynes quoted in Harper's Magazine, November 2001, p 82, in a review of Robert Skidelsky's biography: reviewer Nicholas Fraser.
A suitable epitaph for hippiedom I suppose, though it was written decades before.
