Mark Carney said the following to a group of the world's elites last week:
"Just like any revolution eats its children," Carney told the audience of global power brokers, "unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself."
"All ideologies are prone to extremes. Capitalism loses its sense of moderation when the belief in the power of the market enters the realm of faith."
It's rather gratifying to think of certain groups and individuals with their knickers in a twist, isn't it?
"Capitalism loses its sense of moderation when the belief in the power of the market enters the realm of faith." And what, then, of a state beset by an autocratic ideologue enraptured with faith-based administration?
ReplyDeleteI am tempted to quote Dante's famous line about the warning emblazoned over the entrance to hell, Mound: "Abandon all hope, ye who enter here."
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