Thursday, September 03, 2009

History Repeating Itself


"As soon as A observes something which seems to him to be wrong, from which X is suffering, A talks it over with B, and A and B then propose to get a law passed to remedy the evil and help X. Their law always proposes to determine what C shall do for X, or in the better case, what A, B, and C shall do for X...
What I want to do is to look up C. I want to show you what manner of man he is. I call him the Forgotten Man. Perhaps the appellation is not strictly correct. He is the man who never is thought of...
He works, he votes, generally he prays--- But he always pays..."
William Graham Sumner,
Yale University, 1883

One of the best reads that I have had this year and on the whole, too close to the current reality.
I highly recommend it.

3 comments:

Shelly said...

If the politicians would have stuck to free market principles the Great Depression would not have been so great. But instead, they jumped on the Soviet bandwagon and tried to implement Socialist programs.

Maybe I'll read the book...

Karen said...

I actually heard about this somewhere else too. NPR I think. I may have to check it out.

grannybabs said...

Interesting concept. I usually feel like the "forgotten man!"