David Marquand Quotes


The capitalist free market is a marvelous servant but a disastrous master. In one of the greatest achievements of the second half of this [the 20th] century, a few favored societies learned to convert it from master to servant. The danger now is that a smug and vainglorious capitalism will not remember the lesson.


Context

15 years later the lesson hit hard with the Meltdown of 2008 and the Great Recession where many developed counties became servants to capitalism again and struggled to regain control.


Citations

David Marquand, British Academic & Labour Member of Parliament, “After Socialism”, Political Studies Vol. 41, Special Issue, 1993

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

In May of 1886 police had killed some strikers for an 8 hour work day at the McCormick Plant in Chicago. A left wing newspaper called a rally using the word “revenge.” (See {43614}.) The next day, at the rally, someone threw a dynamite bomb killing several police who in turn wounded and killed many of the protestors. 31 people were indicted for the “Haymarket Bombing,” 8 were tried, and 7 were convicted and sentenced to death including Spies. There was however, no evidence linking any of the defendants with the bombing, only evidence linking them with left wing, anarchist positions and writings.


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  • Born: September 20, 1934
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David Ian Marquand FBA FRHistS FRSA is a British academic and former Labour Party Member of Parliament (MP).