Capitalism is in large part psychologically driven. Confidence, optimism, and a sense of calm about the future foster risk and investment, while worry, pessimism, and a sense of foreboding ensure timidity and stasis. [ ], who is mostly a creature of the university and the dependable government payroll, does not seem to grasp that fact.
14 July 2010
Quote for today
From a post about lack of business confidence under The One by Victor Davis Hanson in NRO; insert any of hundreds of alternative names from the ranks of "progressive" politicians and the statement holds true. That "sense of foreboding" is one of the principal factors underlying Britain's intractable economic under-performance, and has been the driver of high quality emigration for as long as I can remember.