“Socialism appeals to better classes and has far more strength. Attack the state and you excite feelings of loyalty even among the disaffected classes; but attack the industrial system and appeal to the state, and you may have loyalty in your favor.”
Quote by John Bates Clark
Author
John Bates Clark
John Bates Clark was an American economist known for his research on marginal utility theory and theories of income distribution. His contributions to the field of economics have had a profound impact on subsequent economists. more
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Source: The Control of Trusts
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