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Capital must be propelled by self-interest it cannot be enticed by benevolence.

Walter Bagehot

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Walter Bagehot
Age: 51 †
Born: 1826
Born: February 3
Died: 1877
Died: March 24
Businessperson
Economist
Engineer
Journalist
Political Scientist
Politician
Sociologist
Langport
Somerset
Self
Must
Enticed
Propelled
Benevolence
Capital
Interest
Cannot

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Efficiency in an assembly requires a solid mass of steady votes and these are collected by a deferential attachment to particular men, or by a belief in the principles that those men represent, and they are maintained by fear of those men - by the fear that if you vote against them, you may soon yourself have no vote at all.
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The most essential mental quality for a free people, whose liberty is to be progressive, permanent and on a large scale, is much stupidity.
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A democratic despotism is like a theocracy: it assumes its own correctness.
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In my youth I hoped to do great things now I shall be satisfied to get through without scandal.
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A family on the throne is an interesting idea. It brings down the pride of sovereignty to the level of petty life.
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