Quotation of the Day…

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… is from page 88 of Kenneth Boulding’s 1970 book, Economics As A Science:

In the market there are in effect a very large number of parties, there is no majority rule, and there is the possibility of a wide diversity of mixtures of commodity purchases and a wide diversity in styles of life. In the political area, where majority rule is the convention, diversity can only be achieved through coalitions offering packages, one of which will appeal to more voters than the others. It is as if in economic life we had only two firms, each of them offering a complete package of consumer goods in relatively fixed proportions, so that in effect we had a choice between two enormous packages of commodities and could not make our own selection.

DBx: Indeed so. And, therefore, if you are truly committed to diversity, you should wish to have as little as possible of life politicized, and as much as possible of life in the realm of individual liberty governed by the role of property and contract rights.