Ultimately, however, as the Austrian economist Joseph Schumpeter pointed out, a powerful bureaucratic class is in the same relation to commerce as was the scorpion in Aesop to the dog on whose back he crossed the river. They will destroy commerce and establish socialism, even if it kills them, because that is their nature.
Tag: John Derbyshire
(1945- ) is a British-born naturalized American writer, journalist and commentator.