Quotation of the Day…

by Don Boudreaux on September 28, 2018

in Doux Commerce, History, Myths and Fallacies

… is from page 138 of Deirdre N. McCloskey’s 2006 book, The Bourgeois Virtues:

In other words, it’s not the case that market capitalism requires or generates loveless people. More like the contrary. Markets and even the much-maligned corporations encourage friendships wider and deeper than the atomism of a full-blown socialist regime or the claustrophobic, murderous atmosphere of a “traditional” village. Modern capitalist life is love-saturated. Olden life was not loving; communitarian life was not; and actually existing socialist life decidedly was not. No one dependent on a distant god such as Gosplan or Tradition can feel safe. Paradoxically, a market linked so obviously to our individual projects make us safer and more loving.

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