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“I do not see class as a 'structure', nor even as a 'category', but as something which in fact happens (and can be shown to have happened) in human relationships... the notion of class entails the notion of historical relationship. ...And class happens when some men, as a result of common experiences (inherited or shared), feel and articulate the identity of their interests as between themselves, and as against other men whose interests are different from (and usually opposed to) theirs”

“In the past, the British had signally failed to build an effective structure of royal authority and administration in their American colonies. As a result, no possibility existed of soothing and winning over influential and talented Americans, in the way that influential and talented Scotsmen were increasingly being won over, by giving them increased access to state employment.”

“We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.”