Indeed, but what is not necessarily true in modern western economies is that power strongly correlates with wealth.
Also this more than anything is a reason to lessen government's ability to meddle in the economy (and yes, that includes it's power to regulate) because that power draws those who would abuse it until they inevitably control it and become like the "gangsters" Acton referred to.
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Re: I think you need to check your adages
Date: 21/4/10 18:04 (UTC)Also this more than anything is a reason to lessen government's ability to meddle in the economy (and yes, that includes it's power to regulate) because that power draws those who would abuse it until they inevitably control it and become like the "gangsters" Acton referred to.