Quotation of the Day…

by Don Boudreaux on August 21, 2011

in Civil Society, History, Politics, Trade

… is from page 58 of historian Frank Trentmann’s impressive 2008 book Free Trade Nation: Commerce, Consumption, and Civil Society in Modern Britain; the time and place referenced is very early 20th-century Great Britain:

For A.V. Dicey, the leading constitutional expert of the period, ‘the worst danger of Protection’ was precisely that it would lead to ‘the confusion between public interest and private interest.’  Free Trade held out a mutually convenient if idealized concordat: politics kept out of business, and business kept out of politics.

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Greg Webb August 21, 2011 at 7:59 pm

Excellent quote, Don. I suppose free trade will always be attacked by corrupt politicians and their crony capitalist friends because there is so much benefit to both by having politics in business and business in politics.

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