Thursday, February 21, 2008

Capitalism: The Forgotten Ideal

I'm an admirer of PJ O'Rouke, both for his political positions, and for the wit that saturates his writing. The following, referring to a quote by Adam Smith, the famous Eighteenth Century Scottish philosopher, was highlighted by Jonathan Pearce at Samizdata. Mr Pearce used this quote as the opening paragraph of an excellent review of O'Rourke's book, On The Wealth of Nations.

"Smith did believe free markets could better the world. He once said, in a paper delivered to a learned society, that progress required "little else...but peace, easy taxes, and tolerable administration of justice." But those three things were then - and are now - the three hardest things in the world to find. Smith preached against the gravitational load of power and privilege that always will, if it can, fall upon our livelihood. The Wealth of Nations is a sturdy bulwark of a homily on liberty and honest enterprise. It does go on and on. But sermons must last a long time for the same reason that walls must. The wall isn't trying to change the roof's mind about crushing us."

- P.J. O'Rourke, On the Wealth of Nations.
I might hasten to add that I'm also an admirer of Adam Smith.

Tip of the battered gray fedora: Samizdata.

They've killed Freedom! Those bastards!

Warm regards,

Col. Hogan
Stalag California


Ol' BC said...

The Wealth of Nations could be outlawed in schools at the present rate of leftward movement. Wait until Obama and his Nation of Islam buddies get in. The pace will quicken to the left.

Col. Hogan said...


Pretty scary. Sadly, things haven't exactly gone well with a Republican in office, either.