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Quotation of the Day…

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…is from page 123 of Eamonn Butler’s superb 2018 monograph, An Introduction to Capitalism [2] (link added):

Peter Berger’s The Capitalist Revolution [3] (1986) shows how capitalism’s features – property, capital goods, free markets, automatic asset allocation and a predictable legal system – make it well suited to promote efficiency and progress. It offers a refuge from political power, unlike socialism, which has to be imposed by force – and the grander the vision, the more despotic the rule must be. But capitalism is plagued by viruses, such as the intellectuals whom it creates but who also oppose it, and the interest groups who lobby for legal privileges.

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