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Quotation of the Day…

… is from pages 58-59 of the 1962 Gateway edition of University of Georgia economist David McCord Wright’s unfortunately now-neglected 1951 book, Capitalism:

One of the most widespread criticisms of the modern economic market is that capitalistic advertising is not always truthful. Who, however, could maintain that political speeches are always truthful? Again, products, it is said, are often “sold” to the public rather than spontaneously demanded by it. Is this not often true of political programs? Next people will say that certain capitalist businessmen have special influence over the market. But do not certain political leaders have special influence over the political market? Finally some people will object that they are forced to choose among the alternatives presented to them and cannot simply have anything they wish…. But also in political life are not most of us obliged to choose among the candidates presented to us in a given campaign rather than “running our own man”?

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