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Quote by Mariano Grondona

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Los pensadores de la libertad

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Mariano Grondona

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“The best guide I know of is political economist Thomas Ferguson’s “investment theory of politics,” mentioned above, the thesis that to a good first approximation, we can understand elections to be occasions in which groups of investors coalesce to control the state, a very good predictor of policy over a long period, as he shows. For 2008, we would therefore anticipate that the interests of the financial industries, the major funders (who preferred Obama to McCain), would be “most peculiarly attended to” by government policy, in accord with Adam Smith’s maxim. And so we find.”

DemocracyEconomicsObamaAdam SmithDemocratic ElectionsPredatory CapitalismThomas Ferguson
Book:Hopes and Prospects
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“There are people who have been horrifically bent by the severity of their wounds. But there are also those who have been raised up by the lessons inherent in those wounds to the point that they are no longer bent nor ever will be bent again. And the difference between the two rests in the fact that the former let their wounds define them, while the latter let the lessons embolden them.”

PainOpportunityGrowthLessonsWoundsBentStrengthenEmbolden
Author:Craig D. Lounsbrough
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