Quotation of the Day…
by Don Boudreaux
on August 14, 2019
… is from page 258 of George Will’s 2019 book, The Conservative Sensibility:
Marx, a Victorian intellectual, predicted that capitalism would be undone by its immiseration of the proletariat. Actually, capitalism has done more to jeopardize itself by annoying intellectuals. Many of them look down their upturned noses at the marketplace, and therefore at those who thrive in it. The intellectuals’ disdain is a manifestation of resentment about the fact that markets generally function nicely without the supervision of intellectuals.
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