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Bonus Quotation of the Day…

… is from page 168 of Rainer Zitelmann’s 2019 book, The Power of Capitalism:

Anti-capitalism in its various shapes and guises, of which environmentalism is currently the most influential, has succeeded in putting the business elite under enormous pressure. Less gifted with eloquence than their opponents, and more used to acting on gut feeling than on theoretical abstractions, the members of this elite have surrendered to the anti-capitalist resentment espoused by career intellectuals. Since entrepreneurial success is contingent on the ability to adapt to changing market conditions, they frequently fail to realize that adapting to objectionable political realities isn’t always a sustainable survival strategy.

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