Quotation of the Day…

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… is from page 207 of Matthew Hennessey’s wonderful 2022 book, Visible Hand:

Market capitalism isn’t perfect – what economic arrangement is? – but I defy you to name an alternative that allows people to follow the course they set for themselves as far as talent and ambition will carry them, regardless of race, color, creed, or family name. The circumstances of your birth don’t matter in an environment that rewards effort and encourages personal improvement. In the long scope of human history, the upward mobility enabled by free markets is rare – so rare you could only call its existence here and now a miracle. We’re all luckier than any of us realize to be living inside a miracle.