11/24/12

Economic theory

“WHEN I say “Capitalism,” I commonly mean something that may be stated thus: “That economic condition in which there is a class of capitalists, roughly recognizable and relatively small, in whose possession so much of the capital is concentrated as to necessitate a very large majority of the citizens serving those capitalists for a wage.” ” — The Outline of Sanity.

“BIG Business and State Socialism are very much alike, especially Big Business.” — G.K.’s Weekly, April 10, 1926.

“OUR SOCIETY is so abnormal that the normal man never dreams of having the normal occupation of looking after his own property. When he chooses a trade, he chooses one of the ten thousand trades that involve looking after other people’s property.” — Commonwealth, Oct. 12, 1932.

“FROM the standpoint of any sane person, the present problem of capitalist concentration is not only a question of law, but of criminal law, not to mention criminal lunacy.” — The Outline of Sanity.

~G.K. Chesterton

G.K. Chesterton: Collected Works, Vol. 5, Family, Society, Politics: The Outline of Sanity, The End of the Armistice, The Appetite of Tyranny, Utopia of Usurers--and others.

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