7 ms·
Watch money. Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion--when you see that in order to p
by slickrick216 4y ago
Watch money. Money is the barometer of a society's virtue. When you see that trading is done, not by consent, but by compulsion--when you see that in order to produce, you need to obtain permission from men who produce nothing--when you see that money is flowing to those who deal, not in goods, but in favors--when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you--when you see corruption being rewarded and honesty becoming a self-sacrifice--you may know that your society is doomed.
- xpe 4y agoYes, money is _one_ barometer. I get it -- I often say "we're doomed" -- but very few of us get into the details of what that means. Maybe you have? What does the descent into doom look like? Any predictions?
- slickrick216 4y agoThat’s actually a quote from Atlas Shrugged one of the monologues called the money speech. I should have attributed it sorry. I would say we are heading for further authoritarianism and state capitalism. Things have stagnated. http://faculty.citadel.edu/sobel/Entrepreneurship%20Class%20Readings/11.%20Rand%20-%20Francisco%20d%27Anconia%27s%20Speech%20on%20Money.pdf http://faculty.citadel.edu/sobel/Entrepreneurship%20Class%20...
- thundergolfer 4y agoYou say “further” but I can’t see how this situation with Robinhood and it’s CEO is an exemplar of authoritarianism or state capitalism.
- xpe 4y agoDear recreational club swinger and small dimpled ball whacker who tempts the gods: Conversations wander and this is a good thing. It is ok that a thread several levels down does not share the precise topic with its ancestor, no?