October 4, 2006

Quoting Adam Smith

An excerpt from "Wealth of nations"

"Wherever there is great property, there is great inequality. For one very rich man, there must be at least five hundred of the poor, and the affluence of the few supposes the indigence of the many. [. . .] It is only under the shelter of the civil magistrate [the police] that the owner of that valuable property, which is acquired by the labor of many years, or perhaps of many successive generations, can sleep a single night in security."

Posted by duver001 at October 4, 2006 11:29 AM